Associate Actuary - Life

We’re KSM, one of the top 50 largest independent advisory, tax, and audit firms in the United States. But more than our size, it’s our people and culture that set us apart. We believe great things happen when people are supported, challenged, and given the freedom to do their very best work. That’s why we’ve built a workplace where your career and personal life can thrive together – where you have the flexibility to manage your time, the resources to grow, and a team that genuinely cares about your success. We’ve been employee-owned since 2001, giving every team member a stake in our collective success. This ownership mentality fosters a culture of collaboration, curiosity, and excellence  – where new ideas are welcomed, different perspectives are valued, and you’re encouraged to explore what excites you most. Whether you’re expanding your skills, tackling new challenges, or making an impact beyond the office, we provide the resources and support to help you grow in the direction that’s right for you. At KSM, your contributions matter – not just to the firm, but to your colleagues, clients, and the communities we serve across the U.S. If you’re looking for a place where you can do meaningful work, build lasting relationships, and grow in ways that align with what’s most important to you, we’d love to meet you. Noble Consulting Overview: As part of the KSM family, Noble Consulting Services, Inc. is a nationwide consulting firm based in Indianapolis providing a full range of services to insurance regulators. Through our deep experience as former regulators, big-4 managers, and insurance industry professionals, as well as highly motivated recent graduates, we are recognized for our understanding of the insurance industry, regulatory environment, and emerging challenges.  We serve regulators throughout the nation who trust us in both routine and unique situations. Position Summary: The actuary will support a team of industry professionals on various regulatory consulting projects and other insurance related engagements. Under direction of a supervising actuary, the actuary will support all seven phases of risk-focused statutory examinations of US life and A&H insurers, including but not limited to reserving, pricing, and reinsurance activities. The actuary will be responsible for assisting the supervising actuary in coordinating and implementing the actuarial portion of a financial examination, including evaluation of governance and controls of an insurer’s reserving, pricing and/or reinsurance processes and performance of substantive examination procedures. The actuary should demonstrate an understanding of the Annual Statement and associated filings prepared by US life and A&H insurance companies. The actuary may assist in reviewing premium rate and policy form filings for state insurance department clients, including evaluation of calculation methods and assumptions as necessary. The actuary may also assist with other projects providing valuation or other actuarial support to both regulatory and non-regulatory clients. This position will primarily relate to companies filing the life and A&H annual statement blank but may also perform services related to health insurers. Responsibilities:
General

• Evaluate and leverage work of others, including CPAs, actuarial and risk management professionals, and internal auditors.
• Provide support to the examination lead actuary related to actuarial process governance and controls.
• Apply the Risk Focused approach in performing financial examinations.
• Support technical reviews of complex reserving, projection and rating models of life and A&H insurers.
• Analyze and evaluate life and A&H premium rate and policy form filing support documents, including nonforfeiture compliance for life insurance and annuity filings, loss ratio and related demonstrations of the reasonableness of A&H premiums, and compliance with other laws and regulations. This may include independent testing of ratemaking, nonforfeiture demonstration or other calculations. Review requests for significant rate increases.
• Assist regulatory review of reinsurance contracts for compliance with risk transfer and related laws and statutory requirements.
• Serve as a professional advisor and subject matter expert on technical matters of an actuarial nature.
• Assist in the preparation of accurate and comprehensive reports containing findings, conclusions, and recommendations of an actuarial nature.
• Perform other related duties as required.

Service clients

• Exercise professionalism both on site and near the company.
• Manage the expectations of the client, insurer, your supervisor and other team members.
• Provide your supervisor with regular status updates.
• Dynamic flexible demeanor with superior client service skill