Actuarial Consultant

$84,000 - $155,000/Yr

Unclassified - Rochester, MN

Full-time - Principal

Rochester, MN

About the position

The Principal Actuary position is a key role within the ERM Actuarial Team at Securian Financial, focusing on Enterprise Risk Management (ERM). This position offers an opportunity to engage in various aspects of risk management, asset liability management (ALM), and strategic initiatives, while collaborating with cross-functional teams and governance committees to enhance the overall risk framework.

Responsibilities

• Support risk management of Securian's liability-based investment portfolios, establishing appropriate risk tolerances and effective ALM.
• Lead analysis of ALM-related risk frameworks (liquidity, credit, and interest rate risk), including explanation of results and developing recommendations for management actions.
• Engage with ALM Group, presenting and generating topics as needed, and executing policies set forth by the group.
• Provide thought leadership to ALM reporting, assumption-setting, and financial projections.
• Lead cross-functional projects to enhance ALM risk frameworks.
• Support annual Strategic Asset Allocation process, including oversight of risk/return quantification, balance sheet projections, and engagement with stakeholders.
• Collaborate with Solutions Groups on strategic ALM initiatives to drive growth and profitability of products within risk appetite.
• Partner with Securian Asset Management on General Account strategy, leading risk analysis and facilitating appropriate governance and monitoring for new asset strategies.
• Lead education and engagement efforts to ensure strong ALM risk culture and awareness.
• Provide leadership on enterprise committees/governance groups, where appropriate.
• Aid in preparation and present as needed to executive risk committees (Risk Council, etc.).
• Serve as ERM representative on enterprise projects.
• Contribute expertise to ERM initiatives including ORSA, Embedded Value, and capital management.

Requirements

• ASA or near-FSA actuarial designation.
• Strong analytical and problem-solving skills along with curiosity and initiative necessary to analyze product designs, risk, and other project results.
• Solid technical aptitude with the ability to learn and use a variety of tools.
• Written, oral and interpersonal communication skills to effectively interact with management, actuarial, underwriting and distribution associates.
• Self-motivated and flexible; ability to work independently and as part of a team.

Benefits

• Paid time off including personal days and vacation time.
• Flexible leave programs for parental leave, caregiver leave, bereavement, and military leave.
• Company-funded pension plan and a 401(k) retirement plan with contributions tied to company performance.
• Health insurance coverage for associates and eligible family members from the first day of employment.
• Volunteer time off and a dollar-for-dollar matching gift program for community support.
• Associate Resource Groups for various interests and affinities, including mental wellness, pride, multiculturalism, and women and allies.