Actuarial Consultant

$84,000 - $155,000/Yr

Unclassified - Lake City, MN

Full-time - Senior

Lake City, MN

About the position

The Principal Actuary position at Securian Financial is a key role within the Enterprise Risk Management (ERM) Actuarial Team, focusing on enhancing the company's risk management framework. This position offers the opportunity to engage in governance committees, support asset-liability management (ALM) strategies, and contribute to the overall enterprise risk framework, making it a highly visible and impactful role.

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.