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Kemper is one of the nation’s leading specialized insurers. Our success is a direct reflection of the talented and diverse people who make a positive difference in the lives of our customers every day. We believe a high-performing culture, valuable opportunities for personal development and professional challenge, and a healthy work-life balance can be highly motivating and productive. Kemper’s products and services are making a real difference to our customers, who have unique and evolving needs. By joining our team, you are helping to provide an experience to our stakeholders that delivers on our promises.

TEAM SUMMARY:

Kemper proudly serves growing niche and underserved markets by providing appropriate and affordable insurance and financial solutions. This is enabled by a team of dynamic, innovative employees who act like owners and are continually driven by intellectual curiosity, analytical superiority, and being world-class operators.

Kemper Life is building a first-in-class actuary team to support this strategic intent. This role is a great opportunity for the right person who wants to be part of building a new team in a dynamic growing company. We are looking for the person who can help us make a difference by best serving the needs of our customers. Come join us in Growing for LIFE.

POSITION SUMMARY:

As a Vice President (VP) on Kemper Life Actuarial team, you will assist the chief actuaries in establishing and leading a world-class valuation/reserving function and team to facilitate the continued growth of the organization. This position will interact closely with other leaders throughout the organization to create valuation and financial reporting, management reporting, financial planning/forecasting, ALM and Economic Capital Modeling. Additionally, this position will work closely with the data science team to develop advanced analytic tools to evaluate and manage the entire valuation reporting and projection cycle.

Location: This position can be in Chicago, IL, St. Louis, MO, or remote.

• Travel will be required as the business necessitates.

POSITION RESPONSIBILITIES:

• Serve as Appointed Actuary for Kemper Life (and Kemper Health if qualified)
• Build Kemper Life’s in house valuation function and lead a sophisticated valuation, reserving and modeling team for Life
• Collaborate with leaders from other areas in the analysis and management of the company’s products (Finance, Operations, Claims, and Data Science)
• Hire, manage, mentor, and develop a high-performing actuarial team.
• Direct monthly, quarterly and annual valuation processes. Deliver timely, accurate and auditable reports for GAAP, Statutory, and Tax as well as analysis of financial trends and forecasts.
• Direct monitoring and financial analysis of product line profitability (GAAP, value-added, statutory, etc.). Provide recommendations by reporting findings and business projections to senior management.
• Within the governance framework, direct the creation and support for all needed actuarial assumptions for valuation or projection of various product lines.
• Provide executive management with advice on the financial implications of business activities.
• Evaluate and advise on the impact of long-range planning, introduction of new programs/ strategies and regulatory action.
• Modernization of actuarial systems: Support projects to improve valuation systems and input data.
• Hold overall responsibility and accountability for actuarial reporting, cash flow testing, valuation, assumption setting, asset/liability management, and reserving.
• Calculate risk capital for enterprise risk management, including model development and enhancements.
• Lead and support the forecasting of future premiums and claims.

POSITION QUALIFICATIONS:

• Education equivalent to a Bachelor’s degree in actuarial science, mathematics, statistics or related field, or the equivalent in related work experience.
• Fellow of the Society of Actuaries
• 10 or more years of Life Actuarial experience, preferably with valuation, reserving and/or modeling.
• 5 or more years of management experience and/or experience leading teams and/or projects of various sizes and complexity
• Experience in a publicly-traded company
• Preference given to candidate with experience in GAAP LDTI
• Health insurance experience is a nice to have

• Strong understanding of traditional life, accident & health products and riders to include valuation and reserving methodologies and compliance requirements.
• Develop and manage a team that is strong in both innovative thinking and technical skills.
• Experience providing internal service to a business, forming strong relationships, understanding client experiences and expectations and working to anticipate needs.
• Will be able to review others work for reasonableness and identify opportunities for enhancement.
• Experience with GGY-AXIS or similar actuarial modeling software

CANDIDATE PROFILE:

• Highly motivated and natural self-starter, independent thinker, great planner, and team player
• Structured in thinking process and strong problem-solving skills, the ability to break down complex problems and find solutions
• Ability to cope with uncertainty, learn fast, motivated by new and complex challenges
• Manage information in a visually appealing and easy to understand method
• Drive results across a team of dynamic communicators and professionals
• Ability to quickly absorb complex issues, ensure alignment across cross-functional teams

COMPETENCIES NEEDED:

• Financial Acumen – interpreting and applying understanding of key financial indicators to make better business decisions
• Decision Quality – making good and timely decisions that keep the organization moving forward
• Resourcefulness – securing and deploying resources effectively and efficiently
• Ensures Accountability – holding self and others accountable to meet commitments
• Builds Effective Teams – Building strong-identity teams that apply their diverse skills and perspectives to achieve common goals
• Collaborates – building partnerships and working collaboratively with others to meet shared objectives
• Manages Ambiguity – operating effectively, even when things are not certain or the way forward is not clear

Kemper is proud to be an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, disability status or any other status protected by the laws or regulations in the locations where we operate. We are committed to supporting diversity and equality across our organization and we work diligently to maintain a workplace free from discrimination. Kemper is focused on expanding our Diversity, Equity and Inclusion efforts to align with our vision, mission, and guiding principles. Kemper does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Kemper and Kemper will not be obligated to pay a placement fee.

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