Actuarial Sr. Consultant

  • 33472
  • Life - Actuarial
  • |
  • Ohio, United States
  • |
  • Mar 28, 2018
Insurance
RESPONSIBILITIES
  • Running and/or reviewing the forecast projections, during quarter-end, for all the annuity lines of business.
  • Running and/or reviewing model changes/enhancements prior to quarter-end to understand and explain the impact to results.
  • Supporting the development and execution of all materials supporting the reporting of forecast results; including assisting with preparing presentations for senior leaders of the organization.
  • Assisting with maintenance of data and other inputs to forecast, as needed.
  • Managing, documenting, and rationalizing simplifications and topside adjustments to forecast projections.
  • Maintaining automated, transparent, and quick end-to-end processes.
  • Support conversion to Axis; defining requirements, testing new processes, communicating impacts.
  • Ensuring process documentation remains up-to-date.
  • Collaborating with the Valuation, Pricing, and other teams to better understand the inputs to the forecast and the drivers of forecast results.
  • Collaborating with Financial Reporting team to ensure consistency between actuals and forecast projections.
  • Running and/or reviewing model projections on new business and inforce profitability for all annuity lines of business.
  • Connecting trends in profitability to forecast results.
  • Running and/or reviewing model changes/enhancements throughout the year to understand and explain the impact to profitability metrics.
  • Developing and maintaining dashboards that report on profitability on a routine basis.
  • Maintaining automated, transparent, and quick end-to-end processes.
  • Ensuring process documentation remains up-to-date.
  • Collaborating with Product Management team to ensure trends in profitability are accounted for in business actions. Collaborating with Pricing team to understand and incorporate new products as well as maintain a feedback loop on product performance.
  • Monthly, may assist with the completion and/or review of several reporting tasks, possibly including liability estimates, summaries, dashboards, and/or other internal reports.
  • In addition to the monthly duties, each quarter and year-end may also assist with income statements and financial reporting.
QUALIFICATIONS
  • Minimum 4 years relevant Actuarial experience
  • Associate of the Society of Actuaries (ASA)
  • Experience with or desire to lead and develop a team.
  • Continuous improvement mindset.
  • ALFA and/or Axis skills including ability to research code issues.
  • Database programming and spreadsheet skills including macros and VBA coding.
  • Communication skills both within and outside of work team.
  • Careful attention to detail.
  • Familiarity with income statements desired.
  • Annuity knowledge preferred (VA, FIA, FA, IA).
  • Desire to learn annuity products and complex calculations.
  • SQL skills preferred.