Sr Actuarial Associate

Sr Actuarial Associate

Sr. Actuarial Associates are members of the Actuarial Development Program which provides a broad set of work experience, full Society of Actuaries exam support, the development of communication and leadership skills, and the opportunity for mentoring and networking. It is a rotational program with rotations of 12 - 24 months, where the Actuarial Associate will provide actuarial and related assistance with respect to risk analysis and management, experience studies, actuarial modeling, asset liability management (ALM), valuation, retirement plan support, pricing, and product development. Exam support will include paid study time and exam materials, automatic salary increases with passed exams, and first-time pass bonuses.

Key Responsibilities and Duties

• Support risk analyses performed with respect to the company's actuarial liabilities and capital position to ensure adequate reserving and financial strength of annuity and life insurance product lines, as well as overall financial strength of the company.
• Perform experience studies and help establish assumptions for the annuity and life insurance lines of business.
• Perform asset and liability modeling and analyses of annuity and life insurance lines of business.
• Assist with various ALM projects such as economic scenario generation, duration analysis, and interest rate stress testing.
• Perform valuations of actuarial reserves and liabilities.
• Perform asset adequacy testing and analyses of annuity and life insurance lines of business.
• Provide actuarial assistance in support of new and existing pension business, including the testing of retirement plans for compliance with non-discrimination rules and actuarial valuation of defined benefit plans.
• Support development of pricing structure and design of annuity products, including determination of rates, dividend scales and policyholder illustrations.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

7IC

REQUIRED QUALIFICATION:

• 3+ years of Actuarial experience required

PREFERRED QUALIFICATIONS

• 5+ years of Actuarial experience preferred
• Associate of the Society of Actuaries (ASA)
• Technical skills, e.g. Excel, VBA, and PowerPoint
• Intermediate experience in programming in Python, R or similar language
• Experience with economic scenario generation and/or ALM analysis a plus
• Strong communication and problem-solving skills
• Leadership potential

#LI-CS1

Base Pay Range: $84,800/yr. - $141,300/yr.

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

Company Overview

TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That's why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: [email protected]

Privacy Notices

For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here.

For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here.

For Applicants of Nuveen residing in Europe and APAC, please click here.

For Applicants of Greenwood residing in Brazil (English), click here.

For Applicants of Greenwood residing in Brazil (Portuguese), click here.

For Applicants of Westchester residing in Brazil (English), click here.

For Applicants of Westchester residing in Brazil (Portuguese), click here.