Job Description
Note: The job is a remote job and is open to candidates in USA. Mutual of Omaha is seeking an Actuary to join their Life Annuity Valuation team, focusing on Universal Life valuation and financial reporting activities. This role involves preparing and analyzing valuation results, ensuring accuracy and compliance for quarterly and annual reporting cycles. Responsibilities Support quarterly and annual valuation reporting for Universal Life products, including preparing and reviewing reserves, financial results, and supporting documentation to meet reporting deadlines Review and validate actuarial model results, investigate variances, and analyze key drivers impacting reserves and financial outcomes Prepare and support regulatory and financial reporting, including the Statutory Annual Statement, VM-31 Report, Cash Flow Testing (CFT) memos, and related schedules Enhance actuarial models and processes, supporting model validation, and continuous process improvement or automation efforts Assess experience trends and recommend assumptions for reserve calculations Collaborate cross-functionally with departments such as Product, Capital Management, and Financial Planning to drive enterprise-wide initiatives, optimizing the company’s risk/return profile and ensuring compliance with actuarial standards Provide peer reviews of actuarial work, ensuring accuracy and rigor Serve as a mentor within the department, fostering growth and ensuring the team is up to date on emerging trends and best practices Skills ASA required for Actuarial Associate consideration Strong analytical skills with the ability to review model output, investigate variances, and interpret financial results with attention to detail Familiarity with actuarial modeling software and advanced Excel skills, along with the ability to document methodologies and support model or reporting enhancements Strong communication and collaboration skills, with the ability to work effectively across teams to ensure the success of cross-functional projects and explain complex concepts with clarity, whether addressing technical colleagues or senior leadership Able to work remotely with access to a high-speed internet connection and located in the United States or Puerto Rico FSA strongly preferred Prior experience in life or annuity valuation is preferred, with Universal Life valuation experience strongly preferred Experience supporting quarter-end and year-end valuation cycles, including statutory reporting such as Annual Statement exhibits, VM-31 Report, and Cash Flow Testing (CFT) documentation Benefits 401(k) plan with a 2% company contribution and 6% company match. Work-life balance with vacation, personal time and paid holidays. Company Overview Mutual Of Omaha is a mutual insurance and financial services company helping clients achieve their financial goals. It was founded in 1909, and is headquartered in Omaha, Nebraska, USA, with a workforce of 1001-5000 employees. Its website is