Job Listings

Senior Associate Actuary (Hybrid)

3700 S. Stonebridge Dr., McKinney, Texas
Job number: 15544

Job Description:

Senior Associate Actuary (Hybrid)

Primary Duties & Responsibilities

This position will be a member of the Globe Life Valuation team, developing and maintaining models for valuation and financial reporting for the foreign branch operations of American Income Life (AIL). The position will liaise with the Appointed Actuaries of these branches who are outside the United States (Canada and New Zealand). This position is also expected to be involved in corporate projection activities related to the GAAP guidance and statutory earnings forecasts for use in capital planning and for other corporate purposes. Detailed job responsibilities will include:

  •      As directed by the Senior Director & Managing Actuary, develop and maintain PolySystems and spreadsheet models for IFRS 17 reporting for the Canadian and New Zealand branch operations.
  •      Work cooperatively with Life and Health Pricing, Experience Study, and AIL controller teams to support effective financial reporting for the AIL branches.
  •      Work closely with valuation and controller team to complete quarterly and annual valuation/financial reporting tasks.
  •      Support the corporate guidance projection activities related to GAAP and statutory earnings as well as risk-based capital requirements.

Required Skills

  •      Solid technical actuarial skills required, including valuation fundamentals and methods, and familiar with the Long Duration Target Improvement (LDTI) and the Principle Based Reserving frameworks (PBR).
  •       Understanding of general ledger accounting methods and systems, and experience interacting with financial reporting accountants.
  •       Hands-on IFRS 17 reporting experience is preferred but can also be cultivated through the job.
  •       Experience with actuarial modeling systems is preferred, such as PolySystems, GGY Axis or Prophet.
  •       Strong MS Office (Word, Excel, Access) skills required.
  •       Database (SQL) skills required and programming skills (VB) are a plus.
  •       Ability to work well in team-based environment.
  •       Well-organized, with the ability to handle several projects simultaneously.
  •       Well-developed verbal and written communication skills.

·   

Required Knowledge & Experience

  •        Bachelor’s degree required.
  •        Associate of the Society of Actuaries (A.S.A.) required.
  •        Minimum five years’ experience. 
  •        Working experience in a valuation role would be preferred.

Location: 3700 S. Stonebridge Dr., McKinney, Texas

Savings and Investment Plan (401K) - Eligible employees may begin participating in the plan on the first day of employment.

Pension Plan - Eligible employees who complete one year of service with the Company become participants in the Pension.* (Not available to Cleveland Employees)

Medical - Benefits are available to all eligible employees and qualified dependents the first of the month following 30 days of continuous service.

Dental** and Vision - Eligible employees and qualified dependents are able to enroll the first of the month following 30 days of continuous service.

Flexible Spending Accounts (FSA) - Our FSA has two components, Health Care and Dependent Care Accounts. These accounts allow employees to set aside a portion of their earnings on a pre-tax basis to cover out-of-pocket medical and dependent care expenses. Participation is elected on a calendar year basis and is available to all eligible employees the first of the month following the completion of 30 days of continuous service.

Health Savings Accounts (HSA) - A pre-tax Health Spending Account (HSA) is offered to those who enroll in the High Deductible Plan. It allows you to pay for health care expenses. Participation is elected on a calendar year basis and is available to all eligible employees the first of the month following the completion of 30 days of continuous service. Company contributes to HSA.

Short-Term Disability - Eligible employees may be entitled to salary continuance during periods of temporary disability. Benefits are based on employee status and years of service.*

Group Life and Long-Term Disability** - Eligible employees may elect life insurance and long-term disability coverage the first of the month following 30 days of continuous service.

Vacation and Paid Holidays - Employees are eligible for vacation upon the completion of six months of employment. In addition, the Company offers eight paid holidays.

Education Assistance - The Company supports employees who wish to continue their education to secure increased responsibility and growth within their professional careers. We offer a reimbursement program for expenses incurred through approved institutions of learning. In addition, Fellow, Life Management Institute (FLMI) and International Claim Association (ICA) program courses are offered after the completion of six months of services at no cost to the employee.

Fitness Reimbursement - Eligible employees are able to receive up to 100% reimbursement for monthly dues (employee only).

Supplemental Plans** - Cancer, Heart/Stroke, Accident.

*Please note, some benefits may vary by subsidiary. Please be sure to clarify with the Human Resources Department.
**Company paid benefit

Do I have to apply for every job that I am interested in? - Yes. Though our Talent Acquisition Team searches our database for qualified candidates, the only way to ensure that we know what position is of interest to you is if you apply for it directly.

Now that I've applied, what happens? - You will receive an immediate response from our system. Someone from our Talent Acquisition Team will review your qualifications and skills. If you're a good fit, we'll contact you to conduct an initial interview by phone, followed by assessment testing and an in person interview(s).

How do I get the contact information of the hiring manager for the job I am interested in? - It is our policy not to give contact information to external applicants. If, after you apply, it is determined that your skills and qualifications match our hiring needs, you will be contacted directly for an interview by someone on our Talent Acquisition Team.

I've been interviewed, what's next? - If selected, we'll extend a conditional offer. Then, pending a successful background check and drug screen, we'll confirm a start date.

The Whole Globe

Globe Not only is it in our name, it’s in our hearts. Our Company thrives off of diversity and has created a culture focused on inclusivity. These two components are the pillars of our foundation and the guiding principles that build our employees and leaders.

No Ceiling

SmileThe insurance industry may be traditional, but Globe Life has been, is, and always will be dedicated to building an inclusive, sustainable, and inspiring environment that does not have a ceiling on growth.