Full-Time

Associate Actuary

Posted on 1/14/2025

Deadline 9/11/26
Western & Southern Financial Group

Western & Southern Financial Group

1,001-5,000 employees

Provides personalized financial solutions and guidance

No salary listed

Cincinnati, OH, USA

In Person

Category
Finance & Banking (1)
Requirements
  • Bachelor's Degree In mathematics or related field. (Required)
  • Proven mastery of responsibilities and competencies of the Assistant Actuary position.
  • Demonstrated creativity, judgment, decisiveness, problem-solving skills and time management skills. Proven examples from work experience on identifying complex problems, quantifying the problem and providing creative resolutions to solve.
  • Proven examples of working under multiple deadlines with minimal supervision. Must cite examples of successfully organizing and effectively completing projects where given little or no direction.
  • Expert in spreadsheet, database and mainframe applications.
  • Proficient in word processing.
  • Proficient in actuarial software packages such as those used for valuation (ARCVAL), experience studies (ARCBase), and pricing and projections (MG-ALFA).
  • Member of the American Academy of Actuaries (MAAA). Upon Hire (Required)
  • Associate of the Society of Actuaries (ASA) Upon Hire (Required)
  • Actively pursuing FSA or other insurance industry designation (FLMI, CLU, etc.). Upon Hire (Required)
Responsibilities
  • Develops actuarial and mathematical models, and determines assumptions to be used within models and communicates the results obtained from the models.
  • Supports other departments in understanding technical concepts and improving their operational efficiency.
  • Knows and understands the goals and perspectives of Insurance Operations, Information Technology, Filing and Compliance, Corporate Accounting and Planning, senior management, industry rating agencies and the various state insurance departments.
  • Knows and understands Western & Southern Financial Group (W&SFG) products, markets and marketing strategies. Understands each business unit's goals and perspectives.
  • Understands core actuarial and accounting principles such as STAT and GAAP valuation concepts, DAC amortization and RBC.
  • Proposes creative compromises to conflicting goals of accuracy, precision and deadlines.
  • Develops rapport and trust with various departments in the Company to determine mutually acceptable solutions to problems.
  • Develops and provides actuarial and mathematical modeling tools, information and analysis to assess profitability and risk of products in-force or under development, asset/liability management, contract holder behavior, expenses, reserves, taxes and other risk analysis.
  • Provides solutions to problems encountered in implementing products and financial reporting systems.
  • Designs reports to obtain data for product development, cash-flow testing, financial reporting, forecasting, valuation and other reporting requirements.
  • Assists with product design.
  • Prepares a list of criteria to test administrative and illustration systems.
  • Writes actuarial memorandums and certifications required for filing new products, valuation and reserve adequacy, and answers questions from state insurance departments.
  • Acquires an in-depth understanding about the topic to which a particular project relates, in order to apply appropriate methods and analysis to this and future projects, while meeting the current project deadline.
  • Documents projects in writing in accordance with established guidelines.
  • Complies with standards declared by the Actuarial Standards Board and other applicable bodies (SEC, Accounting Standards Board, etc.) as well as the requirements of state and federal regulation.
  • Performs other duties as assigned
  • Complies with all policies and standards
Western & Southern Financial Group

Western & Southern Financial Group

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Western & Southern Financial Group helps individuals and middle-market clients manage financial needs through personalized, face-to-face guidance. Western & Southern Life sales representatives assess goals and tailor solutions like life insurance within an agency-based system supported by mentors and managers. The firm translates complex financial concepts into practical plans focused on protection, savings, and retirement, backed by a long heritage dating to 1888. Its goal is to provide clear, stable guidance and ongoing support through a relationship-driven, professional team.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

1888

Simplify Jobs

Simplify's Take

What believers are saying

  • IncomePoint SPIA launches on Fidelity's Guaranteed Income Direct platform in 2026.
  • RetireOne partnership expands SPIA access to RIAs since June 2025.
  • Till Financial bolsters direct-to-consumer strategy for younger demographics.

What critics are saying

  • Fidelity's platform pits Western & Southern against three competitors now.
  • IncomePoint caps premiums at $2 million, losing high-net-worth clients.
  • Till integration dilutes core annuity focus within 12 months.

What makes Western & Southern Financial Group unique

  • Western & Southern emphasizes face-to-face middle-market client relationships since 1888.
  • Subsidiaries like Gerber Life and Fabric target family-focused insurance offerings.
  • Till Financial acquisition adds digital family banking with parental controls.

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Benefits

Flexible Work Hours

Performance Bonus

Company News

FinSMEs
Jul 16th, 2025
Retirable Raises $10M in Series A Funding

Retirable, a NYC-based holistic retirement platform provider, raised $10m in Series A funding

The Cincinnati Enquirer
Aug 9th, 2024
Cincinnati-based company listed among the best for high school grads to start careers

Cincinnati-based Western & Southern was No. 48 of the top 50 companies listed on the report.

Securities and Exchange Commission
Feb 1st, 2024
SEC FORM D/A

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

Western & Southern Financial Group
Jan 31st, 2024
Western & Southern, Fidelity Investments Offer New Approach To Protected Retirement Income

Western & Southern recently introduced IncomePoint - a new single-premium immediate annuity (SPIA) - within employer-based retirement plans administered by Fidelity Investments.

Business Wire
Jan 25th, 2024
Fidelity’S® Guaranteed Income Direct Solution Available Nationally, Enabling Employees To Convert Retirement Savings Into Lifetime Income

BOSTON--(BUSINESS WIRE)--Fidelity Investments®, the nation’s retirement leader1, announces the broad availability of Guaranteed Income Direct, a new solution allowing employees to convert all or a portion of their retirement savings – from a 401(k), 403(b) or 457(b) – into an immediate income annuity to provide consistent, pension-like payments2 throughout retirement. Retirement preparedness is a source of financial stress for employees: 79% are worried they won’t have enough money to last their lifetime3, and 85% feel employers should take more responsibility in helping them prepare for retirement4. As such, guaranteed income solutions within workplace retirement plans have become increasingly popular. Fidelity research shows the number of retirees and pre-retirees deciding to stay in plan past their retirement date has continually increased over the past 10 years5, with 65% of participants expressing interest in having guaranteed income options in their workplace plans.6 For employers, the feelings are mutual: 81% of plan sponsors7 would prefer to give retirees the flexibility to stay in plan and withdraw assets throughout their retirement years. “A key challenge for employees as they transition from saving for retirement to living in retirement is ensuring there’s enough predictable income to cover essential expenses,” says Keri Dogan, senior vice president, Financial Wellness and Retirement Income Solutions at Fidelity. “Many people feel anxious about how to generate income in retirement and want to reduce the risk of outliving their assets

INACTIVE