TIAA Actuary in Charlotte, North Carolina
The Actuary contributes to actuarial activities relating to management and distribution of surplus, statutory and tax reserving, asset adequacy analysis, asset-liability management, assumption setting, experience studies, pension plan design, benefit illustrations, and actuarial standards and policies. Under minimal supervision, this job requires compliance with actuary practices and continual monitoring of changing regulations to ensure consistent compliance and delivery of optimal solutions for both internal and external clients.
Key Responsibilities and Duties
Conducts analysis, pricing and risk assessment to estimate financial outcomes of diverse scenarios and minimize risk.
Analyzes and interprets results of catastrophic modeling software and makes recommendations to business leaders.
Lends advice and consulting services to internal and external clients on policies, eligibility, rates and benefits.
Develops probability tables based on analysis of statistical data and other pertinent information, while maintaining up-to-date knowledge on government and industry regulations affecting the business at large.
Provides reports on regulatory changes and their impact on relevant programs.
Ensures long-term profits and competitive rates through administering proper plans.
- University (Degree) Preferred
4+ years Required
7+ years Preferred
- Physical Requirements: Sedentary Work
4+ years of Actuarial Experience
Associate of Society of Actuaries or equivalent
7+ years of actuarial experience preferred
Fellow of Society of Actuaries (FSA)
Microsoft Excel, VBA, R, Python, Tableau
Familiarity with MG-ALFA
Experience with financial projections/planning & analysis, stress testing, capital management, and familiarity with statutory and management basis financials, for both assets and liabilities.
Knowledge of statutory and management basis financial reporting and projections, for both assets and liabilities, will be needed
A deep understanding of various aspects of a complex financial services organization (e.g. legal structure, sensitivity of different businesses to economic factors, etc.)
In-depth knowledge of TIAA’s annuity and insurance products, and familiarity of with TIAA’s other businesses (asset management, recordkeeping, etc.)
ADDITIONAL JOB RESPONSIBILITIES:
Perform corporate financial planning and scenario analyses to help assess financial impacts across a range of economic and other scenarios.
Responsible for corporate financial plans, forecasts, stress testing, and supporting other corporate projects and strategic initiatives.
Effectively communicate, collaborate, and negotiate with various other teams to ensure successful outcomes (Risk Management, GAO, CFP&A, Business Finance Office, Corporate Controllership, Corporate Strategy, Corporate Tax, Risk Management, Actuarial Modeling & Experience Studies, etc.).
As a key user of actuarial models (specifically the M-STAR modeling platform (MG-ALFA)), work with modeling teams to relay requirements, test results, and ensure models appropriately support emerging developments. The ability to intimately learn M-STAR’s capabilities will be needed.
This position involves engaging in inter-dependent complex coordination with numerous internal business partners, both actuarial and non-actuarial. Participation on cross-functional project teams is necessary. Supporting requests from internal and external auditors is also frequently necessary. Such interactions require broad and deep knowledge TIAA’s business and processes, responsiveness, and negotiation skills.
Presentations of data and recommendations to committees and other groups.
Ability to effectively relay complex concepts to non-technical audiences.
In-depth knowledge of TIAA’s annuity and insurance products, and familiarity of with TIAA’s other businesses (asset management, recordkeeping, etc.).
Base Pay Range: $95,600/yr. - $159,400/yr.
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
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TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.