Actuarial Product Analyst

Modern Woodmen of America is one of the nation’s largest fraternal benefit societies, with over $18 billion in assets. In this role, you will be responsible for updating certificate values, creating tailored quotes and illustrations, and reviewing product formulas while providing administrative support and demonstrating a commitment to continuous learning.

Responsibilities

• Become knowledgeable and stay current with Modern Woodmen of America offerings
• Audit and correct certificate rates and values for administrative and sales support systems
• Review error lists, diagnose issues, and update certificate values for select product lines
• Respond to inquiries concerning basic certificate values from members, Home Office employees, and Field representatives
• Prepare certificate value quotes and illustrations for Home Office departments and Field representatives for limited product lines
• Test values, procedures and forms for new products and systems and changes to existing products and systems
• Document product calculations and factors for reference and disaster recovery
• Create and distribute reports as needed

Skills

• Bachelor's degree required; Mathematics or Finance preferred
• Strong analytical, mathematical, and problem-solving abilities
• Attention to detail and accuracy
• Effective communication skills
• Proficiency in Microsoft Office, especially Excel (competency may be verified)
• Experience in insurance industry or other financial operations preferred
• LOMA Level 1 designation completed or willing to obtain

Benefits

• Company-paid retirement plan
• Matching 401(k) plan
• Employee Impact Bonus
• Medical, Dental and Prescription Drug Insurance. We pay 100% of employees’ health insurance premiums and 50% of employee dependents’ premiums.
• Group term life insurance.
• Long-term and short-term disability.
• Voluntary benefits: vision, flexible savings accounts (FSA), accident insurance

Company Overview