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Enterprise Risk Actuarial Consultant

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Securian Financial Group

2024-11-05 08:39:26

salary: 155000.00 US Dollar . USD Annual

Job location Minneapolis, Minnesota, United States

Job type: fulltime

Job industry: Banking & Financial Services

Job description

Summary:

This Actuarial Consultant position is a highly collaborative and visible role as part of the ERM Actuarial Team. ERM is a dynamic function that collaborates with our solutions groups, shared solutions, and senior leadership to further the company's ERM objectives. The ERM Actuarial team provides leadership, along with quantitative and qualitative analysis, in support of Securian's financial risk management, capital management, ERM governance, and risk reporting. This is an excellent opportunity to broaden your knowledge and skillset to all aspects of our Enterprise Risk Management program. In this role, you will lead the annual ORSA process partnering with associates across the organization and be part of a collaborative team providing actuarial analysis and leadership on a variety of risk topics.

Responsibilities include but not limited to:

1. 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
2. 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 b. 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
3. Provide actuarial leadership in support of ERM projects and initiatives
  • Provide leadership in support or 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. Lead engagement with solutions groups where aligned with core responsibilities.
  • Communicate and influence ERM activities across Securian Financial
Qualifications:
  • 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 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.
Preferred Qualifications:
  • Working knowledge of ERM concepts
  • Demonstrated leadership experience
Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. If you're in a commutable distance (90 minutes) you'll join us 2-3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules. When working in our offices at least two days per week isn't feasible (vacations, illness, travel, etc.), an eight day per month standard is an option.

Physical Job Requirements:
  • Ability to utilize the keyboard, computer and/or mouse for up to 8 hours per day
  • Ability to work at least 40 hours per week
  • Ability to utilize the phone and/or virtual meeting platform for 1-4 hours per day
The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of jobs.

The estimated base pay range for this job is:

$84,000.00 - $155,000.00

Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a with a member of the Securian Financial Talent Acquisition team.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job - it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:
  • We want you to take time off for what matters most to you. During your first year of hire, you receive a prorated bank of personal days and vacation time depending on your month of hire.
  • Leave programs: Securian's flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian's 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members - including spouses, domestic partners and children - are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:
  • Mental Wellness and Disability
  • Pride at Securian Financial
  • Securian Young Professionals Network
  • Securian Multicultural Network
  • Securian Women and Allies Network
  • Servicemember Associate Resource Group
For more information regarding Securian's benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at , by telephone (voice), or 711 (Relay/TTY).

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