Actuarial Assistant

The Navy Mutual Aid Association is committed to helping military members grow and protect their wealth through providing life, annuity products, and services. Also, assisting Sea Service members and their families in securing federal benefits to which they may be legally entitled.

Formed in 1879, we are a non-profit, member-owned association that provides high-quality life insurance, financial education and other benefits to military families nationwide. Financially strong, Navy Mutual is proud to be a first-choice provider of life insurance to service members and their loved ones. Our team’s efforts to serve and protect our members and their loved ones is the reason that Navy Mutual enjoys outstanding customer satisfaction member retention ratings. Please find below a short video that reflects Navy Mutual Aid Association’s Mission and Values.

https://www.youtube.com/embed/60nERBKxwUo

Job Title: Actuarial Assistant

FLSA Status: Exempt

Location: Arlington, VA HQ

Reports To:
Direct Report(s): None

The Actuarial Assistant supports actuarial functions including pricing, valuation, and financial modeling for life insurance and annuity products. Performs data analysis, develops actuarial models, and contributes to financial reporting and risk assessment to ensure sound business decisions and regulatory compliance.

Job Scope:
The Actuarial Assistant supports complex actuarial functions for life insurance and annuity products, including pricing, valuation, financial modeling, and experience analysis. Develops and enhances actuarial models, performs advanced data analysis, and contributes to financial reporting, risk assessment, and regulatory compliance while helping inform strategic business decisions.

Duties and Responsibilities:

• Assist in actuarial model development, testing, and maintenance
• Perform experience studies (mortality, lapse, expenses) and analyze trends
• Support product pricing and profitability analysis
• Assist in reserve calculations for statutory reporting
• Extract, validate, and analyze large datasets from internal systems
• Prepare reports, documentation, and exhibits for internal and regulatory purposes
• Conduct financial projections and scenario/sensitivity testing
• Identify and resolve data discrepancies and model issues
• Partner with cross-functional teams (Finance, Product, Risk, Underwriting)
• Support audits, compliance reviews, and actuarial memoranda preparation
• Participate in process improvement and automation initiatives
• Assist with dashboard development and reporting enhancements
• Support ad hoc actuarial analyses and business projects
• Stay current on industry trends, regulations, and actuarial standards

Navy Mutual offers a comprehensive total rewards package to include competitive compensation and benefit programs. Information on these benefit programs is available at Navy Mutual Career Page.

This position has an annualized market-based salary range (or hourly rate) of $80,690 - $100,863 and is eligible to participate in the Association’s bonus program. The final salary offered will generally fall within this range. Multiple factors are taken into consideration to arrive at the compensation package offered to the selected candidate. Factors include, among others, the scope and responsibilities of the role, the selected candidate's work experience, education and training, the work location as well as market and business considerations.

At this time, Navy Mutual will not sponsor a new applicant for employment authorization for this position.

Navy Mutual Aid Association is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.