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Actuarial Fellow jobs in Alabama

Actuarial Fellow utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuarial Fellow assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuarial Fellow applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Requires Fellow of Society of Actuaries (FSA). Typically reports to a manager. To be an Actuarial Fellow typically requires 12+ years of related experience. Achievement and depth of knowledge of specialization or field is the main differentiator. Advisory role on complex and challenging projects and initiatives. Recognized for deep technical and industry knowledge and innovative thinking. Provides thought leadership and guidance to a functional area and the organization. (Copyright 2024 Salary.com)

Recently Added Actuarial Fellow jobs

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Actuarial Assistant
  • Protective Life Corporation
  • Birmingham, AL FULL_TIME
  • The work we do has an impact on millions of lives, and you can be a part of it.
    We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.

    Protective Life Corporation was founded 1907 in Birmingham, AL and offers a broad range of life, specialty insurance and investment products. We are a company supported by values. Our growth and success can be largely attributed to our ongoing dedication to serving people and doing the right thing… for our employees, for our distributors, for the communities in which we operate and most importantly, for our customers.

    We are currently seeking actuarial talent to join a team of actuaries and analysts that provides pricing, product development, financial reporting, modeling and actuarial analysis for Protective Life. This position will interact with other teams within the actuarial department, both through daily work, and through an active rotation program allowing students to rotate every 2-3 years. Through rotation, the candidate can have exposure to a full range of life and annuity products.

    Depending on initial placement in the Actuarial Rotation Program, job duties may include:

    • Statutory, GAAP and Tax Valuation of life and annuity products using Polysystems software
    • Projections of future earnings and capital using Polysystems software
    • Quarterly financial reporting for life and annuity products
    • Analysis and verification of results, including performing controls and appropriate documentation
    • Integration support for company acquisitions
    • Support Polysystems software maintenance, including analyzing impact of changes
    • Develop new reporting / analysis tools as necessary
    • Collaborate with other actuarial team on cross-functional projects
    • Utilize existing and create new analysis/reports, taking advantage of latest technology.
    • Modeling and analysis of product cash flows and associated risks to support regulatory requirements and strategic business needs.
    • Support the development of innovative customer-focused offerings in accord with the company's financial goals and risk appetite.
    • Presenting findings to Pricing Leads in a manner that helps drive business decisions.
    • Partnering with the Competitive Intel team in analyzing pricing risks & opportunities.
    • Ensuring suitable documentation of results and processes.
    • Assist in the creation of meeting documents for senior governance committees.
    • Active participation in the actuarial student program, with an ongoing focus on self-development.

    Qualifications:

    • BA/BS Degree in Actuarial Science, Mathematics, Statistics and/or related major.
    • Strong work ethic and drive.
    • Completion of at least two actuarial exams.
    • Strong spreadsheet and technical skills (i.e. programming / coding).
    • Ability to interact professionally and effectively in a team environment.
    • Ability to manage concurrent deadlines and multiple priorities.

    Preferred Qualifications:

    • Experience working in an actuarial or insurance function (e.g. internship or job experience)
    • Experience using actuarial pricing software (MG-ALFA preferred) and/or Polysystems
    • Technical experience with SQL, VBA macros, programming languages
      • The qualities that we are looking for in a candidate include:
    • Team-oriented
    • Self-motivated
    • Analytical & inquisitive
    • Accountable and results-oriented
    • Ability to work independently
    • Excellent communication skills
    • Leadership potential
    Employee Benefits:
    We aim to protect our employees' wellbeing through a broad benefits offering. For example, we protect physical wellbeing through health, dental and vision insurance. We protect mental wellbeing through mental health benefits and an employee assistance program. We protect time away from work with a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). We protect financial wellbeing through contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.
    Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.

    Diversity and Inclusion    :
    At Protective, we are committed to providing an inclusive culture where all employees are able to fully contribute and thrive. Our goal is to grow and develop our people, attract diverse talent and support strong, diverse communities.

    We support diversity, equity, and inclusion by working to develop a culture of inclusion and belonging led by leaders who develop potential and embrace unique skills and abilities. Our aim is to create an equitable and accountable environment for all leaders and employees that will drive performance and impact business strategy. In this way, we can increase overall diversity for leadership roles and pipelines of talent by maturing our hiring practices, robust development opportunities and focus on retention of key talent.

