With supervision, the Actuarial Student plays a key role in supporting actuarial valuations, financial reporting, and risk assessment for Group Employee Benefit lines of businesses.
Duties and Responsibilities:
- Assist in the calculation and analysis of reserves for Group lines of businesses, ensuring compliance with regulatory and accounting standards (e.g., GAAP, IFRS, Statutory)
- Prepare financial reports, exhibits, and documentation for internal and external stakeholders, including regulators and auditors
- Assist senior actuaries with key assumption analysis and assumption setting process
- Develop and maintain actuarial models used for valuation and forecasting
- Assist in developing and testing new loss reserving techniques to improve accuracy and efficiency in actuarial processes
- Monitor emerging industry trends and regulatory changes that may impact valuation assumptions and methodologies
- Work closely with cross-functional teams including Financial Planning & Analysis, and pricing actuaries to provide valuation insights and recommendations
- Continuous progress on actuarial exams.
- All other duties as assigned.
Required Knowledge, Skills, Abilities, and/or Related Experience:
- Relevant Bachelor's Degree required, preferably in Mathematics, Statistics, Actuarial Science or other programs focused on quantitative analysis required.
- Completion of 1-3 Society of Actuaries exams.
- Skilled in spreadsheet and database software usage.
- Ability to consolidate large amounts of data to help identify key findings.
- Good verbal and written communication skills.
- Must be able to read and interpret complex charts and statistics from printed sources.
The expected hiring range for this position is $69,890.00 - $93,300.00 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 - new hires start with at least 20 days of PTO per year in addition to nine company paid holidays. As you grow with us, your PTO may increase based on your level within the company and years of service.
- 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.
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