Actuarial Senior Consultant: Bermuda Modeling

*At Securian Financial the internal position title is Actuarial Sr Con.* ​

Position Overview

This position is part of the Model Development Team in Enterprise Actuarial Services, a service-oriented function focusing on actuarial modeling needs across Securian. You will play a senior technical role in building and enhancing actuarial modeling capabilities, with an initial focus on Bermuda and reinsurance modeling needs. The role will apply deep asset-liability modeling expertise, including asset crediting and Bermuda-focused valuation, to design and implement model capabilities that support current and future business. You will partner closely with stakeholders across Securian Re, Reinsurance COE, ERM, SAM, and solutions groups to translate complex modeling topics into useful business insights and recommendations.

Responsibilities may include, but are not limited to:

Responsibilities below may be as a developer, reviewer, or technical lead depending on the particular product, project, and modeling need.

• Seek to understand our partners’ products, transaction structures, reporting requirements, responsibilities, and objectives.

• Lead the design, development, and maintenance of effective, efficient, and well governed modeling capabilities supporting Bermuda reinsurance transactions, including near-term IUL needs and evolving valuation requirements.

• Apply deep asset-liability modeling expertise and Bermuda-focused valuation, to research and solve complex modeling issues.

• Design and implement new modeling functionality in Prophet and FactSet to support evolving reinsurance transaction structures and strategic initiatives.

• Serve as a modeling subject matter expert and liaison to Securian Re, Reinsurance COE, ERM, SAM, and solutions groups, advising on model design, methodology, and the interpretation of results.

• Evaluate complex model changes and modeling alternatives, communicate impacts and tradeoffs, and translate technical conclusions into business insights and recommendations for stakeholders and model users.

• Lead model testing, validation, implementation, documentation, and governance activities while applying model coding and development standards, Securian’s Modeling Principles, and relevant Actuarial Standards of Practice.

Qualifications:
If the responsibilities of this role are appealing to you, but if you don’t meet all the qualifications, don’t hesitate to apply. Our primary goal is to find the right person with a passionate interest for being successful in these responsibilities. We would rather have the passionate interest with a path to grow, than qualifications ready and a need to develop passion or interest!

• Self-motivated and flexible; ability to independently lead complex work while collaborating effectively across teams.
• Strong analytical and problem-solving skills, including the curiosity and initiative to research ambiguous topics, evaluate alternatives, and develop practical solutions.
• Deep actuarial modeling expertise, particularly in asset-liability modeling, asset crediting, and economic or market-based valuation concepts.
• Advanced technical aptitude and strong modeling skills, with the ability to design, implement, and review complex functionality in Prophet, FactSet, and related modeling tools.
• Strong communication, documentation, and organizational skills, including the ability to explain complex modeling concepts, impacts, and recommendations to technical and non-technical stakeholders.

Preferred Qualifications:

• FSA
• Experience with Prophet and FactSet, including development of complex actuarial or asset-liability modeling capabilities
• Experience with Individual Life products, particularly IUL, and/or asset-intensive reinsurance transactions
• Knowledge of the BMA regulatory framework, Bermuda Economic Balance Sheet methodology, model governance, and economic valuation

#LI-hybrid **This position will be in a hybrid working arrangement.**

Securian Financial believes that meaningful in-person collaboration is an important part of our culture. Our hybrid work model gives associates the flexibility to work both remotely and in the office while fostering connection, learning, and innovation. Associates who live within a 90-minute commute of our Home Office in St. Paul, Minnesota spend 3 or more days each week working from the office.

Preferred Skills:

Actuarial Modeling, Collaboration, Communication, Curious Mindset, Model Development, Model Governance$111,300.00 - $207,800.00

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job – it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:

• We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what’s important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian. 
• Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
• Holidays: Securian provides nine company paid holidays.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

• Environmental Health & Sustainability
• Mental Wellness and Disability
• Pride at Securian Financial
• Securian Young Professionals Network
• Securian Multicultural Network
• Securian Women and Allies Network
• Servicemember Associate Resource Group

For more information regarding Securian’s benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at [email protected], by telephone 651-655-5522 (voice), or 711 (Relay/TTY).

Securian Financial is a drug-free workplace.

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