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Actuarial Fellow jobs in Kansas

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 Analyst I
  • Armed Forces Insurance
  • Leavenworth, KS FULL_TIME
  • Actuarial Analyst I - Pricing
    Starting salary $59,966-$69,960, Depending on Experience
    This start date for this position is Spring of 2024.

    Our Company:

    Since 1887, Armed Forces Insurance (AFI) has existed with a single, unwavering purpose: To protect the people who protect our nation. For more than 135 years, we’ve provided home insurance, renter insurance and auto insurance and much more to our members. We proudly serve active, retired and former military personnel, their families and civilian Department of Defense employees.

    AFI is a family friendly organization offering competitive compensation, an outstanding work environment and great benefits. AFI is headquartered in Leavenworth, Kansas approximately 20 minutes from the Legends.

    SUMMARY
    This is an entry level actuarial analyst position on the Pricing team. This person supports pricing of personal lines insurance using accepted actuarial standards, methods, and knowledge gained through the Casualty Actuarial Society exam process. He/She works closely with their manager to develop appropriate pricing, planning and product strategies of basic complexity to support business goals.
    KEY ACCOUNTABILITIES
    • Completes basic actuarial functions and analysis used in determining the rate level need for all lines of business.
    • Develops, maintains, and analyzes basic tools and models for review of AFI and industry products and rate structures including review and evaluation of the appropriateness of basic actuarial formulae.
    • Completes assigned rate reviews, product reviews and statistical requirements in an accurate and timely manner to assure regulatory compliance and adherence to standard actuarial practices.
    • Performs and evaluates basic analysis (e.g., competitor analysis, risk management, financial, business strategy, retention, etc.).
    • Adheres to internal and external compliance requirements/standards including actuarial and regulatory/legislative practices.
    • Actively participates in actuarial development within the department.
    • Forecasts and communicates short-term and long-term project deliverables and status with assistance.
    ESSENTIAL FUNCTIONS
    • Develops, uses, and maintains internally developed and vendor provided software applications to analyze and develop rate proposals.
    • Develops and maintains effective working relationships within the unit and with other AFI departments. Coordinates efforts with other units to support accomplishment of organizational goals and objectives.
    • Provides guidance relative to AFI pricing strategies, internal policies and methods.
    • Assists in guiding the development of unit employees. Directs technical instruction relative to rate structure analysis (AFI and competitors), form and filing completion. applicable query software, research techniques, and statistical reporting and documentation requirements.
    • Performs or assists in basic actuarial analysis (e.g. competitor analysis, risk management, business strategy, retention, predictive modeling).
    QUALIFICATIONS
    EDUCATION
    Bachelors Degree required – preferably in a relevant discipline such as Mathematics, Statistics, Actuarial Science, Economics, Engineering, Computer Science or other directly relevant discipline
    EXPERIENCE
    Entry-level position, prefer one or more internships in a property/casualty insurance company. Actuarial examination or education may substitute for work experience.
    LANGUAGE SKILLS
    Excellent verbal communications skills, to include the ability to conduct efficient unit meetings and/or training sessions
    Excellent written communications skills, to include the ability to the ability to produce well-documented recommendations for management, policy and procedure statements, and correspondence with external professional contacts (regulators, other insurance company staff, etc.)
    Working knowledge of MS Outlook and Word
    Working knowledge of MS Excel, Access and SQL Server
    Ability to learn mapping software (e.g. MapInfo, MapMarker, SpatialKey) and loss analysis software (e.g. ReservePro)
    Ability to learn to utilize AFI’s computer systems and complex query tools for data access, manipulation, and segmentation
    MATHEMATICAL SKILLS
    Ability to perform complex mathematical functions which may include statistical and regression analysis, modeling, and variance analysis.
    REASONING ABILITY
    Ability to gather and analyze relevant facts and information needed to determine appropriate actions or recommendations to management
    Demonstrates excellent negotiation skills
    Demonstrates sound judgment and decision-making skills
    Ability to prioritize tasks with only general guidance
    PROFESSIONAL CERTIFICATIONS, LICENSES, REGISTRATIONS
    Entry-level actuarial student pursuing actuarial designation, preferably completion of CAS Exams 1 & 2, and completion of CAS Online Course 1 & 2 within 33 months in the position.
    PHYSICAL DEMANDS / WORK ENVIRONMENT
    The work is primarily sedentary. The employee will generally be seated to perform the work, but will also do some walking, standing, bending, and carrying of light items (less than 10 lbs.).
    The noise level of the work is low. The area is adequately lighted, heated, and ventilated.
    This position is classified as Exempt under the Fair Labor Standards Act. The working hours will generally be traditional business hours. However, the incumbent must be available to work extended and/or flexible hours as necessary to accomplish assigned tasks.
    We’ve got you covered…
    • Full benefits package including health, dental, vision, life & disability insurance including an employee assistance program (EAP)
    • 401(k) including employer match & safe harbor contributions
    • Generous paid time off policy, medical leave, volunteer time off and 9 paid holidays
    • We support employee training and professional development opportunities with a tuition reimbursement program and continuing education and re-certification opportunities
    • Volunteering and community engagement opportunities
  • 17 Days Ago
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Actuarial Consulting Manager
  • Jobs for Humanity
  • Longford, KS FULL_TIME
  • Company DescriptionJobs for Humanity is collaborating with FIS Global to build an inclusive and just employment ecosystem. We support individuals coming from all walks of life. Company Name: FIS Globa...
  • 18 Days Ago
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Actuarial Support Lead Analyst
  • Security Benefit Business Services / Everly Life
  • Topeka, KS FULL_TIME
  • Security Benefit is seeking an Actuarial Support Lead Analyst to join the Business Analytics and Data Analysis team under the Data Organization. This position may be based in Topeka, KS, Overland Park...
  • 24 Days Ago
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Internship - Actuarial Statutory Valuation
  • Security Benefit Business Services / Everly Life
  • Topeka, KS FULL_TIME
  • Security Benefit (SB), a leader in the retirement saving and income solutions market, is seeking an Intern-Actuary to work in the Statutory Valuation Team. This position will work in our home office i...
  • 1 Month Ago
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Post Doc Fellow - Physics
  • University of Kansas Medical Center
  • Kansas City, KS FULL_TIME
  • Department: SOM KC Radiation Oncology ----- Radiation Oncology Position Title: Post Doc Fellow - Physics Job Family Group: Professional Staff Job Description Summary: Postdoctoral scholars at the Univ...
  • 22 Days Ago
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Healthcare Law Fellow
  • University of Kansas Medical Center
  • Kansas City, KS FULL_TIME
  • Department: General Counsel ----- Administrative Support Position Title: Healthcare Law Fellow Job Family Group: Professional Staff Job Description Summary: The Polsinelli Healthcare Law Fellowship wa...
  • 22 Days Ago
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Actuarial Fellow jobs at Popular Companies

