Sr. Managing Associate Actuary (Hybrid)
Primary Duties & Responsibilities
At Globe Life, we are committed to empowering our employees with the support and opportunities they need to succeed at every stage of their career. Our thriving and dynamic community offers ample room for professional development, increased earning potential, and a secure work environment.
We take pride in fostering a caring and innovative culture that enables us to collectively grow and overcome challenges in a connected, collaborative, and mutually respectful environment that calls us to help Make Tomorrow Better.
Role Overview:
Could you be our next Senior Managing Associate Actuary? Globe Life is looking for a Senior Managing Associate Actuary to join the team!
In this role, you will be responsible for monthly GAAP financials, quarterly and annual Statutory reporting, asset adequacy analysis, etc. The incumbent will also be responsible for managing one or two team members.
This is a hybrid position located in McKinney, TX (WFH Monday & Friday, In Office Tuesday-Thursday).
What You Will Do:
- Develop, maintain, and operate the POLYSystems model for GAAP and STAT valuation. Prepare, calculate, and review actuarial data. Analyze the financial results and prepare the financial statements.
- Work cooperatively with other teams such as Life and Health Pricing, Experience Study and Accounting to support effective financial reporting.
- Support external and internal auditor's review processes and procedures for financial reporting.
- Perform cash flow testing for asset adequacy analysis and prepare the actuarial memorandum.
- Support PBR valuation and creation of VM-31 report.
- Maintain knowledge of emerging regulatory developments.
- Manage a team of one or two staff members.
- Other ad hoc projects.
What You Can Bring:
- Bachelor's degree required.
- Associate of the Society of Actuaries (A.S.A.) required, F.S.A. preferred.
- Minimum five years' experience in valuation.
- Demonstrated mathematical ability required.
- Solid technical actuarial skills required, including valuation fundamentals and methods.
- Strong MS Office (Word, Excel, Access) skills required.
- Experience with PolySystems or similar software.
- Understanding of PC server-based data warehouses and data storage strategies for valuation and reporting. Database (SQL, Redshift) and/or programming skills is a plus.
- Understanding of general ledger accounting methods and systems, and experience interacting with financial reporting accountants.
- Valuation experience with selected products; traditional life and limited benefit health products.
- 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.
- Strong work ethic with a commitment to company goals and objectives.
- The ability to work alongside others with differing backgrounds and competencies.
- Ability to work on issues that are not discretely defined.
Applicable To All Employees of Globe Life Family of Companies:
- Reliable and predictable attendance of your assigned shift.
- Ability to work full time and/or part time based on the position specifications.
How Globe Life Will Support You:
Looking to continue your career in an environment that values your contribution and invests in your growth? We've curated a benefits package that helps to ensure that you don't just work, but thrive at Globe Life:
- Competitive compensation designed to reflect your expertise and contribution.
- Comprehensive health, dental, and vision insurance plans because we believe that taking care of your well-being is fundamental to your performance.
- Robust life insurance benefits and retirement plans, including company-matched 401k and pension plan.
- Wellness club reimbursements and gym discounts to help you stay on top of your health.
- Paid holidays and time off to support a healthy work-life balance.
- Development training programs to enhance your skills and career progression and unlock your full potential.
Opportunity awaits! Invest in your professional legacy, realize your path, and see the direct impact you can make in a workplace that celebrates and harnesses your unique talents and perspectives to their fullest potential. At Globe Life, your voice matters.
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