Actuarial Associate - Risk and Planning

We're Looking for an experienced Senior Actuarial Assistant, ERM & Planning!

About the Company:
Security Benefit is a leader in the U.S. retirement market with more than $75 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 2025

About the Role:
As a Senior Actuarial Assistant, ERM & Planning, you will be a key production contributor within the Risk & Planning actuarial team. You will use strong hands-on Prophet skills to develop, maintain, execute, troubleshoot, and validate financial projection models supporting the Company’s Own Risk and Solvency Assessment (ORSA), Commercial Insurer’s Solvency Self-Assessment (CISSA) filings, capital planning, and enterprise stress testing across Security Benefit Life and an offshore reinsurer. You will manage assigned modeling workstreams and production timelines with limited oversight, deliver reliable projection outputs, and prepare analysis for review by the Director & Actuary. You will receive guidance on significant methodology, assumption, and model architecture decisions.

This full-time position reports directly to the Director & Actuary, ERM & Planning. It may be based in Topeka or Overland Park, Kansas. Security Benefit associates work in a hybrid environment with both remote and on-site work.

• Develop, maintain, execute, troubleshoot, and validate financial projection models supporting ORSA, CISSA, capital planning, and enterprise risk management activities across Security Benefit Life and the offshore reinsurer.
• Manage assigned multi-year projection and stress-testing workstreams with limited oversight, maintain progress against established timelines, and communicate status and risks to the Director & Actuary.
• Perform financial projections, stress testing, and capital adequacy analyses to evaluate solvency, earnings, and risk outcomes.
• Perform asset-liability management analyses by incorporating asset projections, reinvestment strategies, and investment assumptions into enterprise financial projections.
• Prepare and validate economic scenarios, model inputs, actuarial assumptions, model point files, and actuarial tables; evaluate the effects of market, interest rate, credit, and policyholder behavior risks on financial results, capital adequacy, and RBC metrics.
• Test Prophet model changes, investigate run errors and unexpected results, complete reconciliations and attribution analyses, and document findings and resolutions.
• Produce actuarial projection outputs for the annual ORSA filings for SBL and the offshore reinsurer and deliver results to the Senior ERM Analyst on schedule for report integration.
• Prepare clear summaries of model results, key drivers, and open issues for review by the Director & Actuary before materials are shared with the CRO or ERM Committee.
• Coordinate with Finance, Investments, Legal, and other partners to obtain accurate inputs and align on planning assumptions; escalate material modeling issues, timeline risks, or assumption conflicts promptly.
• Improve modeling efficiency through automation and process enhancements, and maintain clear model documentation supporting team continuity, knowledge transfer, and audit readiness.
• Provide technical support and peer review to less experienced team members as requested.

What We’re Looking For:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative field.
• Minimum of four actuarial exams passed and actively working toward the ASA designation.
• 3+ years of actuarial experience, preferably in financial modeling, financial projections, asset-liability management, valuation, or a related actuarial function.
• Strong hands-on Prophet experience, including model execution, troubleshooting, testing, validation, and analysis of projection results.
• Ability to manage assigned modeling work with limited oversight, meet deadlines, and communicate progress and issues clearly.
• Strong analytical, problem-solving, and technical communication skills.
• Preferred: Experience with ORSA, CISSA, stress testing, capital planning, or enterprise risk management.
• Preferred: Knowledge of life insurance and annuity products, including fixed and indexed annuities.
• Preferred: Experience with asset-liability management, financial projections, valuation, or capital analysis.
• Preferred: Programming experience with Python, SQL, VBA, or similar analytical tools.
• Preferred: Exposure to multi-entity, reinsurance, captive, or offshore insurance structures, including BMA- and CIMA-regulated entities.

Why Choose Security Benefit?
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.

Ready to Make an Impact?
Apply today by visiting our career page to submit your resume. We’re excited to meet you!

Security Benefit is an Equal Opportunity Employer.