Modeling Actuary (Hybrid)

Unum | Portland, ME, United States

Posted Date 12/13/2024
Full job description Job Posting End Date: January 23

When you join the team at Unum, you become part of an organization committed to helping you thrive.

Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life’s moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide:

  • Award-winning culture
  • Inclusion and diversity as a priority
  • Performance Based Incentive Plans
  • Competitive benefits package that includes: Health, Vision, Dental, Short & Long-Term Disability
  • Generous PTO (including paid time to volunteer!)
  • Up to 9.5% 401(k) employer contribution
  • Mental health support
  • Career advancement opportunities
  • Student loan repayment options
  • Tuition reimbursement
  • Flexible work environments

*All the benefits listed above are subject to the terms of their individual Plans.

And that’s just the beginning…

With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you’re directly supporting a growing family, or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today!

General Summary:

Our Long-Term Care (LTC) modelling team is seeking an Associate Actuary to perform development, enhancement, and maintenance efforts on Prophet models. This is an intermediate level position that requires significant technical expertise and relies on increasing business knowledge. While some review by a senior actuary is expected, this individual will take initiative in identifying and researching complex issues and requires a blend of analytical skills, technical expertise, and the ability to communicate complex concepts clearly. This position will participate in cross-functional initiatives to gain increasing business exposure and knowledge. Minimum qualifications include five years of relevant actuarial and modelling experience. There are no direct reports associated with this position.Locations: Portland, ME | Chattanooga, TN | Columbia, SC | Atlanta, GAWork Arrangement: Hybrid - Work 2 days a week in an Unum office.

Principal Duties and Responsibilities

  • Optimize model capabilities and collaborate with key stakeholders to ensure our models are developed to deliver on a broad array of business needs.
  • Gain a thorough understanding of existing models and lead future model enhancement efforts.
  • Perform analysis of emerging experience, monitor marketplace and economic trends and review implications.
  • Support development of analysis framework
  • Recommend updated pricing, valuation or reserving assumptions
  • Regularly communicate research findings and analysis to management
  • Effectively work with any number of other cross functional/operational areas (e.g. underwriting, compliance, customer care) on specific initiatives.
  • Depending on area assigned, develop pricing or valuation tools, prepare state filings, financial reports and tax returns.
  • Act as mentor for student actuaries and interns
  • Prepare routine reports
  • May perform other duties as assigned

Job Specifications

  • Bachelors degree required
  • A minimum of five years of relevant actuarial and modelling experience.
  • Associate in the Society of Actuaries preferred.
  • In-depth knowledge of modelling using Prophet.
  • Strong knowledge of SQL and Excel. Experience with Alteryx and Tableau is nice to have.
  • Experience with Long-Term Care or a long-term duration product is a plus.
  • Excellent problem solving ability and project management skills.
  • Intellectual curiosity and ability to quickly learn new concepts.
  • Solid written and verbal communication skills.
  • Demonstrated leadership ability.

#LI-AF1

#hybrid #modeling #actuary #Prophet

Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide. Headquartered in Chattanooga, TN, with international offices in Ireland, Poland and the UK, Unum also has significant operations in Portland, ME, and Baton Rouge, LA - plus over 35 US field offices. Colonial Life is headquartered in Columbia, SC, with over 40 field offices nationwide.

The base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location and experience.

$89,400.00-$183,500.00

Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including healthcare benefits (health, vision, dental), insurance benefits (short & long-term disability), performance-based incentive plans, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not. All benefits are subject to the terms and conditions of individual Plans.

Unum
Salary89,400.00 - 183,500.00 Annual
Job Type
Regular | Regular
Industry
Insurance

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