About the Company
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. With a presence in over 35 countries, we are committed to driving responsible growth and building a diverse and inclusive workplace. Join our team in Charlotte, a hub of innovation and financial excellence, and contribute to our mission.
Job Description
We are seeking a highly motivated and analytical Actuarial Analyst to join our dynamic team in Charlotte, NC. This is an exceptional opportunity for individuals looking to apply their quantitative skills in a fast-paced financial environment and contribute to critical risk management and financial planning initiatives. The role involves supporting various actuarial functions, conducting in-depth data analysis, developing and maintaining actuarial models, and providing insights that inform strategic business decisions. This position is open to qualified candidates globally, and we are proud to offer visa sponsorship to enable the best talent to join us. You will have the opportunity to grow your career within a supportive and collaborative environment, working alongside experienced professionals and gaining exposure to complex financial products and regulatory frameworks. We are committed to your professional development, including support for actuarial exams.
Key Responsibilities
- Perform complex actuarial calculations and financial analysis to support various business lines.
- Assist in the development, validation, and maintenance of actuarial models for pricing, reserving, and capital management.
- Prepare detailed actuarial reports, presentations, and dashboards for internal stakeholders and regulatory bodies.
- Support risk management activities by identifying, quantifying, and monitoring actuarial risks.
- Collaborate with cross-functional teams, including finance, product development, and underwriting, to provide actuarial insights.
- Contribute to ad-hoc projects and strategic initiatives as required.
- Stay current with industry trends, actuarial methodologies, and regulatory changes.
- Participate in actuarial exam preparation and professional development programs.
Required Skills
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related quantitative field.
- Passed at least one (1) SOA or CAS actuarial exam.
- Strong analytical and problem-solving abilities with a keen attention to detail.
- Proficiency in Microsoft Excel; experience with actuarial software (e.g., Prophet, GGY AXIS, ALFA) or programming languages (e.g., Python, R, SAS) is a plus.
- Excellent written and verbal communication skills.
- Demonstrated ability to work effectively in a team-oriented environment.
- Eligibility for visa sponsorship.
Preferred Qualifications
- Master's degree in a quantitative discipline.
- Passed two or more SOA/CAS actuarial exams.
- Previous internship or co-op experience in an actuarial, financial services, or risk management role.
- Experience with data visualization tools (e.g., Tableau, Power BI).
- Familiarity with financial products and capital markets.
Perks & Benefits
- Comprehensive health, dental, and vision insurance.
- 401(k) retirement plan with company matching contributions.
- Generous paid time off, including vacation, sick leave, and company holidays.
- Professional development support, including financial assistance for actuarial exams, study time, and continuing education.
- Visa sponsorship and relocation assistance for eligible candidates.
- Employee assistance program and wellness initiatives.
- Access to a wide range of employee discounts and benefits programs.
- Opportunities for career growth and advancement within a global financial leader.
How to Apply
If you are interested in this position, please click the "Apply Now" button below. To ensure your application is properly considered, please prepare the following:
- An up-to-date Resume or CV
- A brief cover letter summarizing your experience and motivation
Applications are reviewed on a rolling basis. Only shortlisted candidates will be contacted for an interview.
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