Why The Independent Order of Foresters
FY2024 · Form 990Its mission and biggest programs, as filedOffers financial products and community volunteer opportunities to members and their families.
- Insurance Benefits: Foresters provided Insurance Benefits, including life, health and annuity benefits, for approximately 2,167,550 members across the United States, Canada and the United Kingdom. The cost for providing such insurance benefits was approximately $741 million, excluding changes in actuarial…$741.3M spent in FY2024
- Foresters Community Partnerships: Every year, Foresters offer direct support to charities that enhance the well-being of families and communities. Partnerships with non-profit organizations like, but not limited to, Whole Kids Foundation, National Clean-Up (Clean Trails), Evergreen Foundation, and Cash for…$11.9M spent in FY2024
- Fraternal Benefits and Grants: Foresters provide its members, at no additional cost, with a variety of fraternal benefits outside of the traditional insurance benefits described above. These benefits demonstrate Foresters commitment to the purpose of assisting members, enhancing their well-being…$9M spent in FY2024
Before you apply
FY2024 · Form 990Independent: from IRS data, not the orgAbout the role
The org's own posting, as writtenCareer Opportunity Role Title Actuarial Analyst, Capital Management Purpose of role The Actuarial Analyst is a key member of the Capital Management team within Corporate Actuarial and works closely with various actuarial and finance partners in a dynamic and challenging environment. The role supports quarterly regulatory capital reporting (primarily LICAT) and contributes to capital management initiatives and analysis. This role offers exposure across key aspects of capital management, including LICAT, RBC, Solvency II, and excess deployable capital.
You will work with senior team members to support the quarterly capital cycle, including capital sensitivities and forecasting, and gain experience with actuarial and financial modeling tools (e.g., AXIS and Excel-based models). You may also support responses to regulatory requests (e.g., impact studies and data calls) as regulatory capital requirements evolve.
Job Description
Key Responsibilities Support preparation of the quarterly LICAT regulatory capital filing using AXIS and Excel tools, including checks for reasonability, explanation of movements and supporting analysis Support forecasting of the LICAT capital ratios in advance of quarter-end Assess the impact on the LICAT ratios from actuarial basis changes and provide assistance on various capital management business initiatives under consideration Provide inputs and support for material to be presented at the quarterly Capital Management Committee meetings, including any support for ad hoc capital-related initiatives and projects Provide LICAT capital input to partners (e.g. pricing initiatives or ORSA related analysis) with guidance as needed Support the ongoing development, maintenance, and model governance of LICAT models and calculators within AXIS and Excel Support the internal and external audit of the LICAT calculation Being innovative and supporting the implementation of process improvements to drive ongoing value from capital reporting Keep the documentation current and ensure the documentation is appropriate and consistent with professional actuarial standards and in compliance with all applicable legislation Key Qualifications Bachelor’s degree in mathematics, science, business, economics, or another relevant field A minimum of one to two (1-2) year of actuarial experience in a life or health insurance company an asset Progress towards Society of Actuaries (SOA) exams (or intent to pursue) with the longer-term goal of achieving the FSA & FCIA.
Exposure to the financial services or insurance industry, including insurance products (e.g., life insurance, annuities, segregated funds) and Canadian and/or U.S. valuation and solvency frameworks, is an asset Experience with various computer systems. These include the valuation system (e.g. AXIS), Microsoft Office software (e.g. Excel), and databases (e.g. SQL Server) Working knowledge of relational databases and programming languages Strong time management skills and ability to…
About The Independent Order of Foresters
From its Form 990- Budget $835.8M
- Staff 821 · founded 1881
- Pays its leaders $308K–$1.0M (12 reported)
- Open jobs 25 · Jobs at The Independent Order of Foresters · Full 990 report