Analyst V, Actuary (Madison, WI - Hybrid)

At TruStage, we’re on a mission to make a brighter financial future accessible to everyone.  We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what’s possible. We need you to help us shape what’s next. You’ll be encouraged to share your experiences, ideas and skills to help others take control of their financial future.

Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition

The Preplanning Solutions Valuation department is primarily responsible for determining the value of insurance liabilities and assets according to regulations to ensure the solvency and financial health of the Preplanning Solutions entities.  In this role, you have the responsibility for developing and maintaining actuarial valuation reporting processes on a GAAP, STAT, Tax and Economic basis, following industry best practices. You will interact with professionals developing and supporting TruStage Preneed products, establish valuation and projection assumptions, perform reinsurance administration, and detailed policy value calculations.  This role will require frequent collaboration with other departments including Accounting, Finance, Customer Service, Legal, Compliance, external Reinsurance Partners, and other professional actuaries across the company.  The position will be engaged as a leader, developer, and participant in various company projects and departmental process improvement initiatives.

The position has significant freedom to conduct analysis and develop solutions to actuarial issues. The primary purpose is to conduct analysis, and communicate conclusions of analysis, helping to drive desired business performance.  The position requires the ability to communicate complex analysis and conclusions to business leaders, assisting those leaders in taking appropriate actions to meet company financial objectives.   This position has regular interaction with external audiences in support of filings, financials, or audits, and occasional contact with customers.
 

Job Responsibilities:

• Sets expectations for actuarial model capabilities, identify model data needs and available sources.
• Set assumptions and oversee experience studies, analyze and interpret financial results, and communicate with financial leadership.
• Develop new & creative solutions to actuarial issues. Operate with a process improvement mindset.
• Conduct independent analysis and draw conclusions & make recommendations.
• Serve as actuarial viewpoint expert in a wide variety of actuarial subjects, and in company, industry and regulatory practices.
• Provide effective interaction with leadership of Finance, Accounting, IT, Underwriting, Claims and other units as required by particular project.
• Provide effective interaction with external audiences in support of filings or audits, and occasional contact with customers, mostly internal.
• Impacts the achievement of customer, operational, project or service objectives.

Actuary Projects

• Communicates difficult concepts and negotiates with others to persuade a different point of view.
   

The above statement of duties is not intended to be all inclusive and other duties will be assigned from time to time.
 

Job Requirements:

• Bachelor’s degree in actuarial science, statistics, mathematics or a related field.
• Six-plus years of experience in actuarial setting with progressive responsibilities.
• FSA or FCAS Level or equivalent.
• Broad knowledge or insurance operations and products and emerging issues.
• Ability to communicate technical concepts to non-technical audiences in an informal setting.
• Ability to interact with other functional areas as required.
• Ability to pay attention to detail, produce accurate results and develop self-validation skills.
• Strong organization and time management skills.
• Ability to handle multiple priorities and tight deadlines.
• Ability to work independently or as part of a team.
• Ability to develop and use collaborative relationships to facilitate the accomplishment of work goals.

If you’re ready to help make a difference, apply today.  A resume is required to apply. TruStage may process applicant information using an Artificial Intelligence (AI) tool.  This tool automatically generates a screening score based on how well applicant information matches the requirements and qualifications for the position. TruStage recruiters use the screening score as a guide to further evaluate candidates; the score is one component of an application review and does not automatically determine whether a candidate moves forward.  Candidates may choose to opt out of this process.

Compensation may vary based on the job level, your geographic work location, position incentive plan and exemption status.

 

Base Salary Range:

$135,500.00 - $203,300.00

 

At TruStage, we believe a sound, inclusive benefits program is of vital importance, along with a flexible workplace that allows for work-life balance, career growth and retirement assistance. In addition to your base pay, your position may be eligible for an annual incentive (bonus) plan.  Additional benefits available to eligible employees include medical, dental, vision, employee assistance program, life insurance, disability plans, parental leave, paid time off, 401k, and tuition reimbursement, just to name a few. Beyond pay and benefits, we also recognize that flexibility, including working in a place you prefer, is essential to caring for our employees.  We will continue to strive to offer flexibility and invest in technology and other tools that will make hybrid working normal rather than an exception, so that when “life happens,” you can focus on what’s most important.

Accommodation request

TruStage is a place where everyone can bring their best self and thrive. If you need application or interview process accommodations, please contact the accessibility department.