Junior Life Actuarial Analyst

Benefits:

• Onsite Fitness Center
• Onsite Daycare
• Onsite Cafeteria
• Dental insurance
• Employee discounts
• Health insurance
• Paid time off
• Savings bank
• Vision insurance

Company Overview

Alfa Insurance is an A-rated insurance carrier that offers an excellent array of automobile, home, life, farm and business insurance products. Alfa is known for its superior customer service and boasts 94% claims satisfaction. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states.

Working as a Junior Life Actuarial Analyst at Alfa Insurance is more than just crunching numbers and analyzing data. It is a dynamic and intellectually stimulating role that requires a unique blend of mathematical prowess, critical thinking, and effective communication skills. It entails joining a revered company built on principles of faith, family, community, and unwavering integrity. By becoming a member of the Alfa family, you can uncover your true purpose and actively contribute to enhancing the lives of our valued policyholders and making a positive impact in your community.

Job Summary

A Junior Life Actuarial Analyst plays a pivotal role in our organization, providing support to our Senior Life Actuaries to allow them to be proactive contributors to the health of Alfa Life. As a Junior Life Actuarial Analyst, you will work closely with our experienced actuarial team to analyze complex data and perform actuarial calculations. Your key responsibilities will include supporting the development of new products and product management, as well as performing work on mortality, investment, lapse, expense, and other experience. As an integral part of our actuarial team, you will have the opportunity to gain valuable experience, develop your actuarial expertise, and make a meaningful impact on our organization's financial stability and success.

Responsibilities

• Assume responsibility for an increasing variety of periodic financial reporting tasks.
• Use the lift actuarial software and Excel spreadsheets to provide support for product development, illustration actuary certifications, product management, and illustration checking.
• Perform work for mortality, investment, lapse, expense, and other experience analysis under close supervision.
• Perform or assist on a variety of ad hoc projects.
• Successfully complete examinations in a timely manner.
• Work collaboratively with other members of the Life Operations team and partner with other departments to ensure successful analysis and design of Alfa Life products.

Qualifications

• Bachelors degree required, with a major in math, statistics, or actuarial science preferred.
• Masters degree in math, statistics, or actuarial science is desirable.
• Must be willing to begin taking actuarial exams.

Benefits/Perks

• Opportunity for annual performance bonus
• Discounts on your auto insurance (underwriting approval required)
• Benefits include: Health, dental, supplemental cancer, vision insurance and 401(k) plan
• Paid Time Off Bank to include 3 days PTO available after first 80 hours worked for New Hires
• Short-term and long-term disability
• Flexible Healthcare and Childcare spending accounts for tax savings
• Opportunities for advancement
• Continuous training and support throughout your career with Alfa
• College tuition discounts at various colleges in Alabama
• Fitness center
• Onsite cafeteria
• Access to onsite childcare center