Senior Life Actuary Objective
To provide life actuarial programs, spreadsheets, reports, models, and supporting information for preparation of specific financial reporting, product development, and regulatory and analytical tasks. To incorporate new methodologies into actuarial functions.
Senior Life Actuary Responsibilities
Oversee and monitor monthly and annual experience studies and make recommendations for modeling assumptions, including mortality and persistency assumptions.
Oversee the monitoring of major pricing assumptions for all products. Oversee the design and pricing new products consistent with the corporate objectives and needs. Maintain up-to-date information on changes in products offered by other life insurance companies.
Oversee and develop recommendations for interest rates and other non-guaranteed elements for existing products.
Senior Life Actuary Qualifications
Required Bachelor's degree required, preferably in mathematics, statistics or actuarial science.
Five years life actuarial experience required.
Working knowledge of Microsoft Office products (e.g., Word and Excel) required.
Willingness to pursue continuing job-related training and education required.
Completion of the Associate of the Society of Actuaries (ASA) designation required.
Preferred Seven years life actuarial experience preferred.
Experience in pricing, multivariate analysis, and reserving preferred.
Completion of the Fellow of the Society of Actuaries (FSA) designation preferred.
FIS Prophet modeling experience is preferred, but not mandatory.
Note: Farm Bureau offers a full benefit package including medical, dental, vision, and 401K.
PM19
At Farm Bureau Insurance we’re dedicated to serving Michigan - and only Michigan.
We were founded in 1949 by Michigan farmers—members of Michigan Farm Bureau—who wanted an insurance company that worked as hard as they did, gave honest service, and cared about Michigan’s future.
Those values still guide us today and are a big reason why we are known as Michigan’s Insurance Company, dedicated to protecting the farms, families, and businesses of this great state.
Our 450 agents across Michigan provide a full range of insurance services—life, home, auto, farm, business, retirement, Lake Estate®, and more—protecting nearly 500,000 Michigan policyholders.
One of America's Best
We’re proud that we have helped thousands of Michigan families achieve financial security through our life insurance and retirement plans. In fact, we are consistently named one of the top 50 life insurance companies in America year after year, based on strength stability and outstanding financial performance. This rate, awarded by the Ward Group, recognizes Farm Bureau Life as one of the safest life insurers in America.
We are also rated Excellent by A.M. Best, one of the top monitors of the insurance industry. Nobody cares as much about protecting you, your family, and your future as we do. Read more about our ratings here.
Mission Statement: Protecting the People of Michigan from the Risks of Everyday Life
