Staff Actuary I, Expense Actuary
Description
We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they’ve been given.
At our core, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.
Job Summary
Work effectively with multiple stakeholders to update, refine, and implement expense assumptions into actuarial processes. Supports initiatives and takes ownership of project assignments in product development, pricing, valuation and/or risk management. Participates in actuarial student program.
Job Responsibilities and Duties
- Assist in creating and refining expense allocation methodologies that ensure accurate and consistent distributions of costs across Thrivent’s insurance products.
- Develop, maintain, and refine models to forecast and allocate expenses from across the organization.
- Work closely with other teams to align on cost assumptions, risk factors, and trends.
- Aid in annual regulatory exercises such as Cash Flow Testing and Illustration Testing.
- Research, develop, document and recommend appropriate assumptions and methods to use in models.
- Perform and/or lead analysis, testing and evaluation of produced outcomes.
- Contribute to a variety of diversified and challenging projects, potentially lead some portions of projects, and perform some regular procedures.
- Continue progression through Society of Actuaries exams and apply actuarial principles learned in exams.
- Models Thrivent’s leadership competencies – Courage, collaboration, and commitment by demonstrating resiliency, working together to make the best decisions, and holding themselves and other accountable.
- Supports and/or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients. Shapes and/or supports a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent’s trust and reputation remain strong with its clients.
Job Qualifications
Required:
- Bachelor's degree.
- ASA & MAAA.
- 2 years’ experience.
Additional Information
- This position allows a flexible work arrangement meaning you may work on-site and/or remotely from the Minneapolis, MN or Appleton, WI area.
Pay Transparency
Thrivent’s long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent. The applicable salary or hourly wage range for this full-time role is $102,023.00 - $138,032.00 per year, which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important.
Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives. That extends to our benefits.
The following benefits may be offered: various bonuses (including, for example, annual or long-term incentives); medical, dental, and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits, and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan/policy documents. Thrivent’s plans/policies are subject to change at any time at Thrivent’s discretion.
Thrivent provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex, gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state, or federal law. This policy applies to all employees and job applicants.
Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation, please let us know by sending an email to [email protected] or call 800-847-4836 and request Human Resources.
