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Actuarial Analyst (Internal Audit) - Omaha, NE

Apply now Job no: 495429
Work type: Full Time Regular
Location: Nebraska
Categories: Actuarial, Finance/Accounting

Contribute to the completion of the internal audit plan through the effective review, verification, examination, and recalculation of product performance/financial information/market risk/actuarial data and models. May lead and/or direct the work of others.

Essential Job Functions:

  • Participate as a member of the audit team providing subject matter expertise to actuarial, financial, product, and risk framework audits.
  • Plan, direct, assign, and monitor assigned phases of audit work, ensuring that results are timely, accurate, and consistent with project objectives. Coordinate work with other departments as project leader.
  • Evaluate and recalculate rate development for new products, product modifications, product specifications, rate assumptions, and re-rating activity.
  • Review mathematical reasonableness of valuation reserve calculations considering product design elements and data inputs.
  • Evaluate conceptual design and general reasonableness of assumptions for financial projection, market and capital risk management models.
  • Analyze product, valuation reserve, risk management, and/or other financial/non-financial data to identify trends or indicators. Verify the accuracy of numerous reports and underlying data/calculations. Provide interpretive insights based on analysis of the results.
  • Review system/model inputs and outputs for audited processes. Evaluate completeness of data and accuracy of mapping and aggregations.
  • Uses business understanding to evaluate problems and potential solutions. Effectively communicates audit issues.
  • Create audit engagement plans based on the risk and its impact on the organization; ensuring that the scope of work is appropriate for the audit assignment.
  • Select and apply the appropriate tools and techniques to data gathering, analysis and interpretation, and reporting.
  • Maintain industry specific knowledge appropriate to the organization, assigned audit engagements, and advisory projects.
  • Identify and escalate strategic implications to the organization from audit issues. Ensure management actions have been effectively implemented through timely and consistent communication.
  • This position requires extensive or prolonged typing/keyboarding.
  • This position requires sitting over 66% of the time.
  • This position requires Visual Acuity at 20 inches (or less) over 66% of the time.

Minimum Qualifications:

  • 3+ years of insurance industry and/or company experience.
  • 1+ years supervisory/project lead experience
  • Background in math, statistics, economics, or finance.
  • Bachelor degree in relevant field of study (Actuarial Science, Mathematics, Statistics, Economics, Finance, or other related business field).
  • Superior aptitude for statistical interpretation, a working knowledge of modeling assumptions, formulas, and practices.
  • Ability to demonstrate a high-level of analytical and problem-solving skills.
  • Awareness of actuarial modeling concepts and model risk management framework.
  • Understanding of risk management concepts such as risk appetite, risk tolerance, inherent risk, and residual risk, and how to apply them within business processes.
  • Ability to express thoughts, ideas, concepts in a clear and articulate manner using strong verbal and written communication and presentation skills.
  • Ability to sustain working relationships with diverse teams, and individual stakeholders at all levels of the organization to achieve department and enterprise goals.
  • Understanding of insurance industry operational and compliance concepts.
  • Understanding of the organization's industry; including markets, competitors, and industry risks.
  • Advanced knowledge of MS Office Tools (Word, Excel, PowerPoint, Access) including application in a business environment.
  • Demonstrated project management skills with the ability to influence others to accomplish projects.
  • Ability to lead engagements within the organization's audit methodology to meet the audit engagement objectives.
  • Experience in reviewing controls related to relevant fields of experience

Preferred Qualifications:

  • 5+ years of insurance industry and/or company experience.
  • Seasoned background in math, statistics, economics, or accounting/finance.
  • Master's degree in relevant field of study (Actuarial Science, Mathematics, Statistics, Economics, Finance, or other related business field).
  • Professional certifications from one of the following credentialing organizations: Global Association of Risk Professionals, Society of Actuaries, CFA Institute, Investment Training and Consulting Institute, or the Financial Modeling Institute.
  • Experience in processes related to actuarial modeling, market risk management, insurance product pricing, valuation reserves, or investment portfolio management.
  • Experience with modeling tools such as MG-ALFA, Case, ArcVal, AXIS, etc.
  • Understanding of internal controls frameworks, such as the COSO Internal Control - Integrated Framework, including: proper control design and implementation and corresponding control objectives, components, and principles.
  • Understanding of risk management frameworks, such as the COSO Enterprise Risk Management - Integrated Framework, including: risk appetite, risk tolerance, inherent risk, and residual risk, and how to apply them within business processes.
  • Understanding of the organization's strategy and how strategic objectives impact and link to audit work.

If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at 1-800-780-0304. We are available Monday through Friday 7 am to 4:30 pm CST.

For all other inquiries, contact our HR Helpline at 1-800-365-1405.

Mutual of Omaha and its affiliates are an Equal Opportunity /Affirmative Action Employer, Minorities/Female/Disabled/Veteran

To All Recruitment Agencies: We do not accept unsolicited agency resumes and we are not responsible for any fees related to unsolicited resumes.

Advertised: Central Standard Time
Applications close:

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