Actuarial Associate - Product Management & Pricing

About the Company:

Security Benefit is a leader in the U.S. retirement market with more than $60 billion in assets under management. We offer opportunities to thrive, innovate, and make an impact. As part of our team, you’ll play a key role in driving the future of the U.S. retirement industry. Security Benefit is a PLACE where we promise to help our customers To and Through Retirement®.

We’re proud to have been recognized as one of the best in the business:

• Named to Ward’s 50 list of top-performing life-health insurance companies
• Recognized on list of Ingram’s Top 100 Private Companies in the Kansas City area in 2024

As an Actuarial Associate you will provide actuarial analysis and technical expertise in support of the strategic objectives for the Pricing Actuarial Department within Security Benefit Life Insurance Company. You will contribute to the management and financial success of annuity and retirement products by conducting product research, modeling and pricing new products, analyzing in-force business, and completing special projects — working closely with Sales, Marketing, Finance, Legal, and Operations across a variety of actuarial initiatives.

This position reports to the Senior Director & Actuary and is based out of our home office in Overland Park or Topeka, Kansas. SB associates work in a hybrid environment with both remote and on-site work.

• Perform actuarial modeling and financial analysis to support pricing and product decisions
• Support the design, pricing, implementation, and ongoing management of annuity products
• Prepare actuarial exhibits and reports
• Develop, maintain, and enhance actuarial models using Prophet and other tools
• Develop and enhance automation and data solutions to improve modeling efficiency and reporting
• Analyze profitability, risk, and sensitivity under various economic and regulatory scenarios
• Perform other tasks as assigned

• Bachelor’s degree in Actuarial Science, Mathematics, or a related field
• Actuarial Associate: 3+ years of relevant actuarial experience and an ASA designation
• Senior Actuarial Assistant: 2+ years of relevant actuarial experience and a minimum of four Society of Actuaries examinations passed
• Strong programming and scripting skills in at least one of: VBA, C++, C#, SQL, Python, or R
• Advanced proficiency in Microsoft Excel and actuarial software
• Strong problem-solving, analytical, and decision-making abilities
• Good written and verbal communication skills and strong initiative to work independently
• Experience with actuarial modeling software; Prophet experience is a plus
• Experience with annuity products (Fixed, Fixed Index, or Variable) and actuarial pricing or product development preferred

When you join our team, you’re not just getting a paycheck — you’re getting a career path full of growth opportunities, plus a robust benefits package that puts your well-being first. Here’s what you can expect as a full-time Security Benefit associate:

• Competitive salary and annual incentive bonuses to reward your contributions.
• 33 days of paid time off (including PTO, holidays, Volunteer Day, and days of significance).
• Paid parental leave after 90 days of service.
• Comprehensive medical, dental & vision insurance.
• 401(k) with company match, plus Profit Sharing & Savings Plan.
• Short- and Long-Term Disability Insurance to give you peace of mind.
• Flexible Spending Accounts for medical and dependent care.
• Life Insurance to protect your loved ones.
• Educational assistance to support your career development.
• Associate assistance programs for your personal and professional well-being.

Apply today by visiting our career page to submit your resume. We’re excited to meet you!

Security Benefit is an Equal Opportunity Employer.