Actuary III

Salary Range: $100,000 - $130,000

Job Summary
Under general supervision, codes, parametrizes, and utilizes actuarial models to solve problems which may include: pricing, reserving/reserve testing, experience studies, business planning, reinsurance, or capital planning; Analyzes output from models for reasonability and generates reports; May make adjustments and improvements to models or perform model review and validation, when appropriate; Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations; Develops raw data into assumption basis with which to parameterize models.

Principal Duties & Responsibilities

• Performs actuarial tasks using extensive knowledge of mathematics and business principles while learning Pricing, Valuation, Financial Reporting, Business Planning, Capital Modeling, Reinsurance and/or Experience Analysis/Management concepts; conducts fact gathering and claims analysis; reviews and analyzes statistical data, including morbidity, mortality and termination experience, documentation, trend analysis, actuarial research; develops pricing and valuation models 
• Utilizes knowledge of actuarial standards of practice and business acumen to solve challenging actuarial questions; Works with other departments (eg. product development, financial, compliance, and Japanese colleagues) to complete assignments on schedule; Reviews and analyzes statistical data including morbidity, mortality and termination experience as well as policy provisions, state regulations, and other documents
• Uses understanding of standard concepts, practices, and procedures; Relies on judgment and business acumen where limited experience exists to plan and accomplish goals; A significant degree of creativity and latitude is expected
• Communicates the findings of actuarial work to managers and executives in an appropriate manner for business decisions to result; Aides in the representation of the department in internal and external groups for the benefit of Aflac
• May support Actuarial Governance framework implementation and monitoring
• Performs other duties as required

Professional - Education & Experience

Minimum Required

• Bachelor’s Degree in actuarial science, mathematics, computer science, or a related field
• An Associate of the Society of Actuaries (ASA) designation from the society of Actuaries (SOA) is required and commitment to continue toward Fellow of the Society of Actuaries (FSA) designation
• Currently a candidate in or qualified to become a candidate in the Aflac Actuarial Development Program
• Three years of professional job-related work experience

  Or an equivalent combination of education and experience

What does it take to be successful in this role?

• Proficient at coding models in various applications (Excel, Mainframe, SQL,MG-Alfa or similar actuarial software)
• Good verbal and written communication skills
• Actuarial Competencies
• Technical Knowledge & Skill - Advanced Performs data analysis, synthesizes it into something meaningful, and develops materials and presentation of findings. Understands data limitations and considers influence of business processes, market segmentation strategies, and industry factors on analysis. Identify, set, and defend actuarial and financial assumptions; develop, enhance, and deliver actuarial and financial models that effectively evaluate risk.
• Project Management - Advanced Can effectively lead projects, including those with crossfunctional accountabilities. Highly responsive to dynamic business needs while partnering with other functional or operational areas. Identifies and initiates projects suggested by business needs or strategies and reprioritizes work/seeks resources as necessary.
• Communication - Advanced Understand and explain business issues and potential solutions in a way that results in informed decision making. Proactively and routinely seeks out business partners to provide timely summary of practice area results. Has clear examples of delivering business concepts and messaging to a wide variety of audiences.
• Business Knowledge & Acumen - Intermediate Aligns actuarial analysis and findings with the broader goals of the organization. Understands all of Aflac's products and business functions. Looks at problems from the overall business framework, rather than only a technical framework, and links the technical actuarial analysis to the bottom line.
• Delivers Results - Advanced Develops projects, plans, and priorities that are consistent with business initiatives and goals. Consistently achieves results, personally and through others that contribute business value. Develops actions that lead to stated business goals based on actuarial or financial findings.
• Develops Self & Others - Intermediate Steps outside actuarial competencies and develops broader business acumen -- goes beyond the technical aspect of a problem. Creates valued business partnerships based on consulting advice provided; seeks out opportunities to mentor others. Participates in new and challenging work experiences outside of one's own functional area.
• Influencing - Intermediate Interprets business and technical information in a way that influences key decision makers / stakeholders. Drives discussions on meaningful business issues and potential solutions with external partners. Demonstrates the ability to build agreement, commitment, cooperation, and enthusiasm for recommendations -- even with difficult messages.
• Makes Effective Decisions - Advanced Provides timely analysis to reach a recommendation, even with incomplete data; not averse to simply approximate an answer. Includes others in decision making as warranted to obtain good input and ensure buy-in for decisions. Evaluates options by considering implications and consequences -- makes decisions outside the bounds of "the way it's always been done”.
• Values Driven - Interacts with others in a way that gives them confidence in one's intentions. Listens with respect and objectivity even when others' opinions conflict with one's own. Adheres to standards of professional conduct
• Builds Talent - Basic Develops staff or others with the competencies of business leaders, not just subject matter experts. Provides cross-functional project or mentoring opportunities. Takes bold action to ensure strong, diverse talent and leadership pipeline in place to meet Aflac's aggressive business goals.
• Engages Employees to the Vision - Basic Ensures that others understand their roles in achieving area and business priorities. Inspires others to act in alignment with financial and corporate goals and initiatives. Involves employees in decision making, milestone setting, timely one-on-ones, and key business information.

Organizational Competencies

• Acting with Integrity - Clearly states goals and beliefs; lets people know his/her true intentions; does what he she said they would do; follows through on commitments
• Communicating Effectively - Expresses ideas and information in a clear and concise manner; tailors message to fit the interests and needs of the audience; delivers information in a manner that is interesting and compelling to the listener
• Pursuing Self-Development - Demonstrates ambition and desire to move forward in his/her career; engages others in discussions about career development; seeks feedback on ways to increase his/her performance; takes advantage of opportunities to build new skills and capabilities
• Serving Customers - Builds strong relationships with customers; stays aware of customer needs, concerns and satisfaction; responds promptly to customer questions and requests; effectively manages customer expectations
• Supporting Change - Enthusiastically participates in new change initiatives and programs; focuses on reasons why changes will work and how they will be beneficial
• Supporting Organizational Goals - Actively supports organizational goals and values; demonstrates enthusiasm toward the company's goals and mission; aligns actions around organizational goals
• Working with Diverse Populations - Shows respect for the beliefs and traditions of others; encourages and promotes practices that support cultural diversity; discourages behaviors or practices that may be perceived as unfair, biased, or critical toward people with certain backgrounds

Career Progression Acknowledgement: Normal Career Progression - This is a normal career progression (NCP) position and incumbent may progress to the next level in the job family without further competition when there is an existing business need, qualifications identified in the job profile are met, advancement recommended by management, with human resources approval, and in accordance with company guidelines