Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.
Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.
We are looking for an Assistant Actuarial Analyst to join our Hedging and Quantitative Solutions team. The position will support our hedging function for variable annuities through applying knowledge of mathematics, computer programming, financial instrument pricing methodologies, and actuarial principles.
This position will report to AVP, Hedging and Quantitative Solutions.
Main Accountabilities
- Ensure accurate and timely valuation of annuity and derivative positions.
- Communicate with traders to ensure that hedge analytics are complete and that programs are compliant.
- Perform regular hedge program performance attributions and measurement of hedge effectiveness.
- Assist in quantifying the impact of changes in underlying assumptions.
- Ensure adequate controls and documentation over processes.
- Grow and enhance skills in programming using languages such as Python and SQL.
- Collaborate with team to enhance existing applications/tools supporting the valuation of variable annuity hedge program analytics, focusing on model efficiency and effectiveness.
- Participate in special projects as needed.
- Continue progress towards professional development designation through company supported Actuarial Student Program
Qualifications
- Bachelor’s degree in actuarial science, finance, economics, math, physics, engineering, or related field
- At least one actuarial exam passed
- Exposure to programming languages such as VBA, Python, or SQL
- Exposure to variable annuity products and riders is a plus
- Strong analytic skills
- Ability to balance multiple projects and priorities
- Effective communication skills
Work Location
This is a hybrid position based out of our Zionsville, IN, office located at 10555 Group 1001 Way. We are seeking candidates local to the Indianapolis metro area and willing to commute to that office on a regular basis.
Benefits Highlights:
Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives. Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.
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What We Do
Group 1001 Insurance Holdings, LLC (“Group 1001”) is an insurance holding company in the United States, with current combined assets under management of approximately $57.5 billion as of June 30, 2022, and a mission for setting a new standard in the insurance industry by making insurance more useful and intuitive for everyone.
Group 1001 is a long-standing, nimble, and tech-driven financial services enterprise established on deep industry expertise and reliable delivery of long-term value through empowering its customers, employees, and communities. Leveraging upon its record of building successful businesses and strong operating fundamentals, Group 1001 powers the next generation of insurance businesses with useful and intuitive solutions and products accessible to everyone. Group 1001 invests in strategic partnerships as part of our mission to transform communities through sports and education.
Group 1001 and our subsidiaries have a strong commitment to service and community transformation. Education and sports initiatives, coupled with impactful partnerships, allow Group 1001 to improve lives through positive change in our communities.
Learn more at Group1001.com.
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