Actuarial Analyst at Assurant

Ontario, Canada

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor’s degree in Mathematics, Actuarial Science, or related field and a minimum of 4-6+ exams completed
Minimum of 4 years of overall experience
Must be pursuing actuarial designation or is already an Associate of the Actuarial Society (CAS/SOA/CIA/IFoA)
Minimum of 3 years of progressive responsibilities and related experience in an actuarial role
Has advanced level of understanding actuarial concepts, insurance product and industry knowledge
Advanced proficiency in MS Office Applications including Excel, PowerPoint, Word, Outlook, SharePoint
Advanced to Expert proficiency in various data repository platforms (SAS/SQL/etc.)

Responsibilities

Owns the process of responding to all internal, external or ad hoc requests for business unit/product line supported with direct guidance from manager
Appropriately analyzes, adds updates, and summarizes existing memorandum templates
Locates and reconciles data from various source systems; ensures accuracy and recognizes adjustments needed for possible data anomalies
Gathers information from different internal departments and complete reports and analysis as directed; understands and develops process flows; incorporate feedback provided for reporting and communications
Assists with collecting data and responding to inquiries from state insurance departments, auditors, and internal (finance, accounting, regulatory, IT, etc.) areas regarding business processes, gaps, strategy & improvements
Identifies system and data inefficiencies; provide recommendations to resolve
Implements solutions to translate financial projections into business metrics; aware of area productivity, processes, & business profitability
Participates in cross-training and knowledge sharing within team/department to accomplish goals
Actively manages self-development. Takes actuarial exams in pursuit of professional designation

Skills

Actuarial Pricing

Reserving

Financial Reporting

Capital Management

Forecasting

Data Reconciliation

Excel

SQL

Process Flows

Regulatory Reporting

Financial Projections

Assurant

Provides risk management and insurance solutions

About Assurant

Assurant provides risk management solutions that focus on protecting major consumer purchases, particularly in mobile devices, electronics, and smart technology. The company offers insurance products and extended service contracts that help consumers safeguard their investments in high-value items. When a product is damaged or malfunctions, Assurant also provides repair services to restore it efficiently. This approach helps clients minimize financial losses from unexpected events. Assurant generates revenue through the sale of insurance policies, service contracts, and repair services. Unlike many competitors, Assurant emphasizes diversity, equity, and inclusion within its corporate culture, which enhances its ability to serve a diverse customer base. The company's goal is to support consumers and businesses in maintaining their day-to-day operations while protecting their investments.

New York City, New YorkHeadquarters

1892Year Founded

IPOCompany Stage

Financial Services, Consumer GoodsIndustries

10,001+Employees

Actuarial Analyst at Assurant

Requirements

Responsibilities

Skills

Assurant

About Assurant

Benefits

Health Insurance

Hybrid Work Options

Professional Development Budget

Risks

Integration challenges from acquiring iSmash may affect operational efficiency.

Regulatory scrutiny from acquiring American Lease Insurance could pose compliance challenges.

Cultural clashes from acquiring American Financial & Automotive Services may impact operations.

Differentiation

Assurant specializes in risk management for mobile devices and electronics globally.

The company offers insurance, service contracts, and repair services for high-value items.

Assurant's DEI commitment fosters innovation and enhances customer understanding.

Upsides

Increased demand for mobile device insurance due to remote work trends.

5G expansion drives demand for new devices and related insurance products.

Acquisition of iSmash enhances Assurant's tech repair service capabilities.