Experience Studies Actuary

Company: Society of Actuaries Research Institute
Location: Schaumburg
Posted on: May 13, 2022

Job Description:

Experience Studies ActuaryThe Experience Studies Actuary enables the Society to develop new experiences studies, compile and/or use collected data for new methods and offerings to contributors, coordinate with outside research partners and contractors, and conduct and improve mortality and morbidity experience studies for the Society of Actuaries. ESSENTIAL FUNCTIONS:

• Complete the following phases of research overseen by Project Oversight Groups: development of the design study objectives, content and output; preparation of data calls; collection, cleansing and validation of the data to ensure a usable body of data; analysis of the data; writing and development of the report and supporting materials; solicitation of peer reviews and the completion of the peer review; and the publication and marketing of results.
• Implement the following aspects of committee driven research: development of the design study objectives, content and output; preparation of data calls; collection, cleansing and validation of the data to ensure a usable body of data; analysis of the data; implementation of solutions of business plans and solutions; writing and development of the report and supporting materials; solicitation of peer reviews and the completion of the peer review; and the publication and marketing of results.
• Manage the "Request for Proposal" process in the selection of data vendors to collect, cleanse and compile the data.
• Assist with contractors, SOA legal counsel and SOA management to ensure appropriate vendor contracts are approved and initiated.
• Validate, cleanse and compile data collected for experience studies and/or manage the work of internal resources and external data vendors or contractors to validate, cleanse and compile data to ensure a sound, usable, body of data.
• Work with external data vendors and contractors, to ensure a sound, usable, body of data.
• Establish the necessary Experience Studies Committees as needed to conduct and prepare studies.
• Establish the necessary Project Oversight Groups as needed to oversee studies.
• Provide information to Marketing and Communications to allow appropriate promotion of completed studies.
• Work with SOA legal counsel to effectively manage legal and reputational risk associated with experience studies.
• Complete analysis and research on data collected by the statistical agent requested by regulators and statistical agents appointed by regulators.
• Attend SOA meetings and prepare and present presentations on SOA Research. EDUCATION AND EXPERIENCE REQUIRED (an equivalent amount of training, education and experience will be considered)
  • Bachelor's degree in mathematics, statistics, actuarial science, accounting, economics or a related field
  • ASA required at a minimum
  • At least five years experience in support, experience retrieval, research and report development and writing, and/or actuarial table preparation. Experience with broad areas of practice is desirable including life insurance, annuities, retirement plans, long term care, disability income and other health products.
  • At least five years experience in project management or team leadership.
  • At least five years experience with long-term care, individual disability and/or group long term disability desired. KNOWLEDGE, SKILLS AND ABILITIES
    • Advanced working knowledge of Excel pivot tables or similar data analytical software tools.
    • Knowledge of predictive analytics programs, such as R, and uses
    • Intermediate knowledge of SAS and SQL or ability and commitment to obtain intermediate knowledge of SAS and SQL quickly.
    • Advanced English and writing skills.
    • Working knowledge of Word and other related software tools
    • Working knowledge of Microsoft Access
    • Ability to communicate and work effectively with people with diverse backgrounds, experience and levels of authority
    • Independent worker with ability to manage and prioritize multiple projects;
    • Advanced management time and project management skillsWe are moving to a hybrid work model in the coming months. Also, our future plans for growth include the opening of a Chicago office.The SOA will provide equal opportunity to all employees and applicants for employment regardless of actual or perceived race, color, religion, age, sex, pregnancy, national origin, ancestry, disability (mental or physical), genetic information, military or veteran status, marital status, order of protection status, gender identity, sexual orientation or any other category protected by applicable law. Such action shall include but is not limited to: initial consideration for employment; job placement and assignment of responsibilities; performance evaluation; promotion and advancement; compensation and fringe benefits; training and professional development opportunities; formulation and application of human resource policies and rules; facility and service accessibility; and discipline and termination.This job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. Employees may be required to follow other job related instructions and to perform other job related duties as requested, subject to all applicable state and federal laws. Certain job functions described herein may be subject to possible modification in accordance with applicable state and federal laws. PI176875719

Keywords: Society of Actuaries Research Institute, Schaumburg , Experience Studies Actuary, Other , Schaumburg, Illinois