Actuary jobs in Indiana
Actuary 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 Actuary 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, Actuary 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. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Actuary jobs
Product Development Lead
- Government Actuary's Department
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Edinburgh, IN
PART_TIME
-
Location
10 South Colonnade, Canary Wharf, London E14 4PU / Edinburgh Government Hub Queen Elizabeth House, Edinburgh EH8 8FT
About The Job
Job summary
The Government Actuary’s Department provides actuarial solutions including financial risk analysis, modelling and advice to support the UK public sector. Our mission is to improve the stewardship of public sector finances by supporting effective decision making and robust reporting. We do this by bringing together actuarial knowledge and expertise, analytical techniques, consultancy discipline and high standards of professionalism.
Job Description
The New Product Development Leader will work across all of GADs business areas to develop new products that will solve a variety of problems for our Public Service clients. You are expected to take a proactive approach to identifying new areas of work and lead on the delivery of these projects to bring them to a successful conclusion.
You will work closely with Business Development professionals to develop a clear vision for new products that meet the requirements of both existing and prospective clients based on our strategic priorities. This will require you to engage effectively with clients and demonstrate both curiosity and boldness.
You will then work with Analysts and Actuaries in our central Analytical team to deliver solutions through others using a range of different tools and programming languages. As such you should have strong technical and Project Management skills.
You will work alongside senior colleagues, and our innovation forum, to ensure that GAD is driving innovation across a range of areas within the Department.
As a senior member of GAD’s central analytical team a key aspect of this role will be to help mentor and develop more junior members of staff, and as such you should possess excellent coaching skills and be generous with your time to help upskill others.
You will proactively monitor technological advancements which are relevant to GAD and consider how GAD can utilise and implement these technologies into its work.
Part of your role will be to manage the Development Team Lead (who are responsible for the day-to-day work of the Development Team).
You may also explore ways in which we can embed innovation across the Department and improve some of our internal tools and processes.
If the successful candidate is based in Edinburgh, frequent travel to the London office will be a feature of the role.
Person specification- To lead the provision of innovative high-quality analytical advice to a range of public service clients, and across a range of technical areas that are new to GAD. The role will need to be undertaken in accordance with GAD’s values; our goal of agile working is particularly relevant in this context.
- To engage with clients to understand and meet their needs. This will require an ability to understand complex problems, develop and articulate solutions, and proactively manage clients throughout the delivery process
- To be an effective member of the AST Leadership Team with a key focus on the successful delivery of new products. This will require an ability to manage projects, problem solve and work creatively, adapting to new technologies, techniques, and ways of working. The role will require an ability to apply existing understanding to new and unfamiliar situations.
- To be proactive in keeping abreast of new tools and processes, and understanding how these can be applied at GAD in order to improve the effectiveness and quality of our advice to clients.
- To work with colleagues across the Department to foster a culture of innovation. This will include contributing to the development of colleagues and line management.
We'll assess you against these behaviours during the selection process:- Delivering at Pace
- Making Effective Decisions
- Communicating and Influencing
- Changing and Improving
We'll assess you against these technical skills during the selection process:- Knowledge of general analytical methods and techniques (Essential)
- Knowledge of model development (Essential)
- Proficient knowledge of analytical programs and tools (e.g. R, Python or SQL) for data analysis (Essential)
- Strong knowledge of Actuarial concepts and techniques (Desirable)
Alongside your salary of £114,666, Government Actuary's Department contributes £30,959 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
As well as competitive salaries, we offer a substantial package of benefits:- 25 days annual leave per year, increasing to 30 days after 5 years’ service. In addition, 9 days public and privilege days leave per year (pro rata for part time colleagues)
- GAD expects colleagues in the office 60% of the time. We would expect you in GAD offices at least three days a week, dependent on operational requirements and typically the other days at home.
- Pension -An average employer pension contribution of 27% per year.
- Professional Fees – you can claim back the cost of professional fees associated with your role.
- Extensive talent, career and personal development, with up to ten days a year, being used for Continuing Professional Development.
- Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave
- A working culture which encourages inclusion and diversity
- Complimentary BUPA health check for permanent colleagues
- Community volunteering programme, the opportunity to join a trade union, access to Edenred discounts, some examples include, 5% off supermarkets, and up to 40% off gym memberships and social groups
- Salary advances for travel costs, including season tickets and cycle-to-work schemes
Selection process details
This vacancy is using Success Profiles (opens in a new window) , and will assess your Behaviours and Technical skills.