    We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing the talents of a diverse and inclusive workforce.
  • 1 Month Ago
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Actuarial Analyst
  • Alfa Insurance Corporate Careers
  • Montgomery, AL FULL_TIME
  • Company Overview Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of automobile, home, life, farm and business insurance products. Alfa is known for its superior customer...
  • 22 Days Ago
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Actuarial Assistant (Hybrid)
  • Protective
  • Birmingham, AL FULL_TIME
  • The work we do has an impact on millions of lives, and you can be a part of it.We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be he...
  • 28 Days Ago
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Junior Life Actuarial Analyst
  • Alfa Insurance Corporate Careers
  • Montgomery, AL FULL_TIME
  • Benefits: Onsite Fitness Center Onsite Daycare Onsite Cafeteria Dental insurance Employee discounts Health insurance Paid time off Savings bank Vision insurance Company Overview Alfa Insurance® is an ...
  • 29 Days Ago
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Senior Director, Actuarial (Remote)
  • Protective
  • Birmingham, AL FULL_TIME
  • The work we do has an impact on millions of lives, and you can be a part of it.We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be he...
  • 30 Days Ago
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Postdoctoral Fellow
  • Auburn
  • Auburn, AL FULL_TIME
  • Posting Details Position Information Job Title Postdoctoral Fellow Posting Number P0857F Position Summary Information Job Description Summary The Auburn University Interdisciplinary Center for Advance...
  • 11 Days Ago
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Actuarial Fellow jobs at Popular Companies

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Research Fellow
  • Touro University
  • Valhalla, NY
  • This is a research fellow (post-doctoral level) position involving scientific investigation in an NIH-funded lab within ...
  • 4/19/2024 12:00:00 AM
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Postdoctoral Fellow
  • Loyola Marymount University
  • Los Angeles, CA
  • AVAILABLE to start Fellowship on August 5, 2024. This 9-month + 2-week Post-Doctoral Residency is designed to meet the l...
  • 4/19/2024 12:00:00 AM
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Venture Fellow
  • Fidelity TalentSource LLC
  • Boston, MA
  • Venture Fellow Fine Structure Ventures, a venture fund affiliated with FMR Corp, the parent company of Fidelity Investme...
  • 4/19/2024 12:00:00 AM
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Postdoctoral Fellow
  • Miami University
  • Oxford, OH
  • Postdoctoral Fellow Job no: 502017 Department: Chemical, Paper & Biomedical Engineering Location: Oxford, OH Work type: ...
  • 4/18/2024 12:00:00 AM
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Fellow
  • Community Foundation of Northwest Indiana
  • Munster, IN
  • Respiratory Fellow Education Assistance Program. Offering up to $6400 tuition assistance to currently enrolled Respirato...
  • 4/16/2024 12:00:00 AM
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RN Fellow
  • Ascension
  • Waco, TX
  • Details Sign-on bonus: 5,000 Department: Cardiovascular Unit Unit Schedule: Full Time Rotating Hospital: Ascension Provi...
  • 4/15/2024 12:00:00 AM
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RN Fellow
  • Ascension
  • Waco, TX
  • Details Sign-on bonus: 5,000 Department: Ortho Neuro Nursing Unit Schedule: Full Time Rotating Hospital: Ascension Provi...
  • 4/15/2024 12:00:00 AM
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Fellow
  • Advanced Research Projects Agency-Energy (ARPA-E)
  • Washington, DC
  • POSITION DESCRIPTION: ARPA-E is looking for the next generation of scientists and engineers to help direct the future of...
  • 4/15/2024 12:00:00 AM
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About Alabama

Alabama (/ˌæləˈbæmə/) is a state in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama is the 30th largest by area and the 24th-most populous of the U.S. states. With a total of 1,500 miles (2,400 km) of inland waterways, Alabama has among the most of any state. Alabama is nicknamed the Yellowhammer State, after the state bird. Alabama is also known as the "Heart of Dixie" and the "Cotton State". The state tree is the longleaf pine, and the state flower is...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Fellow jobs
$167,476 to $216,989

Most Popular Cities in Alabama for Actuarial Fellow Jobs

What does an Actuarial Fellow do?

Actuarial Fellow in Boca Raton, FL
The Actuaries Institute is committed to promoting the actuarial profession and is recognised as a source of authoritative, professional and independent comment for the financial services sector and non-traditional areas such as health, environment, climate change, genetics and information technology.
January 07, 2020
Actuarial Fellow in Salt Lake City, UT
Actuarial employers have fed back to us that there will always be a demand for the high levels of specialism demonstrated by our Fellows; particularly in established areas of actuarial employment such as pensions and insurance.  However, they also need a more flexible qualification framework, which ensures that their employees are working to the level that is needed for the roles that they are undertaking.
January 18, 2020
Actuarial Fellow in High Point, NC
This proposal will also align the IFoA with the international market where an increasingly large proportion of our members operate, and will become the formal initial qualification for fully qualified actuaries who will possess 'core actuarial competencies'.
February 11, 2020