Actuarial Fellow jobs in Alabama
Actuarial Fellow utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuarial Fellow assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuarial Fellow applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Requires Fellow of Society of Actuaries (FSA). Typically reports to a manager. To be an Actuarial Fellow typically requires 12+ years of related experience. Achievement and depth of knowledge of specialization or field is the main differentiator. Advisory role on complex and challenging projects and initiatives. Recognized for deep technical and industry knowledge and innovative thinking. Provides thought leadership and guidance to a functional area and the organization. (Copyright 2024 Salary.com)
Recently Added Actuarial Fellow jobs
Actuarial Analyst
- Alfa Insurance
-
Montgomery, AL
PART_TIME
-
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 an 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
The Actuarial Analyst plays a pivotal role in our organization, providing support to our actuarial functions and contributing to the overall success of our insurance operations. As an Actuarial Analyst, you will work closely with our experienced actuarial team to analyze complex data and perform actuarial calculations Your key responsibilities will include conducting studies to analyze profitability, competitiveness and adequacy of reserves. Additionally, you will play a vital role in contributing to the development of new products and in the determinations of rate for new products and our existing business. 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- Accountable for contributing to the development of new products and in the determination of rate for new products and existing business.
- Assists in monitoring the loss experience and conducting studies to analyze profitability, competitiveness, and adequacy of loss reserves.
- Bachelor’s degree in mathematics required. A degree in Physics, Statistics, or Economics may suffice provided there is a strong concentration of mathematics and completion of one or more of the actuarial exams.
- Must provide support to and work collaboratively with the production rating team and other Actuaries.
- Coordinate with Analytics, Underwriting, Marketing, and other areas to support good analysis, decisions, and product design.
- 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
- Paid time off bank to include 3 days PTO after 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
- 1 Day Ago
Actuarial Analyst
- Alfa Insurance Corporate Careers
-
Montgomery, AL
FULL_TIME
- Company OverviewAlfa 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 ...
- 13 Days Ago
Senior Director, Actuarial (Remote)
- Protective
-
Birmingham, AL
FULL_TIME
- The work we do has an impact on millions of lives, and you can be a part of it.We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be he...
- 24 Days Ago
Actuarial Assistant (Hybrid)
- Protective
-
Birmingham, AL
FULL_TIME
- The work we do has an impact on millions of lives, and you can be a part of it.We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be he...
- 26 Days Ago
Resilience Fellow
- SBP
-
MOBILE, AL
FULL_TIME
- DescriptionAbout SBPSBP, a leading social impact organization focused on disaster resilience and recovery, solves the challenges facing at-risk communities and scales impact with a proven model that b...
- 9 Days Ago
Research Fellow
- Auburn
-
Auburn, AL
FULL_TIME
- Position Details Position Information Requisition Number S3278P Home Org Name Ritchey Endowment Income Division Name College of Veterinary Medicine Position Title Research Fellow Job Class Code HA03 (...
- 16 Days Ago
Actuarial Fellow jobs at Popular Companies
Teaching Fellow
- Friendship Public Charter School
-
Washington, DC
- Overview: By completing an application, you have applied to be considered for anticipated vacancies in the 2024-2025 sch...
- 6/11/2024 12:00:00 AM
ARNP Fellow / PA-C Fellow
- MultiCare Health System
-
Federal Way, WA
- About Indigo Urgent Care Indigo Urgent Care, a MultiCare Company, is the leading urgent care provider in the pacific nor...
- 6/10/2024 12:00:00 AM
Postdoctoral Fellow
- Drexel University
-
Philadelphia, PA
- Postdoctoral Fellow Job no: 501982 Work type: Full-Time Location: University City - Philadelphia, PA Categories: Drexel ...
- 6/10/2024 12:00:00 AM
Toxicology Fellow
- HealthPartners
-
Saint Paul, MN
- Job Description @page { size: 8.5in 11in; margin: 1in } p { line-height: 115%; text-align: left; orphans: 2; widows: 2; ...
- 6/10/2024 12:00:00 AM
Research Fellow
- Massachusetts General Hospital
-
Somerville, MA
- GENERAL SUMMARY/ OVERVIEW STATEMENT: The McCance Center for Brain Health in the Department of Neurology at the Massachus...
- 6/10/2024 12:00:00 AM
RN Fellow
- Ascension
-
Austin, TX
- Details Sign-on bonus: 5,000 Department: SNW Med Surg Schedule: Full Time Rotating Hospital: Seton Northwest Hospital Lo...
- 6/10/2024 12:00:00 AM
ARNP Fellow / PA Fellow
- MultiCare Health System
-
Spokane, WA
- You Belong Here. At MultiCare, we strive to offer a true sense of belonging for all our employees. Across our health car...
- 6/9/2024 12:00:00 AM
Administrative Fellow
- Cone Health
-
Greensboro, NC
- Overview: The Cone Health Administrative Fellowship is a dynamic, two-year postgraduate experience that provides Fellows...
- 6/8/2024 12:00:00 AM
About Alabama
Alabama (/ˌæləˈbæmə/) is a state in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama is the 30th largest by area and the 24th-most populous of the U.S. states. With a total of 1,500 miles (2,400 km) of inland waterways, Alabama has among the most of any state.
Alabama is nicknamed the Yellowhammer State, after the state bird. Alabama is also known as the "Heart of Dixie" and the "Cotton State". The state tree is the longleaf pine, and the state flower is...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Fellow jobs
$168,323 to $218,086
Most Popular Cities in Alabama for Actuarial Fellow Jobs
What does an Actuarial Fellow do?
Actuarial Fellow in Boca Raton, FL
The Actuaries Institute is committed to promoting the actuarial profession and is recognised as a source of authoritative, professional and independent comment for the financial services sector and non-traditional areas such as health, environment, climate change, genetics and information technology.
January 07, 2020
Actuarial Fellow in Salt Lake City, UT
Actuarial employers have fed back to us that there will always be a demand for the high levels of specialism demonstrated by our Fellows; particularly in established areas of actuarial employment such as pensions and insurance. However, they also need a more flexible qualification framework, which ensures that their employees are working to the level that is needed for the roles that they are undertaking.
January 18, 2020
Actuarial Fellow in High Point, NC
This proposal will also align the IFoA with the international market where an increasingly large proportion of our members operate, and will become the formal initial qualification for fully qualified actuaries who will possess 'core actuarial competencies'.
February 11, 2020