Job Responsibilities and Requirements
The Actuarial Student performs varied actuarial functions for the fixed and indexed annuity lines of business, with an emphasis on developing and maintaining actuarial models for liability valuation, cash flow testing, and asset-liability management. Other functions include supervised assistance with model testing and documentation, as well as process improvement and automation using Alteryx.
Duties and Responsibilities:
- Maintain annuity liability models in FIS Prophet, to support the calculation of reserves under IFRS.
- Assist in the monthly valuation of fixed and indexed annuities for Stat and GAAP.
- Assist in the quarterly asset-liability management process.
- Assist in the annual cash flow testing and year-end reporting process.
- Develop workflows using Alteryx to improve data processes related to the maintenance of actuarial models.
- Perform analyses of annuity persistency used to develop and validate model assumptions.
- Provide support for management inquiries and audit requests.
- Continuous progress on actuarial exams.
Education, Qualifications and Experience:
- Relevant Bachelor’s Degree required, preferably in Mathematics, Statistics, Actuarial Science or other programs focused on quantitative analysis.
- Completion of 1-3 Society of Actuaries exams.
- Skilled in spreadsheet and database software usage, such as Excel, Access, and Alteryx.
- Familiarity with actuarial modeling software and annuity products, preferred.
- Ability to consolidate large amounts of data to help identify key findings.
- Good verbal and written communication skills.
The expected hiring range for this position is $68,190.00 - $91,020.00 annually for work performed in the primary location (Philadelphia, PA). This expected hiring range covers only base pay and excludes any other compensation components such as commissions or incentive awards. The successful candidate’s starting base pay will be based on several factors including work location, job-related skills, experience, qualifications, and market conditions. These ranges may be modified in the future.
Work location may be flexible if approved by the Company.
What We Offer
At Reliance Matrix, we believe that creating a more diverse, equitable and inclusive culture allows us to realize more of our potential. And we can’t do this without our most important asset—you.
That is why we offer a competitive pay package and a range of benefits to help team members thrive in their financial, physical, and mental wellbeing.
Our Benefits:
- An annual performance bonus for all team members
- Generous 401(k) company match that is immediately vested
- A choice of three medical plans (that include prescription drug coverage) to suit your unique needs. For High Deductible Health Plan enrollees, a company contribution to your Health Savings Account
- Multiple options for dental and vision coverage
- Company provided Life & Disability Insurance to ensure financial protection when you need it most
- Family friendly benefits including Paid Parental Leave & Adoption Assistance
- Hybrid work arrangements for eligible roles
- Tuition Reimbursement and Continuing Professional Education
- Paid Time Off, volunteer days, community partnerships, and Employee Assistance Program
- Ability to connect with colleagues around the country through our Employee Resource Group program and our Diversity Equity & Inclusion Council
Our Values:
- Integrity
- Empowerment
- Compassion
- Collaboration
- Fun
EEO Statement
Reliance Matrix is an equal opportunity employer. We adhere to a policy of making employment decisions without regard to race, color, religion, sex, national origin, citizenship, age or disability, or any other classification or characteristic protected by federal or state law or regulation. We assure you that your opportunity for employment depends solely on your qualifications.
#LI-Hybrid #LI-AS1
Top Skills
What We Do
Reliance Matrix delivers employee benefits, absence management and workforce productivity solutions through the financial stability of a top-rated insurance carrier, the agility and innovative spirit of a Third Party Administrator (TPA), and the daily commitment of thousands of team members across America. Where larger competitors offer size, we inspire confidence and long term engagement through integration, reliability and dedication to providing customized solutions.
Reliance Matrix innovates and provides technology-driven absence and benefit solutions that enable employees and employers to manage time away from work.
We help employers attract and retain valuable human capital through thoughtful, inclusive benefit programs delivered with care.
We bring top-tier regulatory knowledge and cutting edge technology to help optimize workforce productivity and compliance.
We offer a seamless member experience customized to each individual’s need
and event.
We integrate our solutions and expertise with leading HR technologies to ensure accuracy, efficiency and a superior customer experience.
We are a proud member of the global Tokio Marine Group, one of the oldest, largest and most respected insurance organizations in the world.
In the business hierarchy, human capital is the most precious of assets. Reliance Matrix delivers comprehensive, integrated solutions and services to attract, protect and help optimize an employer’s work force in a changing, challenging world
