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Actuary II

The Company:  CAIC
The Location: 

Columbia, SC, US, 29210 Columbus, GA, US, 31999

The Division:  U.S. Actuarial
Job Id:  2348

Job Summary


Under close supervision, codes, parameterizes, and utilizes actuarial models to solve problems which may include: pricing, reserving/reserve testing, experience studies, business planning, or capital planning; Analyzes output from models for reasonability and generates reports; May make adjustments and improvements to models, 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


• Strengthens and applies foundational knowledge of the business, its products, and processes; Identifies critical areas to monitor and suggest timely remedies to correct or prevent unfavorable trends;

• Becomes familiar with standard concepts, practices, and procedures; Relies on judgment, aided by supervisor where limited experience exists, to plan and accomplish goals; A certain degree of creativity and latitude is required

• Seeks guidance from more experienced team members to resolve issues and to identify appropriate issues for escalation

• Performs other duties as required


Professional - Education & Experience


Qualification Level Education Degree Specification

Minimum Required Bachelor's Degree actuarial science, mathematics, computer science or a related field

Minimum Required completion of three Society of Actuaries (SOA) exams and commitment to completing exams leading to an Associate of the Society of Actuaries (ASA) designation

Minimum Required currently a candidate in or qualified to become a candidate in the Aflac Actuarial Development Program


Qualification Level Experience

Minimum Required two years of professional job-related work experience Or an equivalent combination of education and experience.


Job Knowledge & Skills


• Intermediate knowledge and skills in Microsoft Excel, Microsoft Word, and MG-ALFA or similar actuarial software

• Actuarial Competencies

• Technical Knowledge & Skill - Intermediate 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 - Intermediate 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 - Intermediate 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 - Intermediate 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 - Basic 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.

• Makes Effective Decisions - Intermediate 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


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


Working Conditions


The statements below describe the general nature and level of the work and are not an exhaustive list of all responsibilities, duties, and skills required.

Normal office environment (virtual or in-person)




≤ 10%


Career Progression Acknowledgement


Career Progression Acknowledgement: Automatic Career Progression - The following Automatic Career Progression (ACP) guidelines apply as vacancies occur: One year time in position; Performance evaluation rating of 3.0 or above on the most recent appraisal; No formal corrective actions.

Nearest Major Market: Columbia
Nearest Secondary Market: South Carolina