Sammons Financial Group Companies
Manager & Actuary- Enterprise Risk Management
Sammons Financial Group Companies, West Des Moines, Iowa, United States, 50265
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What You Can Expect In This Role As a Manager & Actuary on Sammons Financial Group’s Enterprise Risk Management team, reporting to the VP of Enterprise Risk Management, you will apply strong knowledge of insurance products, investments, and models toward a portfolio of risk oversight responsibilities that may include Investment, Liquidity, Pricing, Reinsurance, Capital, and Model Risk. You will support management risk reporting by producing clear, well‑documented metrics and insights for senior leadership, and contribute to the development and implementation of risk frameworks, policies, and standards.
Responsibilities include creating, interpreting, and communicating complex financial models and topics; assisting in choosing appropriate modeling approaches and tools; leveraging company and industry data; and ensuring proper governance, peer review, and documentation.
You will develop relationships and collaborate with actuarial, investments, accounting, and internal audit to promote consistency, transparency, and organizational best practices in risk management.
What You’ll Do In This Role
Apply strong knowledge of Sammons Financial Group products related to area of focus. Understand new products and make recommendations regarding how to incorporate into existing models and/or actuarial processes.
Apply strong knowledge of insurance contracts and actuarial related regulations to perform existing functions. Recommend enhancements to existing processes or lead development of new processes to accommodate regulatory changes. Oversee preparation and review of materials required to comply with applicable regulations.
Develop and recommend assumptions for management approval. Oversee application of assumptions needed for actuarial calculations or financial projections. Leverage company data, industry data and/or any other information indicating a potential change in the future to justify recommendations for individual assumptions. Oversee use of actuarial models to understand and explain the impact of a change in assumptions. Ensure assumptions and sources of underlying data are well documented.
Lead staff to create, understand and interpret complex financial models. Assist in choosing the appropriate modeling approach and using the right tools and methods to maximize efficiency. Provide leadership and direction in the analysis and explanation of the results of both deterministic and stochastic projections. Ensure proper governance, peer review and documentation is completed.
Leverage knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities to understand, analyze and explain financial reporting as needed. This includes balance sheets and income statements produced by actuarial models. Assist in interpreting and implementing changes in accounting and/or actuarial standards.
Lead staff to create spreadsheets, databases and other data analytic software as needed to perform data analysis and summarize, manipulate, transform and aggregate data efficiently and accurately. Present aggregated data verbally, numerically, graphically or in another written format to highlight key features to inform management decisions. Oversee checks to confirm the robustness of the data and analysis.
Understand concepts of relevant actuarial risks and the implications of failing to manage risk. Direct team to quantify risk exposure and use model projections to produce management information to measure and monitor on‑going exposure. Assist in developing risk mitigation techniques which may include product changes or new product designs.
Develop and manage a team of actuaries and/or analysts. Manage and lead multiple projects. Effectively plan and prioritize your team’s work in accordance with broader department objectives and priorities. Provide technical guidance to the team and review their work for accuracy. Execute performance management responsibilities on a timely basis.
Develop relationships and collaborate with other departments and business units. Communicate effectively with other actuarial teams to ensure consistency in modeling approaches and assumptions across actuarial functions. As needed, oversee preparation of actuarial calculations to support administration or test IT functionality.
Enhance and develop personal and professional skills through the Society of Actuaries’ exam or continuing education requirements. Attending actuarial‑related conferences is strongly encouraged.
What We’re Looking For
Bachelor’s Degree preferably in mathematics or a business‑related field (Required)
6–8 years’ experience in the field of Actuarial Science (Required)
Superior level of mathematical ability, attention to detail, and strong analytical skills.
Strong computer skills including proficiency in applicable technical tools.
Strong written and verbal communication skills, including ability to present highly technical information to non‑technical audiences.
Knowledge of the insurance industry, preferably in individual life and annuities.
Ability to identify and direct the analysis of problems or questions and provide recommendations to appropriate audiences.
Experience leading projects and/or supervising work of others is preferred.
Ability to work both individually and as part of a team.
Highly organized with demonstrated ability to prioritize multiple projects and to switch priorities as necessary.
Ability to work effectively in an office environment.
Commitment to embrace SFG shared values (Respect, Accountability, Integrity, and Openness).
FSA required or actively pursuing completion of FSA/ASA.
Other Requirements
Due to the financial nature and level of accountability of this position, a credit and criminal background check is required.
What You Can Expect When You Join Sammons Financial Group
Competitive benefit package: Health, Dental, Vision, Company‑Paid Retirement, PTO and Holiday Pay.
Employee Stock Ownership Plan (ESOP): 100% company‑funded retirement plan.
Balanced work‑life: Friday afternoons off all year, competitive PTO, generous paid holidays.
Incentive program for defined goals based on individual and/or company performance.
Culture of support, core values, high performance.
Salary Range Information USD $127,322.00 – USD $212,203.00 per year. Specific range depends on the labor market where the incumbent will be hired. Starting salary depends on qualifications and experience. For a narrower range specific to your labor market, please inquire.
Work Authorization / Sponsorship At this time, we are not considering candidates requiring immigration sponsorship now or in the future, nor those needing work authorization for this role (including students on F1‑OPT, F1‑CPT, J‑1, etc.).
