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Unum
ME, United States (on-site)
30+ days ago
Unum
Maine, United States (on-site)
30+ days ago

Description

When you join the team at Unum, you become part of an organization committed to helping you thrive.

Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life's moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide:
  • Award-winning culture
  • Inclusion and diversity as a priority
  • Competitive benefits package
  • Generous PTO (including paid time to volunteer!)
  • Up to 9.5% 401(k) employer contribution
  • Mental health support
  • Career advancement opportunities
  • Student loan repayment options
  • Tuition reimbursement
  • Flexible work environments


And that's just the beginning…

With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you're directly supporting a growing family, or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today!

General Summary:
The Actuarial Development Program (ADP) at Unum has been in existence for over 40 years, and provided guidance and support to hundreds of actuaries early in their careers. Many have built on the foundation provided by the ADP and grown into executive leaders at Unum and across the insurance industry.

Unum's ADP is built around three key elements:

• Targeted development of actuarial, financial and leadership skills
• Rotational work assignments to promote broad business awareness
• Comprehensive exam support towards the pursuit of Fellowship
Each ADP participant has a unique development plan based on their own abilities, experience and career aspirations. Development opportunities are offered in forums including on-the-job training, classroom training, leadership programs, and speaker series. In addition, all ADP participants have frequent interaction with corporate officers.

Roughly every 18 months, ADP participants rotate to a new area of the business to learn a new product or discipline, gain new perspectives, and continue their development as actuaries. Traditional actuarial rotations take place in areas such as pricing, reserve valuation, and claims risk analysis, but some rotations extend well beyond traditional financial roles.

Unum expects ADP participants to make consistent progress towards Fellowship. The exam process is rigorous, and Unum recognizes this by providing significant assistance and rewards to reflect the commitment required. Our Actuarial Education Program provides company-paid study time, covers the cost of textbooks, study guides, preparatory seminars, and exam fees, and offers generous salary increases for each exam passed.

This is an intermediate level position, which requires increasing technical expertise and decision making. This individual will begin to identify issues and begin participating in project work primarily within the functional area, with mentoring from senior actuaries. Minimum qualifications include passing 4 actuarial exams and having a minimum of 12 months relevant experience. There are no direct reports associated with this position.

Principal Duties and Responsibilities
  • Prepare and analyze complex data for use in actuarial experience studies, valuation, or pricing projects
  • Provide significant support for development of pricing and underwriting tools
  • Develop reserve factors, analyze reserves and monitor reserve changes
  • Develop experience analysis reviews
  • Support maintenance of valuation system
  • Support preparation of financial reports and tax returns
  • Provide increasing support for underwriting case specific questions
  • Contribute to product development and repricing initiatives
  • Begin working with product, underwriting, compliance, risk management, investments and other areas on specific initiatives; communicate project status within functional area
  • Support preparation of state filing packages
  • Assist in training interns and entry level student actuaries
  • Prepare routine reports
  • Expected to pursue membership in the Society of Actuaries through the examination process
  • May perform other duties as assigned


Job Specifications
  • Bachelors Degree required
  • Credit for at least four exams
  • A minimum of 12 months hands-on experience and in-depth knowledge of business analysis, pricing, valuation, ALM or corporate experience
  • Strong problem solving ability and developing project management skills
  • Hands on experience with current technology (excel, one programming language, plus mainframe systems or database utility)
  • Solid written and verbal communication skills
  • Demonstrated leadership ability


#LI-AF1

~IN1

Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide. Headquartered in Chattanooga, TN, with international offices in Ireland, Poland and the UK, Unum also has significant operations in Portland, ME, and Baton Rouge, LA - plus over 35 US field offices. Colonial Life is headquartered in Columbia, SC, with over 40 field offices nationwide.

The base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location and experience.
$73,300.00-$139,200.00

Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including performance-based incentives, healthcare benefits, insurance benefits, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not. All benefits are subject to the terms and conditions of individual plans.

Company:
Unum

Job Information

  • Job ID: 67222894
  • Workplace Type: On-Site
  • Location:
    Maine, United States
  • Company Name For Job: Unum
  • Position Title: Senior Actuarial Assistant
  • Job Function: Actuary
  • Job Type: Full-Time
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