Senior Actuarial Support Specialist

Posted 3 Days Ago
Be an Early Applicant
New York, NY
81K-133K Annually
Mid level
Insurance • Financial Services
The Role
The role involves managing annual dividend scales, supporting various teams, ensuring the integrity of life dividends, and modernizing systems for whole life and term products.
Summary Generated by Built In

As a Senior Actuarial Support Specialist, you will be responsible for managing the implementation of the annual dividend scale for whole life policies that are maintained on three Administrative Systems. You will work with partners in IT and other units to ensure the integrity of the life dividend. You will also support the Product team in developing future whole life and term life products.  Additionally, you will provide support to the Customer Support team, the Illustration team, the Operation and Issue teams, as well as other Individual Markets (IM) functions.

This will be a highly technical role with the responsibility of ensuring that rates and values are correct for all inforce and future policies.

You are:

  • A self-starter who is detail oriented, inquisitive, and analytical. Someone with strong verbal communication skills and the ability to connect with both actuaries and non-actuaries. A team player and problem solver.

You have:

  • Strong analytical skills, ability to identify problems and find solutions, ability to confidently overcome obstacles, ability to trace through results in order to identify errors
  • Aptitude for financial math
  • Demonstrated programming expertise with modern programming languages. Python would be a plus.
  • Preferred 2-3 years of experience in an operational and/or analytical capacity.
  • Preferred life insurance industry experience.
  • Experience or willingness to promptly learn APL Win and use SAS.  Familiarity with Amazon Workspace (AWS) database and MySQL is a plus.
  • Strong Microsoft Office Skills, especially Excel (including Macros)
  • Bachelor’s Degree in Math, Programing, Statistics or related field is required

You will:

  • Work with ‘Rates and Values’ SMEs with long term goal of becoming one of the dividend implementation successors. Update and modernize dividend implementation systems as the need arises. Write technical specs for annual dividend scale implementation.  Maintain the Dividend Formula Book annually. Research the impact of certain dividend scale actions. Maintain or enhance the dividend liability system. Address policy values and Product and Dividend related calculation questions.
  • Work with Life Pricing and the Product Implementation Team (PIT) to implement new Whole Life and Term products in our Admin systems. Be responsible for any supporting rate and factor file creation or calculation engines that are necessary.
  • Work with business and technical staff across the Life Insurance Organization to develop and design solutions for various innovative features (such as new dividend options or new riders)
  • Support testing of modifications to complex calculations in the various Admin, Illustration and Issue systems, including stand-up of new systems
  • Work to maintain and replace the Legacy systems

Reporting Relationships:

As a Senior Actuarial Support Specialist, you will report to our Actuarial Support Manager, who reports to the Head of Actuarial Support.

Location and Work Arrangement:

  • The work arrangement will be hybrid, with three days per week in Guardian's NYC Home Office at Hudson Yards.

Travel:

  • No travel required for this position

Salary Range:

$80,940.00 - $132,975.00

The salary range reflected above is a good faith estimate of base pay for the primary location of the position. The salary for this position ultimately will be determined based on the education, experience, knowledge, and abilities of the successful candidate. In addition to salary, this role may also be eligible for annual, sales, or other incentive compensation.

Our Promise

At Guardian, you’ll have the support and flexibility to achieve your professional and personal goals.  Through skill-building, leadership development and philanthropic opportunities, we provide opportunities to build communities and grow your career, surrounded by diverse colleagues with high ethical standards.

Inspire Well-Being

As part of Guardian’s Purpose – to inspire well-being – we are committed to offering contemporary, supportive, flexible, and inclusive benefits and resources to our colleagues. Explore our company benefits at www.guardianlife.com/careers/corporate/benefits. Benefits apply to full-time eligible employees. Interns are not eligible for most Company benefits.

Equal Employment Opportunity

Guardian is an equal opportunity employer. All qualified applicants will be considered for employment without regard to age, race, color, creed, religion, sex, affectional or sexual orientation, national origin, ancestry, marital status, disability, military or veteran status, or any other classification protected by applicable law.

Accommodations

Guardian is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. Guardian also provides reasonable accommodations to qualified job applicants (and employees) to accommodate the individual's known limitations related to pregnancy, childbirth, or related medical conditions, unless doing so would create an undue hardship. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact [email protected].

Current Guardian Colleagues: Please apply through the internal Jobs Hub in Workday.

Top Skills

Amazon Workspace
Apl Win
Excel
MS Office
MySQL
Python
SAS
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The Company
HQ: New York, NY
8,709 Employees
On-site Workplace
Year Founded: 1860

What We Do

Who we are

Guardian makes a difference in the lives of people when they need us most. With over 160 years of stability and fiscal integrity, we are a trusted resource to generations of families and business owners, inspiring well-being and helping build financial confidence.

Today, we stand behind 29 million consumers, helping them prepare and plan for a bright future for themselves and their families. We help business owners care for their employees. And we help people recover and thrive in times of unexpected loss.

As a modern mutual insurance company, we believe in driving value beyond dividends. We invest in our colleagues and are building a progressive, innovative and inclusive culture. We uplift individuals and communities through thoughtful social and environmental programs.

What we stand for

In 1860, a community of immigrants joined together to insure and protect their businesses and families. They were guided by powerful ideals that we’ve continued to stand behind and evolved throughout the years: we do the right thing, we believe people count, we courageously shape the future together, and we go above and beyond for the people we serve.

Guardian employees embrace and live by these values every day. They remind us to put people at the heart of all we do so that we can help protect what matters most to you. Want to help bring these values to life? Join us for a rewarding career and the opportunity to shape the future.

Disclosures:
Financial information concerning Guardian as of December 31, 2022, on a statutory basis: Admitted assets = $76.0 billion; liabilities = $67.2 billion (including $55.0 billion of reserves); and surplus = $8.8 billion. Dividends are not guaranteed. They are declared annually by Guardian’s Board of Directors.
Guardian® is a registered trademark of The Guardian Life Insurance Company of America. © Copyright 2023 The Guardian Life Insurance Company of America 2023-156184 Exp. 5/25

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