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American National Insurance Company

American National Insurance Company

Associate Actuary II, Pension Risk Transfer

Associate Actuary II, Pension Risk Transfer

Job Details
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Uploaded On
July 18, 2023
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Location
Galveston, United States
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Remote?
No
Company Overview
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Headquarters
Galveston, TX
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Number of Employees
Estimated Number of Actuaries
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
52%
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Overall Score
3.3 / 5
[ American National is an established, stable, and successful multi-line insurance corporation that has provided financial strength and a sense of security to employees, customers and business partners since 1905. We've been recognized by Forbes as one of America's most trustworthy financial companies and best mid-sized employers. With focus on our organization's values and cultural richness: Financial Strength, Integrity, Respect, Service and Teamwork (FIRST) and Agility, Collaboration, and Engagement (ACE) we continue to pursue our vision to be a leading provider of financial products and services for current and future generations.

What's in it for you?

American National supports a comfortable, diverse, and inclusive work environment, following a casual dress code and focus on healthy work-life balance. We understand that comprehensive benefits are important which is why we offer a generous package that includes: medical, dental, vision, short and long-term disability, life insurance, flexible spending accounts, matching 401(k), paid time off, paid holidays, tuition reimbursement, health-wellness initiatives, and a volunteer program where employees are provided PTO for giving their time to a charity of choice, and referral bonuses! We also offer a comprehensive wellness program that includes onsite fitness centers and classes or discounted gym memberships, free health screenings, free flu shots, and more.

Job Posting

Are you resourceful and motivated with an entrepreneurial mindset? Are you able to manage multiple tasks and thrive when dealing with ambiguity? We are looking for an Associate Actuary II to demonstrate sufficient progress in understanding and applying basic actuarial principals, to join our Pension Risk Transfer Pricing team.

In this role you will support the company's PRT objectives by contributing to the pricing strategy of the business to ensure the successful launch of the platform, and the achievement of sales and profitability targets. You will also assist with building out the PRT department and providing leadership to more junior members of the team.

Responsibilities include improving the processes used to perform and communicate complex actuarial analyses such as actuarial exhibits, pricing, reserving, financial planning, modeling, other data analyses, and other tasks as assigned, and mentoring the US PRT pricing team.

What you'll do:

Applies fundamental actuarial principles to effectively:
Prepare and/or review Group Annuity Quotes with minimal guidance
Analyze data and longevity risk for bids and related analysis to refine the company's longevity underwriting and support valuation
Support risk assessment with analysis of sensitivities and stress tests
Analyze annuitant behavioral experience to support ongoing refinement of liability models
Stays updated on evolving standards that impact the business including LDTI, PBR, and government regulation
Completes processes and improves methods for performing and documenting actuarial analyses promptly and accurately
Trains less experienced analysts with spreadsheets, databases, and sources of data used in actuarial analyses

Qualifications:

A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
Knowledge of Group Annuities and/or Pensions
Strong verbal and written communication skills
Associate of the Society of Actuaries (ASA) attainment
At least six years of actuarial analysis and a track record of performance

Preferred Experience:

Python experience
GGY Axis experience
Experience in Pension Risk Transfer or Pensions

Disclaimer

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

EEO/ADA Statement

American National Insurance Company is committed to compliance with the ADA. If you require reasonable accommodation during the application process or have a question regarding essential job function, please contact a member of the HR team.
Salary for this position can range from $109,375.50 for candidates who are minimally qualified through $164,053 for more highly qualified candidates. Candidates outside of the range are encouraged to apply, and will be considered based on experience, skill and education.

Hiring Practices

The preceding job posting was designed to indicate the general nature and level of work performed by employees assigned to this position. It is not intended to be interpreted as a comprehensive list of all duties, responsibilities, and qualifications. We are dedicated to building a diverse, inclusive, and authentic workplace, so if you're excited about this role, but your past experience doesn't align perfectly with the job qualifications, we still encourage you to apply. You may be just the right candidate for this position or other opportunities at American National.

American National's recruitment policies help us place individuals in a timely and efficient manner. Only the most qualified candidates will be contacted by our recruiting team. Candidates may check the status of their application(s) by logging into our Career Portal.

Learn more about our company, by following us on social media: LinkedIn, Facebook, Instagram, Twitter: @CareerswithAN

American National is an equal opportunity employer, committed to enhancing a diverse and inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

Hiring Manager: Kevin J Cassidy

Recruiter: Ashley B Villarreal

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JOIN OUR TALENT COMMUNITY

"If you believe you can make a difference in the lives of our clients, if you're willing to work hard, if you want a fulfilling career, and if your values match ours, then I want you to work for American National. " - James Pozzi, Former President and CEO. ]
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Working at 

American National Insurance Company

American National Insurance Company is a prominent provider of insurance and financial services with a legacy spanning over a century. As a well-established industry leader, American National offers a wide range of insurance products, including life, property and casualty, and health insurance. Actuaries at American National Insurance Company play a vital role in evaluating and managing risks. They utilize their expertise in advanced statistical models and data analysis to assess risks, develop pricing strategies, and ensure the financial stability of the company's insurance offerings. With a diverse portfolio of insurance products and a customer-centric approach, American National provides actuaries with a dynamic and rewarding work environment. Actuaries collaborate with cross-functional teams, analyze data, and provide insights that inform strategic decision-making. Professional growth is highly valued at American National Insurance Company, and actuaries have access to ongoing training and development opportunities. Actuaries can enhance their skills, stay abreast of industry advancements, and contribute to the company's success. Join American National Insurance Company's esteemed actuarial team and embark on a fulfilling career where you can make a meaningful impact on protecting individuals and businesses. Enjoy competitive benefits, a supportive work environment, and the opportunity to shape the future of the insurance industry.