Enterprise Risk Actuarial Consultant

$84,000 - $155,000/Yr

Unclassified - Minnetonka, MN

Full-time - Mid Level

Minnetonka, MN

About the position

The Enterprise Risk Actuarial Consultant position at Securian Financial is a collaborative and visible role within the ERM Actuarial Team. This position focuses on providing leadership and quantitative analysis to support the company's financial risk management, capital management, and ERM governance. The consultant will lead the annual ORSA process and engage with various stakeholders to enhance the Enterprise Risk Management program, making it an excellent opportunity for professional growth in risk management.

Responsibilities

• Support Securian's ERM Governance and Risk Reporting functions
• Lead Securian's annual ORSA process, collaborating with partners across the enterprise to develop an accurate and decision useful report
• Monitor ERM best practices, leveraging external sources to assess emerging trends, tools, and strategies, and recommend and drive enhancements to Securian's ERM framework
• Collaborate with key stakeholders and ERM Governance groups to manage Securian's risk inventory
• Support development and execution of climate risk management framework, ensuring alignment with external regulatory requirements and internal risk management needs
• Lead development and execution of new or enhanced risk reporting to Securian's FRC, Risk Council, and ERM Governance Groups
• Lead ERM Governance Group structure, ensuring best practices are being followed, charters are regularly updated, facilitating cross-group collaboration, and coordinating Governance Group Chairs Committee
• Provide actuarial analysis in support of Securian's insurance risk management, including mortality, longevity, morbidity, and policyholder behavior
• Lead and/or support development and maintenance of risk management frameworks for Securian's insurance risks, including scenario testing, stress testing, risk appetite, and risk tolerances
• Perform quantitative analysis to assess risk positions and analyze impacts of potential risk management strategies, including reinsurance programs
• Collaborate with internal stakeholders to understand risk exposures and influence risk management strategies
• Lead ERM stress testing engagement in Goals and Plans, collaborating with solutions groups to collect and analyze stress testing results
• Engage senior leaders to develop and maintain enterprise risk appetite statement for individual financial risks
• Leverage external resources to understand industry trends, best practices, and available tools to measure and manage insurance risk
• Provide leadership in support of ERM initiatives including operational and financial risks, capital, and governance
• Support market segment and shared solutions initiatives, providing analysis, ERM expertise, and ensuring alignment with our risk appetite
• Communicate and influence ERM activities across Securian Financial

Requirements

• ASA or near-FSA actuarial designation
• Strong creative, analytical and problem-solving skills to analyze information and form recommendations
• Excellent verbal and written communication skills to effectively interact with a wide range of associates across the organization
• Decision-making skills and ability to act independently
• High degree of initiative and ability to identify ideas and define and complete projects which meet the objectives of the department, division, and enterprise
• Ability to assess the big picture and complete detailed analysis, and the ability to understand when each is required
• Ability to handle confidential information appropriately
• Self-motivated and flexible; ability both to work independently and to work with and receive direction from a variety of individuals
• Adaptable in a rapidly changing environment and respond to changing priorities
• Ability to work direct other associates

Nice-to-haves

• Working knowledge of ERM concepts
• Demonstrated leadership experience

Benefits

• Paid time off including personal days and vacation time
• Flexible leave programs for parental, caregiver, bereavement, and military leave
• Company-funded pension plan and a 401(k) retirement plan with contributions tied to company performance
• Health insurance including medical, dental, and vision coverage from the first day of employment
• Volunteer time and company-sponsored events
• Associate Resource Groups for various interests and affinities