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Hand Fellow
  • HealthPartners
  • Saint Paul, MN
  • Job Description @page { size: 8.5in 11in; margin: 1in } p { line-height: 115%; text-align: left; orphans: 2; widows: 2; ...
  • 4/26/2024 12:00:00 AM
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Hand Fellow
  • Regions Hospital
  • Saint Paul, MN
  • Job Description @page { size: 8.5in 11in; margin: 1in } p { line-height: 115%; text-align: left; orphans: 2; widows: 2; ...
  • 4/26/2024 12:00:00 AM
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Teaching Fellow
  • Rye Country Day School
  • Rye, NY
  • Rye Country Day School is seeking a Teaching Fellow beginning August 24, 2023. Rye Country Day School is a coeducational...
  • 4/26/2024 12:00:00 AM
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Toxicology Fellow
  • HealthPartners
  • Saint Paul, MN
  • Job Description @page { size: 8.5in 11in; margin: 1in } p { line-height: 115%; text-align: left; orphans: 2; widows: 2; ...
  • 4/26/2024 12:00:00 AM
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Postdoctoral Fellow
  • University of Kansas Medical Center
  • Kansas City, MO
  • Department: SOM KC Biochemistry * ---- Biochemistry Position Title: Postdoctoral Fellow Job Family Group: Professional S...
  • 4/24/2024 12:00:00 AM
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Fellow
  • Detroit Action, a project of Tides Advocacy
  • Detroit, MI
  • Overview Looking for politically motivated students who are seeking a part-time opportunity to work on the 2024 election...
  • 4/22/2024 12:00:00 AM
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Postdoctoral Fellow
  • The Mind Research Network
  • Albuquerque, NM
  • Overview: A post-doctoral research position is currently available in Dr. Andrew Mayer's laboratory at The Mind Research...
  • 4/22/2024 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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About Kansas

Kansas /ˈkænzəs/ (listen) is a U.S. state in the Midwestern United States. Its capital is Topeka and its largest city is Wichita, with its most populated county being Johnson County. Kansas is bordered by Nebraska on the north; Missouri on the east; Oklahoma on the south; and Colorado on the west. Kansas is named after the Kansa Native American tribe, which inhabited the area. The tribe's name (natively kką:ze) is often said to mean "people of the (south) wind" although this was probably not the term's original meaning. For thousands of years, what is now Kansas was home to numerous and divers...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Fellow jobs
$173,490 to $224,781

Most Popular Cities in Kansas 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