Associate Actuary - Traditional Life Valuation and Modeling
Responsibilities
- Provides reports and analyses to management on sales, persistency and mortality or morbidity experience for various product lines, reserve adequacy, risk management information, or various other similar items.
- Manages studies that underlie actuarial assumptions and provides assumptions and data to others
- Supports the team converting the block to an AXIS valuation and projection model by providing reserve and assumption analysis
- Presents financial results and explain earnings variations on the block quarterly.
- May support creation of systems specifications, contracts, commission structures, and other actuarial aspects of product development.
- Monitors and analyzes developments in actuarial techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace.
- May represent the company on industry and professional committees and/or with regulators.
- May supervise a small team of employees.
Qualifications
- FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 6 years of relevant experience.
- In lieu of Bachelor's, will accept Master's in a listed discipline and 4 years of relevant experience.
- In lieu of FSA will accept ASA or equivalent professional designation and 10 years of relevant experience.
- Demonstrates high quality leadership, judgment, organization and prioritization skills.
- Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
- Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
- Excellent computer skills.
Preferred Qualifications
- Advanced PC and technical skills, including spreadsheets, statistical programs and database applications
- Knowledge of actuarial projection software (MoSes, AXIS or equivalent)
- Effective oral and written communication skills, demonstrating the ability to convey complex mathematical and analytical concepts to various audiences
- Extensive knowledge of Traditional life insurance products
- Good working knowledge of IFRS (GAAP), Statutory and Tax valuation principles along with financial reporting requirements including FAS 60, FAS 97
- Ability to contribute effectively within large project teams
- Ability to work on multiple concurrent projects with a high level of focus and organization
- Finds creative solutions to standardize and automate processes
- Effectively deals with change and maintains effectiveness when working under tight deadlines and stressful conditions
- Demonstrates high quality leadership, judgment, organizational and prioritization skills
- Power user of Excel including VBA and considerable expertise with database applications (Access, Oracle, SQL, or equivalent technology).
**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**
Compensation:
The Salary for this position generally ranges between $130,000 - $150,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Bonus Eligibility:
This position is also typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion.
Working Conditions:
- Normal office environment.
- Limited travel may be required