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Sr Actuarial Consultant

AFLAC locationFarmington, CT
82 positions

Web Mktg Technology Specialist

AFLAC locationFarmington, CT
82 positions
info linkReport a probelm Originally Posted : April 11, 2021 | Expires : May 11, 2021


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Job Location
Farmington, CT, United States


Position Summary

The Company



The Location



The Division

Group Life & Disability


The Opportunity

Sr. Actuarial Consultant


Job Summary


This position is responsible for financial reporting, experience analysis, and business analytics to drive quality/service enhancements and other appropriate actions on Aflac PLADS business.


Principal Duties & Responsibilities


Performs monthly financial closing tasks and prepares for monthly/quarterly experience reports on our Group Life and Disability lines of business


Coordinates, prepares, and performs actuarial analysis; analyzes loss experience and trends


Builds and maintains group insurance database and associated reporting tools to support pricing and actuarial analysis initiatives for life/disability products


Creates/presents recommendations to executive management seeking approval of recommended process improvements


Assesses progress and variances from the project plan, gathers metrics to support variance findings, and develops and implements changes, as necessary, to ensure that the initiative/project remains within specified scope, time, cost, and quality objectives, and further defines project needs and schedules, as necessary

Assists in continual development and improvement of the business process re-engineering and business process improvement methodologies


Leads and manages PLADS business initiatives/projects to identify areas for improvement; collects and interprets operational data and metrics identifying patterns and trends in data sets; leads specific project activity to enhance analysis of performance for the business unit; recommends methods and ways to improve quality and efficiency of data systems; works alongside teams within the business or the management team to establish business needs


Evaluates and reviews business initiatives for the relevant business unit, providing a consistent and thorough approach to the evaluation of opportunities; recommends solutions to complex problems and generates business insight by combining big picture view with results of own analysis and others analysis


Assures projects are completed on time, within budget, and that customer expectations are met; analyzes proposed changes in processes to determine effects of changes to interrelated processes


Performs other duties as assigned


Education & Experience


Minimum Required Bachelors Degree In Business Administration, Statistics, Computer Science, or a related field


Minimum Required 5+ years of Group Life & Disability product related work experience in business experience analysis & experience reporting


Preferred Programming and database experience


Preferred Completion of multiple Society of Actuaries (SOA) exams and commitment to completing exams leading to an Associate of the Society of Actuaries (ASA) designation or equivalent


Or an equivalent combination of education and experience



Job Knowledge & Skills


Experience in data models and reporting packages


Strong analytical thinking & business acumen


Ability to write comprehensive reports


Strong verbal and written communication skills


An analytical mind and inclination for problem-solving


Attention to detail


Working knowledge of the tools, concepts methodologies, and techniques of business process analysis and modeling, such as root cause analysis, cost/benefit analysis, process mapping/simulation, problem identification and interpretation, process change management, and performance measures


In depth knowledge of business operations and requirements and business modeling concepts


Strong analysis skills with ability to perform data analysis to draw conclusions, support recommendations and/or test hypotheses


Ability to independently lead and facilitate process improvement projects with customers, including asking the right questions, listening and guiding the overall process


Ability to apply frameworks and problem solving methodologies to unstructured problems


Ability to demonstrate value creation for customers


Ability to successfully manage relationships with customers


An in-depth knowledge of effective program change control, knowledge of full project life cycle systems development, and project management methods and practices


Excellent presentation, oral, written, and interpersonal communications skills to effectively interact and negotiate with internal/external customers and all levels of management; ability to maintain professionalism