Senior Actuarial Analyst Jobs in Rochester, MI (NOW HIRING)

Why AAA Life

AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them - and their families - when we're needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.

How You'll Work

• Work Solution: Hybrid

Operating within the core values and operating principles of the organization, the Actuary may have wide range of responsibilities that may include but not be limited to valuation and reserving, asset liability modeling, economic capital modeling, cash flow testing, pricing & product develop, data analytics and data science, product management, underwriting and risk pricing.

This position will be expected to interact with all areas of the company and as a coach to less experienced actuaries in the company. They will be expected to assist in planning and organizing short- and long-term activities necessary to achieve established goals and is expected to stay current on the latest trends impacting life insurance and annuity business.

Pricing and Profitability:

• Lead pricing analyses for life insurance products across multiple channels.
• Evaluate profitability, capital efficiency, competitive position, and risk-return trade-offs.
• Develop recommendations for pricing action, product redesign, or portfolio strategy. 

Modeling and Analytics:

• Build, maintain, and enhance pricing and financial projection models.
• Improve model structure, controls, documentation, automation, and repeatability.
• Use tools such as Excel, SQL, Power BI, Python, VBA, ALFA, MG-ALFA, or similar platforms to improve efficiency and insight. 

Assumptions and Risk:

• Analyze mortality, lapse, expense, premium persistency, and distribution assumptions.
• Assess sensitivity, scenario, and stress results to identify key profitability drivers.
• Develop defensible recommendations for assumption updates and risk mitigation. 

Product and Strategy: 

• Partner with Product Development, Distribution, Finance, Reinsurance, Compliance, and Valuation.
• Evaluate new product opportunities, distribution strategies, allowable acquisition economics, and portfolio optimization options.
• Translate complex actuarial analyses into practical business recommendations. 

Regulation and Governance: 

• Support state filing work, actuarial memoranda, and regulatory responses.
• Ensure pricing decisions are well documented, controlled, and defensible.
• Contribute to pricing governance, model risk management, and audit-ready documentation standards. 

Required Qualifications 

• Fellow of the Society of Actuaries (FSA)
• 5+ years of actuarial experience in life insurance, annuities, or related financial services.
• Strong understanding of insurance pricing fundamentals and financial projection concepts.
• Experience building, validating, or improving actuarial models.
• Excellent problem-solving skills and comfort working through ambiguous questions.
• Strong communication skills, including the ability to explain technical analyses to non-technical audiences. 

Preferred Qualifications 

• Experience with life insurance product development, pricing, or reinsurance.
• Familiarity with state insurance filings, actuarial memoranda, and regulatory constraints.
• Experience presenting analysis and recommendations to senior leaders.
• Demonstrated ability to improve processes, strengthen controls, and create scalable modeling frameworks.
• Technical capability with Excel, SQL, Power BI, VBA, Slope, or similar tools. 

While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands to finger, handle, or feel, talk, hear and concentrate. Specific vision abilities required by this job include close vision, distance vision, depth perception, and ability to adjust focus.

This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodation will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.

AAA Life Insurance Company does not offer immigration sponsorship for this position. This includes visa types such as H-1B, TN, and STEM OPT. Please do not apply if you currently require or may require employer-sponsored immigration support now or in the future.