Unum
To Enable This, We Provide
Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life’s moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally.
- Award-winning culture
- Inclusion and diversity as a priority
- Competitive benefits package
- Generous PTO (including paid time to volunteer!)
- Up to 9.5% 401(k) employer contribution
- Mental health support
- Career advancement opportunities
- Student loan repayment options
- Tuition reimbursement
- Flexible work environments
And that’s just the beginning…
With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you’re directly supporting a growing family, or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today!
General Summary
The Actuarial Development Program (ADP) at Unum has been in existence for over 40 years, and provided guidance and support to hundreds of actuaries early in their careers. Many have built on the foundation provided by the ADP and grown into executive leaders at Unum and across the insurance industry.
Unum’s ADP Is Built Around Three Key Elements
- Targeted development of actuarial, financial and leadership skills
- Rotational work assignments to promote broad business awareness
- Comprehensive exam support towards the pursuit of Fellowship
Each ADP participant has a unique development plan based on their own abilities, experience and career aspirations. Development opportunities are offered in forums including on-the-job training, classroom training, leadership programs, and speaker series. In addition, all ADP participants have frequent interaction with corporate officers.
Roughly every 18 months, ADP participants rotate to a new area of the business to learn a new product or discipline, gain new perspectives, and continue their development as actuaries. Traditional actuarial rotations take place in areas such as pricing, reserve valuation, and claims risk analysis, but some rotations extend well beyond traditional financial roles.
Unum expects ADP participants to make consistent progress towards Fellowship. The exam process is rigorous, and Unum recognizes this by providing significant assistance and rewards to reflect the commitment required. Our Actuarial Education Program provides company-paid study time, covers the cost of textbooks, study guides, preparatory seminars, and exam fees, and offers generous salary increases for each exam passed.
Principal Duties And Responsibilities
- Demonstrate commitment to career development and growing financial acumen by pursuing actuarial credentials and membership in the Society of Actuaries
- Prepare and analyze intermediate level data for use in actuarial experience studies, valuation or pricing projects
- Assist in maintenance of pricing and underwriting tools and provide support for helping others understand underwriting case specific issues by answering technical question
- Develop reserve factors
- Develop experience analysis reviews
- Assist in maintaining valuation system
- Assist in preparation of financial reports, tax returns and state filings as needed
- Learn current pricing models and risk management practices
- Contribute to product development and re-pricing initiatives
- Communicate research results to manager both in written format and orally
- Prepare routine reports
- Continuous assessment of established training and work processes to identify areas for effectiveness and efficiency improvements. Contributes to operating effectiveness through information sharing, suggested process improvements and effective implementation of change
- Communicate trends and issues identified and proactively recommend resolutions to management
- Work on special projects that require actuarial research and analysis which may involve partnering with other business areas both in and out of finance.
- Continuously build a specialized working knowledge of the company operations, systems and in the actuarial discipline
- May perform other duties as assigned
What We Look For In ADP Candidates
- Undergraduate or graduate degree in Math, Actuarial Science, Finance or a related quantitative area with a minimum GPA of 3.0
- Completion of one actuarial exam and commitment to achieving Fellowship
- Creative problem-solving ability
- Demonstrated communication and interpersonal skills
- Demonstrated leadership ability
- Proficiency with Microsoft Office
- Practical experience with a programming language or statistical software
- Previous analytical work experience preferred
- Legally eligible to work in the United States
This is generally an entry-level position; however, incumbent must be a highly motivated individual ready to build their expertise through professional application as well as continued actuarial education. The role will have support from a manager or mentor, however, will become proficient in handling intermediate level analysis. Employees in this position will have passed at least one Society of Actuaries exam and will be committed to attaining Fellowship. There are no direct reports associated with this position.
Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide. Headquartered in Chattanooga, TN, with international offices in Ireland, Poland and the UK, Unum also has significant operations in Portland, ME, and Baton Rouge, LA – plus over 35 US field offices. Colonial Life is headquartered in Columbia, SC, with over 40 field offices nationwide.
The base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location and experience.
$61,000.00-$115,900.00
Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including performance-based incentives, healthcare benefits, insurance benefits, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not. All benefits are subject to the terms and conditions of individual plans.
Company
Unum