Application deadline: 12:00 hrs on 15 July 2024
Shortlisting: w/c 15 July 2024
Engagement panel: w/c 22 July 2024 and w/c 29 July 2024
Interview: w/c 05 Aug 2024
Interview location: In office - London, E14 4PU
The recruitment process consists of two interview stages before the final decision is made.
Please apply via our recruitment portal below.
As part of the application form process, please submit your CV and supporting statement. Please do not email your CV outside of this process as it will not be accepted.
Shortlisting criteria is based on the Person Specification as set out in the Assessment Criteria section of the Job Description. Please ensure you provide examples of how you meet the Assessment Criteria; a strong application will also demonstrate that you meet the required criteria that are identified as key for this role. Applications will be shortlisted in line with the essential criteria for the role. Behaviours will be assessed at interview stage. Candidates who are successful at shortlist will be contacted as soon as possible and advised of the interview process and assessment (exact times and dates will also be confirmed).
A reserve list will be held for a period of 12 months from which further appointments can be made.
Feedback will only be provided if you attend an interview or assessment.
Security
Successful candidates must undergo a criminal record check.
People working with government assets must complete baseline personnel security standard (opens in new window) checks.
Nationality Requirements
This job is broadly open to the following groups:- UK nationals
- nationals of the Republic of Ireland
- nationals of Commonwealth countries who have the right to work in the UK
- nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
- nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
- individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
- Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service
Working for the Civil Service
The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window) .
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.
Diversity and Inclusion
The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window) .
Apply and further information
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window) .
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.
Contact point for applicants
Job contact :- Name : Recruitment Team
- Email : recruitment@gad.gov.uk
- Email : recruitment@gad.gov.uk
The Government Actuary’s Department’s recruitment processes are underpinned by the recruitment principles of the Civil Service Commissioner, which outline that selection for appointment be made on merit on the basis of fair and open competition http://civilservicecommission.independent.gov.uk/civil-service-recruitment/ If you feel at any time your application has not been treated in accordance with the values in the Civil Service Code and/or if you feel the recruitment has been conducted in such a way that conflicts with the Civil Service Commissioner’s Recruitment Principles, you may make a complaint, by contacting recruitment@gad.gov.uk in the first instance. If you are not satisfied with the response you receive you can contact the Civil Service Commissioners.
https://www.gov.uk/government/organisations/government-actuarys-department - 7 Days Ago
Pricing Actuary
- Group 1001
-
Zionsville, IN
FULL_TIME
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Scheme Actuary
- Goodman Masson
-
Edinburgh, IN
FULL_TIME
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Senior Actuary
- CNA Insurance
-
Gary, IN
FULL_TIME
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Enrolled Actuary, TPA Solutions
- Ascensus LLC
-
Remote, IN
FULL_TIME
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Pension Consulting Actuary
- Buck, A Gallagher Company
-
Edinburgh, IN
FULL_TIME
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Internal Actuary
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Associate Actuary
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-
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Actuary
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-
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Actuary - Remote
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-
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- Pension Associates Retirement Planning, LLC
-
Stamford, CT
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-
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Associate Actuary
- Fidelity TalentSource LLC
-
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About Indiana
Indiana /ˌɪndiˈænə/ (listen) is a U.S. state located in the Midwestern and Great Lakes regions of North America. Indiana is the 38th largest by area and the 17th most populous of the 50 United States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th U.S. state on December 11, 1816. Indiana borders Lake Michigan to the northwest, Michigan to the north, Ohio to the east, Kentucky to the south and southeast, and Illinois to the west.
Before becoming a territory, various indigenous peoples and Native Americans inhabited Indiana for thousands of ye...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$71,731 to $89,760
Most Popular Cities in Indiana for Actuary Jobs
What does an Actuary do?
Actuary in Philadelphia, PA
An actuary can study the market, the risk it exposes their clients/firms to and try to strategize accordingly.
October 07, 2019
Actuary in Raleigh, NC
Reserving actuary does this by studying patterns from the past or expert opinion.
December 05, 2019
Actuary in Vincennes, IN
It provides a useful starting point for those considering a career as an actuary.
December 12, 2019