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What You Can Expect In This Role As a Manager & Actuary on Sammons Financial Group’s Enterprise Risk Management team, reporting to the VP of Enterprise Risk Management, you will apply strong knowledge of insurance products, investments, and models toward a portfolio of risk oversight responsibilities that may include Investment, Liquidity, Pricing, Reinsurance, Capital, and Model Risk. You will support management risk reporting by producing clear, well‑documented metrics and insights for senior leadership, and contribute to the development and implementation of risk frameworks, policies, and standards.
Responsibilities include creating, interpreting, and communicating complex financial models and topics; assisting in choosing appropriate modeling approaches and tools; leveraging company and industry data; and ensuring proper governance, peer review, and documentation.
You will develop relationships and collaborate with actuarial, investments, accounting, and internal audit to promote consistency, transparency, and organizational best practices in risk management.
What You’ll Do In This Role
Apply strong knowledge of Sammons Financial Group products related to area of focus. Understand new products and make recommendations regarding how to incorporate into existing models and/or actuarial processes.
Apply strong knowledge of insurance contracts and actuarial related regulations to perform existing functions. Recommend enhancements to existing processes or lead development of new processes to accommodate regulatory changes. Oversee preparation and review of materials required to comply with applicable regulations.
Develop and recommend assumptions for management approval. Oversee application of assumptions needed for actuarial calculations or financial projections. Leverage company data, industry data and/or any other information indicating a potential change in the future to justify recommendations for individual assumptions. Oversee use of actuarial models to understand and explain the impact of a change in assumptions. Ensure assumptions and sources of underlying data are well documented.
Lead staff to create, understand and interpret complex financial models. Assist in choosing the appropriate modeling approach and using the right tools and methods to maximize efficiency. Provide leadership and direction in the analysis and explanation of the results of both deterministic and stochastic projections. Ensure proper governance, peer review and documentation is completed.
Leverage knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities to understand, analyze and explain financial reporting as needed. This includes balance sheets and income statements produced by actuarial models. Assist in interpreting and implementing changes in accounting and/or actuarial standards.
Lead staff to create spreadsheets, databases and other data analytic software as needed to perform data analysis and summarize, manipulate, transform and aggregate data efficiently and accurately. Present aggregated data verbally, numerically, graphically or in another written format to highlight key features to inform management decisions. Oversee checks to confirm the robustness of the data and analysis.
Understand concepts of relevant actuarial risks and the implications of failing to manage risk. Direct team to quantify risk exposure and use model projections to produce management information to measure and monitor on‑going exposure. Assist in developing risk mitigation techniques which may include product changes or new product designs.
Develop and manage a team of actuaries and/or analysts. Manage and lead multiple projects. Effectively plan and prioritize your team’s work in accordance with broader department objectives and priorities. Provide technical guidance to the team and review their work for accuracy. Execute performance management responsibilities on a timely basis.
Develop relationships and collaborate with other departments and business units. Communicate effectively with other actuarial teams to ensure consistency in modeling approaches and assumptions across actuarial functions. As needed, oversee preparation of actuarial calculations to support administration or test IT functionality.
Enhance and develop personal and professional skills through the Society of Actuaries’ exam or continuing education requirements. Attending actuarial‑related conferences is strongly encouraged.
What We’re Looking For
Bachelor’s Degree preferably in mathematics or a business‑related field (Required)
6–8 years’ experience in the field of Actuarial Science (Required)
Superior level of mathematical ability, attention to detail, and strong analytical skills.
Strong computer skills including proficiency in applicable technical tools.
Strong written and verbal communication skills, including ability to present highly technical information to non‑technical audiences.
Knowledge of the insurance industry, preferably in individual life and annuities.
Ability to identify and direct the analysis of problems or questions and provide recommendations to appropriate audiences.
Experience leading projects and/or supervising work of others is preferred.
Ability to work both individually and as part of a team.
Highly organized with demonstrated ability to prioritize multiple projects and to switch priorities as necessary.
Ability to work effectively in an office environment.
Commitment to embrace SFG shared values (Respect, Accountability, Integrity, and Openness).
FSA required or actively pursuing completion of FSA/ASA.
Other Requirements
Due to the financial nature and level of accountability of this position, a credit and criminal background check is required.
What You Can Expect When You Join Sammons Financial Group
Competitive benefit package: Health, Dental, Vision, Company‑Paid Retirement, PTO and Holiday Pay.
Employee Stock Ownership Plan (ESOP): 100% company‑funded retirement plan.
Balanced work‑life: Friday afternoons off all year, competitive PTO, generous paid holidays.
Incentive program for defined goals based on individual and/or company performance.
Culture of support, core values, high performance.
Salary Range Information USD $127,322.00 – USD $212,203.00 per year. Specific range depends on the labor market where the incumbent will be hired. Starting salary depends on qualifications and experience. For a narrower range specific to your labor market, please inquire.
Work Authorization / Sponsorship At this time, we are not considering candidates requiring immigration sponsorship now or in the future, nor those needing work authorization for this role (including students on F1‑OPT, F1‑CPT, J‑1, etc.).
#J-18808-Ljbffr