Actuarial Trainee, Supplemental Health Valuation - REMOTE

CNO Financial Group·Remote(United States)
Healthcare
Excel

WFA Digital Insight

The demand for skilled actuaries in the health insurance sector has seen significant growth, with a 25% increase in job openings over the past year. As the insurance landscape evolves, companies like CNO Financial Group are seeking talented professionals to drive business decisions with data-driven insights. With a strong foundation in actuarial science and a knack for analysis, candidates can leverage this role to launch their career in a field where technical expertise and business acumen are highly valued. Before applying, it's essential to understand the company's commitment to flexible work arrangements and its emphasis on professional development, including support for pursuing actuarial exams.

Job Description

About the Role

The Actuarial Trainee position at CNO Financial Group is a critical role within the company's supplemental health valuation team. This role is designed for individuals who are passionate about applying mathematical and statistical techniques to real-world problems in the insurance industry. As an Actuarial Trainee, you will be responsible for gathering, preparing, and analyzing data to provide insightful reports that inform business decisions. This is a unique opportunity to join a team of professionals who are dedicated to securing the future of middle-income America through life and health insurance, annuities, financial services, and workforce benefits.

The day-to-day responsibilities of this position will involve working closely with senior actuaries to perform analyses, prepare reports, and communicate complex technical information to both internal stakeholders and external partners. Your work will directly contribute to the valuation, projection, and reporting of supplemental health business for CNO's insurance companies. This role is part of an actuarial student program, which means you will have the opportunity to progress through the actuarial educational system while gaining practical experience in the field.

Given the nature of this role, candidates should be comfortable working in a fast-paced environment where priorities can shift quickly. Strong communication skills, both written and verbal, are essential for success in this position. The ability to work independently and as part of a team, managing multiple projects simultaneously, will also be crucial.

What You Will Do

  • Gather and analyze data related to supplemental health insurance products to support business decisions.
  • Prepare and present reports and studies to internal stakeholders, including senior management and actuaries.
  • Assist in the development and maintenance of databases and spreadsheets used for actuarial analyses.
  • Collaborate with cross-functional teams to ensure data integrity and consistency across different business segments.
  • Develop and maintain technical documentation of actuarial models and methodologies used in analyses.
  • Support the preparation of regulatory filings and other external reports as required.
  • Perform peer review of actuarial work to ensure quality and consistency.
  • Stay abreast of industry trends and regulatory changes that could impact actuarial practices and business operations.
  • Participate in professional development activities, including pursuing actuarial exams and attending industry conferences.
  • Contribute to the development of new actuarial tools and methodologies to enhance business capabilities.

What We Are Looking For

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
  • Successful completion of at least one actuarial exam.
  • Proficiency in Microsoft Excel and experience with other spreadsheet, database, and word processing applications.
  • Strong analytical and problem-solving skills, with the ability to interpret complex data sets.
  • Excellent written and verbal communication skills, with the ability to present technical information to non-technical stakeholders.
  • Ability to work in a team environment and collaborate with colleagues at all levels.
  • Strong organizational skills, with the ability to prioritize tasks and manage multiple projects simultaneously.
  • Familiarity with programming languages such as SAS, R, or Python is a plus.

Nice to Have

  • Prior experience with actuarial software such as PolySystems.
  • Knowledge of insurance industry regulations and standards.
  • Experience working in a remote or distributed team environment.
  • Familiarity with data visualization tools to present complex data insights.

Benefits and Perks

  • Competitive salary within the range of $67,000 to
    00,400 annually, depending on experience and location.
  • Performance-based bonus or sales incentive.
  • 401(k) retirement plan with company match.
  • Medical, Dental, and Vision insurance.
  • Short-term and long-term disability insurance.
  • Paid time off and 10 corporate holidays.
  • Paid parental leave.
  • Company-paid life insurance.
  • Mental and Financial Well-being resources.
  • Flexible work arrangement with the option to work fully remote from any US-based location.
  • Opportunities for professional growth and development, including support for pursuing actuarial exams and certifications.

How to Stand Out

  • Tailor Your Resume: Ensure your resume highlights any relevant coursework, certifications, or experience in actuarial science, statistics, or mathematics.
  • Prepare for Common Actuarial Interview Questions: Familiarize yourself with common interview questions for actuarial roles, such as those related to probability, statistics, and data analysis.
  • Develop a Strong Understanding of Actuarial Concepts: Review key actuarial concepts and be prepared to apply them to hypothetical scenarios or case studies presented during the interview.
  • Showcase Your Analytical Skills: Be ready to provide examples of times when you had to analyze complex data sets or problems and how you approached those challenges.
  • Research the Company: Understand CNO Financial Group's business segments, its commitment to middle-income America, and how the actuarial team contributes to the company's mission.
  • Be Prepared to Discuss Your Career Goals: Clearly articulate your long-term career goals in the actuarial field and how this role at CNO Financial Group aligns with those aspirations.
  • Ask Informed Questions: Prepare thoughtful questions to ask the interviewer about the role, the team, and opportunities for growth and professional development within the company.

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