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Securian Financial Group, Inc.

Securian Financial Group, Inc.

Actuarial Risk Consultant

Actuarial Risk Consultant

Job Details
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Uploaded On
January 27, 2024
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Location
Saint Paul, United States
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Remote?
No
Company Overview
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Headquarters
Saint Paul, MN
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Number of Employees
3700
Estimated Number of Actuaries
123
Salary
$
k-$
k
Glassdoor Ratings
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Recommend to a Friend
62%
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Overall Score
3.5
Summary:

This Actuarial Consultant position is a highly visible role as part of the ERM Actuarial Team. This is an excellent opportunity to broaden your skillset to all aspects of our Enterprise Risk Management program. In this role, you will be part of a collaborative team with the opportunity to serve on enterprise governance committees and initiatives, support ALM strategy, and drive enhancements to our overall enterprise risk framework.

Responsibilities include:

ALM Governance and Risk Management
  • Oversee Securian's liability-based investment portfolios, establishing appropriate risk tolerances and effective ALM
  • Own ALM-related risk frameworks (liquidity, credit, and interest rate risk), being accountable stress testing methodologies, explanation of results, and recommendations for management actions
  • Engage with ALM Group, presenting and generating topics as needed, and carrying out policies set forth by the group
  • Provide thought leadership to ALM reporting, assumption-setting, and financial projections
  • Lead cross-functional projects to enhance ALM risk frameworks


Strategic Asset Allocation and General Account Strategy
  • Support annual Strategic Asset Allocation process, including oversight of risk/return quantification, balance sheet projections, and engagement with stakeholders
  • Collaborate with Solutions Groups on strategic ALM initiatives to drive growth and profitability of products within risk appetite
  • Partner with Securian Asset Management on General Account strategy, leading risk analysis and facilitating appropriate governance and monitoring for new asset strategies
  • Lead education and engagement efforts to ensure strong ALM risk culture and awareness


ERM Governance and enterprise initiatives
  • Provide leadership on enterprise committees/governance groups, where appropriate
  • Aid in preparation and present as needed to executive risk committees (FRC, Risk Council, etc.)
  • Serve as ERM representative on enterprise projects
  • Contribute expertise to ERM initiatives including ORSA, Embedded Value, and capital management


Qualifications:

Strong analytical and problem-solving skills along with curiosity and initiative necessary to analyze product designs, risk, and other project results
  • ASA designation with ability to complete FSA
  • Strong analytical and problem-solving skills along with curiosity and initiative necessary to analyze product designs, risk, and other project results
  • Solid technical aptitude with the ability to learn and use a variety of tools
  • Written, oral and interpersonal communication skills to effectively interact with management, actuarial, underwriting and distribution associates
  • Self-motivated and flexible; ability to work independently and as part of a team


Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. If you're in a commutable distance (90 minutes) you'll join us 2-3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules. When working in our offices at least two days per week isn't feasible (vacations, illness, travel, etc.), an eight day per month standard is an option.

Physical Job Requirements:
  • Ability to utilize keyboard, mouse and computer for up to 8 hours per day
  • Ability to utilize telephone for 2-4 hours per day.


The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of jobs.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job - it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:
  • We want you to take time off for what matters most to you. During your first year of hire, you receive a prorated bank of personal days and vacation time depending on your month of hire.
  • Leave programs: Securian's flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.


Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian's 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members - including spouses, domestic partners and children - are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

  • Mental Wellness and Disability
  • Pride at Securian Financial
  • Securian Young Professionals Network
  • Securian Multicultural Network
  • Securian Women and Allies Network
  • Servicemember Associate Resource Group


For more information regarding Securian's benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at Employment@Securian.com, by telephone 651-655-5522 (voice), or 711 (Relay/TTY).

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Working at 

Securian Financial Group, Inc.

Securian Financial Group, Inc. is a leading financial services company that provides insurance, investment, and retirement solutions to individuals and businesses. With a history spanning over 140 years, Securian Financial has built a strong reputation for its commitment to customer-centric services and financial security. As an actuary at Securian Financial, you'll be part of a talented team that plays a critical role in assessing and managing risks. Actuaries at Securian Financial utilize their expertise in statistical modeling, data analysis, and financial forecasting to ensure the financial stability and integrity of the company's products and services. Collaborating with cross-functional teams, actuaries at Securian Financial contribute to the development of innovative insurance and investment solutions. Actuaries analyze data, evaluate risks, and provide valuable insights that support informed decision-making and help clients achieve their financial goals. Securian Financial values professional growth and provides actuaries with ongoing training and development opportunities. Actuaries can enhance their skills, stay at the forefront of industry advancements, and shape the future of financial services. Join Securian Financial's esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a meaningful impact on clients' financial security, and enjoy competitive benefits in a supportive and collaborative work environment.