Mutual of Omaha Careers

As an Actuary (or Actuarial Associate, depending on experience), you’ll lead the pricing AXIS modeling and assumption setting that drives the profitability and risk profile of our flagship Term Life Answers (TLA) and Term Life Express (TLE) products. Your models and judgment will inform pricing, plan, valuation touchpoints, filings, and internal decisions across Product, Valuation, FP&A, Underwriting, and Enterprise Risk. Your efforts will have a direct and meaningful impact on the profitability of one of the company's key product lines.

WHAT WE CAN OFFER YOU: 

• Estimated Salary (Levels have variable responsibilities and qualifications): 
  • Actuarial Associate: $113,000 - $144,000, plus annual bonus opportunity.
  • Actuary: $139,000 - $177,000, plus annual bonus opportunity.
• 401(k) plan with a 2% company contribution and 6% company match.
• Work-life balance with vacation, personal time and paid holidays. See our benefits and perks page for details.
• Applicants for this position must not now, nor at any point in the future, require sponsorship for employment. 

WHAT YOU'LL DO:

• Creates and develops detailed financial projections from AXIS for product development efforts, annual business plan, and quarterly business review.
• Develops detailed product rates for new and repriced term life products.
• Responsible for pricing model design in AXIS and assumption development in Snowflake, including recommendations and communication.
• Improves Internal Term rate setting and modelling processes with a focus on operational efficiency and excellence.
• Reviews product specifications and assists in the cost/benefit analysis of changes during product detailed design or implementation.
• Analyzes financial and non-financial data to identify trends or indicators and makes recommendations related to management of the product or product grouping based on analysis of the results.
• Prepares actuarial memoranda on internal documentation or for external state insurance departments, subject to approval by product director.
• Conducts special analytical projects related to new opportunities and the management of both financial and non-financial aspects of the product or product grouping.
• Identifies and assesses risk in actuarial models and responsibilities. Complies with actuarial standards of practice, precepts and enterprise risk management responsibilities. Supports enterprise wide risk management initiatives.
• Assists in planning, organizing, staffing, and/or leading staff. This includes assigning and checking work, conducting on-the-job training, and providing input for performance appraisal(s) of entry level actuarial staff.
• Assists in developing and maintaining an engaged and accountable workforce and maintaining a fair and equitable working environment.

WHAT YOU’LL BRING:

• Minimum of an ASA required, FSA preferred
• Modeling experience required, AXIS experience preferred
• Bachelor’s in actuarial science, Math, Economics or related field
• Aptitude for statistical interpretation; a working knowledge of accounting practices, actuarial assumptions and formulae
• Leadership, communication, presentation, and analytical skills
• Creativity, curiosity, awareness of emerging environmental and industry trends, and strong problem-solving acumen using business-oriented solutions 
• You promote a culture of diversity and inclusion, value different ideas and opinions, and listen courageously, remaining curious in all that you do.
• Able to work remotely with access to a high-speed internet connection and located in the United States or Puerto Rico.

We value diverse experience, skills, and passion for innovation. If your experience aligns with the listed requirements, please apply! 

If you have questions about your application or the hiring process, email our Talent Acquisition area at careers@mutualofomaha.com. Please allow at least one week from time of applying if you are checking on the status.

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