Senior Actuarial Analyst

Job Title: Actuarial Business Analyst Duration: 6 monthsLocation: 3275 Bennett Creek Avenue, Frederick, MD 21701Role OverviewBanner Life (part of the Legal & General America family) is seeking a skilled Actuary to support actuarial modeling, valuation, and risk analysis across life insurance products. This role involves applying actuarial expertise to assess financial risks, support product development, and provide strategic insights to business stakeholders.The Actuary will play a key role in ensuring accuracy in actuarial models, supporting business decision-making, and enhancing overall actuarial processes and governance.Key ResponsibilitiesActuarial Analysis & ModelingPerform actuarial analyses related to life insurance products, including:o Term Lifeo Universal Lifeo Pension Risk Transfer (PRT)Develop, maintain, and validate actuarial models for pricing, valuation, and forecastingAnalyze experience data and trends to support business insights and decision-makingProduct & Risk ManagementSupport product design, pricing, and profitability analysisAssess and quantify risks associated with insurance portfoliosProvide recommendations for risk mitigation and business optimizationModel Governance & ValidationPerform quality assurance and validation of actuarial models and toolsEnsure models adhere to internal standards and actuarial best practicesMaintain documentation for models and methodologiesBusiness & Stakeholder CollaborationPartner with cross-functional teams including:o Financeo Investmentso ITo Product and underwriting teamsTranslate technical actuarial concepts into actionable business insightsSupport strategic initiatives and enterprise transformation programsRegulatory & Audit SupportAssist in internal and external audit processesEnsure compliance with actuarial standards and regulatory requirementsProvide documentation and explanations for actuarial assumptions and resultsRequired Qualifications & ExperienceExperience5–10+ years of actuarial experience in life insuranceStrong background in:Actuarial modelingRisk assessmentProduct analysisProfessional CredentialsASA (Associate of the Society of Actuaries) requiredFSA (Fellow of the Society of Actuaries) preferredTechnical SkillsExperience with actuarial software:GGY Axis (preferred) or MG-ALFAStrong programming/analytics skills:SQLPythonVBAExperience working with large datasets and automation toolsDomain KnowledgeStrong understanding of life insurance products and actuarial principlesKnowledge of modeling methodologies, assumptions, and financial projectionsKey CompetenciesStrong analytical and problem-solving skillsAttention to detail and accuracyEffective communication and stakeholder managementAbility to work collaboratively in cross-functional teamsStrategic thinking and business acumen