Associate Actuary - Valuation Actuarial
Security Benefit, Overland Park, KS, United States
We’re Looking for an experienced Associate Actuary!
About the Company
Security Benefit is a leader in the U.S. retirement market with more than $60 billion in assets under management. We offer opportunities to thrive, innovate, and make an impact. As part of our team, you’ll play a key role in driving the future of the U.S. retirement industry. Security Benefit is a
PLACE
where we promise to help our customers To and Through Retirement®.
We’re proud to have been recognized as one of the best in the business:
Named to Ward’s 50 list of top-performing life-health insurance companies
Recognized on list of Ingram’s Top 100 Private Companies in the Kansas City area in 2024
About the Role The Associate Actuary provides actuarial analysis and technical skills in support of fulfilling the strategic objectives for the Valuation Actuarial Department within Security Benefit Life Insurance Company. The associate contributes to the management and financial success of life, annuity and retirement products by performing Statutory modeling, attribution analysis, analyzing in-force business, and performing model testing duties. Candidates must possess strong programming, financial and analytical skills and be able to successfully work with the Model Development, Planning, Pricing, and ERM Departments in support of a variety of actuarial initiatives.
This position reports to the AVP & Actuary, and will be based out of our home office in Topeka, Kansas, or our Overland Park, Kansas office. We work a hybrid schedule, offering flexibility to work both remotely and on-site.
Perform mathematical and financial calculations
Asset Adequacy Testing and VM-21 modeling, and Statutory modeling
Support preparation of actuarial memorandum, exhibits and reports
Interpret and analyze model results from actuarial software systems
Test model enhancements, including regression and unit testing
Perform other tasks as assigned
What We’re Looking For
Bachelor’s degree with major or minor in Actuarial Science or Mathematics
Associate or Fellow of Society of Actuaries credential
Minimum five years of actuarial experience
Annuity (FIA, VA, FA) Statutory Modeling experience preferred
Experience with actuarial modeling software preferred; using Prophet a plus
Strong computer skills including Excel and actuarial software
Strong programming / scripting skills including VBA, SQL, or Python preferred
Good written and verbal communication skills
Strong problem solving, analytical and decision-making skills
Strong initiative and ability to work independently
Why Choose Security Benefit? When you join our team, you’re not just getting a paycheck — you’re getting a career path full of growth opportunities, plus a robust benefits package that puts your well‑being first. Here’s what you can expect as a full‑time Security Benefit associate:
Competitive salary and annual incentive bonuses to reward your contributions.
33 days of paid time off (including PTO, holidays, Volunteer Day, and days of significance).
Paid parental leave after 90 days of service.
Comprehensive medical, dental & vision insurance.
401(k) with company match, plus Profit Sharing & Savings Plan.
Short- and Long-Term Disability Insurance to give you peace of mind.
Flexible Spending Accounts for medical and dependent care.
Life Insurance to protect your loved ones.
Educational assistance to support your career development.
Associate assistance programs for your personal and professional well‑being.
Ready to Make an Impact? Apply today by visiting our career page to submit your resume. We’re excited to meet you!
Security Benefit is an Equal Opportunity Employer.
#J-18808-Ljbffr
PLACE
where we promise to help our customers To and Through Retirement®.
We’re proud to have been recognized as one of the best in the business:
Named to Ward’s 50 list of top-performing life-health insurance companies
Recognized on list of Ingram’s Top 100 Private Companies in the Kansas City area in 2024
About the Role The Associate Actuary provides actuarial analysis and technical skills in support of fulfilling the strategic objectives for the Valuation Actuarial Department within Security Benefit Life Insurance Company. The associate contributes to the management and financial success of life, annuity and retirement products by performing Statutory modeling, attribution analysis, analyzing in-force business, and performing model testing duties. Candidates must possess strong programming, financial and analytical skills and be able to successfully work with the Model Development, Planning, Pricing, and ERM Departments in support of a variety of actuarial initiatives.
This position reports to the AVP & Actuary, and will be based out of our home office in Topeka, Kansas, or our Overland Park, Kansas office. We work a hybrid schedule, offering flexibility to work both remotely and on-site.
Perform mathematical and financial calculations
Asset Adequacy Testing and VM-21 modeling, and Statutory modeling
Support preparation of actuarial memorandum, exhibits and reports
Interpret and analyze model results from actuarial software systems
Test model enhancements, including regression and unit testing
Perform other tasks as assigned
What We’re Looking For
Bachelor’s degree with major or minor in Actuarial Science or Mathematics
Associate or Fellow of Society of Actuaries credential
Minimum five years of actuarial experience
Annuity (FIA, VA, FA) Statutory Modeling experience preferred
Experience with actuarial modeling software preferred; using Prophet a plus
Strong computer skills including Excel and actuarial software
Strong programming / scripting skills including VBA, SQL, or Python preferred
Good written and verbal communication skills
Strong problem solving, analytical and decision-making skills
Strong initiative and ability to work independently
Why Choose Security Benefit? When you join our team, you’re not just getting a paycheck — you’re getting a career path full of growth opportunities, plus a robust benefits package that puts your well‑being first. Here’s what you can expect as a full‑time Security Benefit associate:
Competitive salary and annual incentive bonuses to reward your contributions.
33 days of paid time off (including PTO, holidays, Volunteer Day, and days of significance).
Paid parental leave after 90 days of service.
Comprehensive medical, dental & vision insurance.
401(k) with company match, plus Profit Sharing & Savings Plan.
Short- and Long-Term Disability Insurance to give you peace of mind.
Flexible Spending Accounts for medical and dependent care.
Life Insurance to protect your loved ones.
Educational assistance to support your career development.
Associate assistance programs for your personal and professional well‑being.
Ready to Make an Impact? Apply today by visiting our career page to submit your resume. We’re excited to meet you!
Security Benefit is an Equal Opportunity Employer.
#J-18808-Ljbffr