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Actuarial Assistant

Location: 

New Haven, CT, US, 06510

Category:  Finance, Data & Analytics

Feel Good About Doing Good

The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years.

 

While we have many employees who are not Catholic, we follow the Church’s teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and pregnancy resource centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East.  We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world.

 

Share Your Talent. Live Your Purpose.

We are a growing and purpose-driven community of professionals. Join us to discover how you can meet your goals and ours!

Overview

Assists with a variety of actuarial tasks including financial reporting, experience studies (e.g., mortality, lapse, etc.), product development, policy illustrations and various policy values calculations (i.e., cash values, reserves, dividends and premiums). This position is subject to the provisions outlined in the “Actuarial Student Program Manual” for employees in an Exam-Track position.

Core Responsibilities

  • Pricing new and in-force insurance products (e.g. develops premiums, dividend scales, reserves and non-forfeiture values for new and existing plans of insurance).
  • Performs actuarial research, experience studies, statistical analysis and calculations. Provides support to policyholders, including performing policy calculations, answering questions and communicating information. Provides manual calculation support to the administrative system.
  • Assists in preparing actuarial filing materials for new product filings and annual certifications required by regulators.
  • Uses modeling software to assess risk and provide management information in support of product development, valuation, and ALM efforts.
  • IF ON EXAM TRACK: Prepares and sits for actuarial exams. Passes exams to meet minimum Program requirements for exam progress.

Skills Qualifications

Required:
  • Knowledge of insurance industry
  • Foundational background in Actuarial principles
  • Ability to quickly learn new concepts and apply that knowledge to solve problems
  • Strong communication skills and business judgment Preferred:
  • Experience with life, annuity, and/or health insurance products preferred
  • At or near ASA designation preferred Systems/Technical Knowledge:
  • Microsoft Office, including Word, Excel, Access and PowerPoint
  • Computer programming skills
  • Experience with Excel macros/VBA programming, and SQL preferred
  • Actuarial modeling software skills. Experience with GGY AXIS preferred
  • Experience with life insurance administration and illustration platforms

Education

  • BA or BS degree in Actuarial Science, Statistics, Mathematics, Economics, Finance, or similar degree
  • 3+ years of related responsible actuarial and insurance industry experience or equivalent combination of training and experience
  • 4+ actuarial exams passed if on the exam track, including life contingencies

Physical Demands

Must be able to remain in a stationary position for a majority of the workday.

KofC Cares

Our mission is focused on family and faith, and we support our employees in seeking a balanced life.

 

Employee benefits include:

 

Time Away: 13 paid holidays per year in addition to vacation and paid sick leave, and flexible workweek schedules.

 

Professional Development: Certifications, designation, and tuition reimbursement.

 

Retirement Benefits: 401(k) retirement savings plan with matching company contributions, and cash balance retirement plans fully funded by the company.

 

Health and Wellness:

 

  • Short-term disability and term life insurance fully paid for by the company;
  • Up to 12 weeks of childbirth leave under STD policy.
  • One week of fully paid parental leave for all new parents, including adoptive and foster parents.
  • A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions. The Order's health plans do not cover abortion, sterilization, or contraception, and the Order has helped advocate for other employers who do not want to provide coverage.
  • Long-term disability insurance;
  • Dental insurance;
  • Vision insurance;
  • Health club membership reimbursement;
  • Employee Assistance Program

 


Nearest Major Market: New Haven
Nearest Secondary Market: Hartford