Actuary

  • 33552
  • Life - Actuarial
  • |
  • Texas, United States
  • |
  • 4 days ago
Insurance
RESPONSIBILITIES
  • Develop this new role and demonstrate its importance as a key leadership role in our organization
  • After this role has been initially defined, to continuously help improve, update, and maintain our model governance and model validation practices.
  • Provide an independent view on model reliability, stability, and robustness, and if the model is “fit for purpose”, including whether assumptions were appropriately implemented.
  • Provide independent assessment of certain critical models by reviewing model assumptions, data sources, mathematical formulas, processes, and business applications.
  • Collaborate with stakeholders including members in Modeling, Risk, and Actuarial and eventually other non-actuarial departments.
  • Effectively communicate the validation results to appropriate governance stakeholders.
  • Follow up on to ensure they are implemented appropriately and in a reasonable timeframe.
  • Research available modeling solutions and leading industry practices, and share findings with different partners.
  • Support and perform actuarial peer review and testing activities on Life and Annuity models.
  • Support actuarial product line model owners and Risk Model Validation team to execute model validations.
  • Support model change management process, assuring that protocols are being followed.
  • Effectively challenge modeling methodology, parameters and actuarial assumptions.
  • Test the model implementation through code review and / or benchmarking.
  • Direct and coordinate multiple people investigating multiple models.
  • Develop direct reports by fostering and supporting career development, motivating, engaging and capitalizing in employee strengths.
  • Recruit high potential talent for current and future responsibilities.
  • Establish a highly effective team with positive morale.
  • Provide overall guidance and feedback through regular one-on-one meetings, quarterly.
  • Performance/development meetings and annual performance evaluations.
QUALIFICATIONS
  • Requirement of 5 or more years of direct modeling experience (CFT, Pricing, ALM Modeling, etc.).
  • Strong preference for 5+ years of model validation, and/or model risk management, experience.
  • Strong preference for experience with multiple modeling platforms. (ALFA, PolySystems, GGY-AXIS, etc.)
  • FSA/ASA required.
  • Knowledge of Valuation, Projections, Experience and Pricing actuarial processes.
  • Intellectual curiosity, skepticism, assertiveness, and the courage to ask tough questions and to follow up to make sure commitments are fulfilled.
  • Strong communication skills (verbal and written).
  • Ability to work effectively with remote colleagues over the phone and video conference.
  • Ability and willingness to challenge and influence the business in a highly collaborative way.
  • Willingness to collaborate, and share ideas and knowledge with the team.
  • Ability to work independently with minimal supervision.
  • Results oriented, accountable for performance, and willingness to take ownership of projects.
  • Ability to put operational plans into place and to execute with a strong focus on results while not always being in direct control of all areas involved.
  • Understands relevant life/annuity regulations.
  • Strong understanding of US GAAP and Statutory valuation frameworks for fixed annuity and life product lines is preferred.