Associate ActuaryWe are currently working on a search for an Associate Actuary for a Global Life Insurance Company.
This position can be 100% remote.
This position seeks to develop and apply theoretical principles and practical actuarial techniques. The Associate Actuary will operate with a high degree of autonomy and has full responsibility for the direction and completion of ongoing projects.
Profile Description: Responsible for calculating, analyzing and reporting actuarial balances for Annuity products under US GAAP, Statutory, and Tax accounting basesLead Long Duration Targeted Improvements (LDTI) project, which includes implementing and executing modeling and assumption updates and performing complex reporting and analysisOwn quarterly review of valuation results for the fixed and payout annuity block; this will include guiding more junior team members, identifying and resolving issues, reviewing and enhancing complementary analytics and communicating with managementCollaborate with business partners to perform and review valuation resultsApply and develop knowledge in specific actuarial procedures such as VM-22 and other regulationsAssist with onboarding of new Annuity blocks as a result of M&A activityCoordinate, prepare and perform actuarial analysis to assist in the development of financial forecasts used in actuarial recommendations and reportingWork closely with internal audit to identify process risks and develop and perform controls.
Interact with external auditors to communicate process and control executionAssist in preparation of actuarial response and communication of results of actuarial research to management areas.
May assist in preparing actuarial portion of financial reports and responses to insurance regulatorsProvide consultation and clarification on actuarial models and risk issuesCoordinate and contribute to completion of cash flow testing initiativesAssist in driving forward modernization efforts for the Annuity blockOpportunities to lead cross-functional projects in Agile work environmentQualifications: Bachelors' degree in Mathematics, Actuarial Science, Finance or related business disciplineFSA or nearing FSA5+ years finance, insurance industry, or actuarial experienceStrong oral and written communication skills
Experience: 5 years required