Summer Actuarial Development Program Jobs in Normal, IL

Reporting to a consulting actuary, senior consulting actuary or director and consulting actuary, the associate actuary works under the direction of a supervisor, project manager or account executive to create and deliver solutions for clients, identifying options with recommendations and providing additional resources. The associate actuary is responsible for ensuring that best practices are adhered to within the practice area, identifying deficiencies in procedures or systems, correcting as appropriate and referring to a supervisor, project manager or account executive where necessary. The associate actuary will complete and communicate complex technical results of the actuarial analyses of a given problem into the format, language, and context appropriate for the decision-makers and other audiences for whom the results are relevant.

The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

To perform this job successfully, an individual must be able to accomplish each essential function satisfactorily.

• Participate in the delivery of actuarial consulting projects
  • Organize and input data accurately into actuarial models; modify existing and create new actuarial models and/or create new code for unique data processing or changing predictive modeling assumptions demonstrating innovation and process improvement with minimum direction from a project manager or account executive
  • Complete technical review of data input into actuarial models; review actuarial models and/or data processing and predictive modeling code for technical accuracy
  • Recommend initial judgmental selections when appropriate in actuarial models
  • Format work correctly and professionally; ensure that work product is complete, correct and logical
  • Collaborate with consultants to complete assigned tasks
  • Prepare client ready exhibits and participate in client visits and calls as directed
  • Effectively communicate with project teams and manage projects to ensure that projects are on time and meet Pinnacle standards for excellence
  • Provide guidance and direction for other employees in the application of actuarial techniques and methods
  • Communicate clearly with coworkers and supervisors regarding day-to-day projects; effectively communicating while mentoring others
  • Suggest improvements to accuracy, efficiency, and/or quality of Pinnacle processes or work products to supervisor
• Lead and present at in-person internal meetings
• Assist with training and development of staff
• Author blog posts
• Comply with the Casualty Actuarial Society's (CAS) Code of Professional Conduct
• Sustain progress toward the completion of the actuarial exams as defined in the Pinnacle Exam Policy
• Volunteer with the CAS and/or other relevant professional society
• Maintain CAS or AAA Continuing Education Requirements
• Enter time and expenses accurately and timely
• Handle and process confidential information with complete discretion
• File projects and materials according to Pinnacle's internal filing system
• Regular, predictable and punctual attendance in a Pinnacle office when not working off-site

This position may have supervisor responsibility including career development, coaching and mentoring direct reports.

• Analytical and mathematical proficiency
• Advanced knowledge of actuarial techniques
• Apply actuarial techniques appropriately
• Attention to detail and commitment to task
• Project coordination and organizational ability
• Manage multiple projects and deadlines
• Expert knowledge of Microsoft Office software and additional software as needed
• Strong verbal and written communications skills
• Presentation experience
• Ability to extract relevant information from proposals

• Minimum Bachelor of Arts or Bachelor of Science degree from an accredited college or university; a degree in actuarial science, mathematics, statistics or other related degree preferred
• Advanced level mathematical, statistical and actuarial methods in the performance of actuarial functions
• Credentialed as an ACAS
• Minimum three years of actuarial experience

The base salary range for this position is $115,500 to $150,000. This position is also eligible for an annual performance bonus. The salary for this position is based on multiple factors, including but not limited to, the candidate's experience, education and skills.

Pinnacle provides a comprehensive benefit package including 401k with company match and profit sharing; exceptional medical, dental and vision insurance; paid vacation, sick time, parental leave, holidays, summer days and community service time; life insurance, disability insurance and wellness benefits.