Actuarial Associate

  • 40821
  • Life - Actuarial
  • |
  • Illinois, United States
  • |
  • Feb 26, 2024
RESPONSIBILITIES
  • · Prepare and monitor monthly reserve trends across GAAP, statutory, and tax accounting bases.
  • · Develop management reports for current business.
  • · Assist in preparing Statutory Annual and Quarterly Statements.
  • · Update Valuation models and present results to management.
  • · Aid in gathering information and analysis for external auditor inspections.
  • · Assist in developing and analyzing annual Illustration Actuary testing models.
  • · Help with special policy illustration requests and product-related projects.
  • · Create and review model inputs for financial projection capability.
  • · Execute and monitor model projections, troubleshooting calculations as needed.
  • · Analyze model output to ensure alignment with intended purpose.
  • · Assess reserve reasonableness for new business blocks.
  • · Evaluate product features and devise management strategies for new business blocks.
  • · Develop programming solutions to enhance efficiency in data manipulation.
  • · Contribute to Own Risk and Solvency Assessment development.
  • · Evaluate impacts of alternative investment strategies.
  • · Act as Subject Matter Expert for actuarial data warehouse development and related functions.
  • · Assist in optimizing macros to enhance hedging and ALM efficiency.
QUALIFICATIONS
  • · 1-3 years of full-time insurance actuarial experience (including prior internships
  • · Understanding of Actuarial software
  • ->SALARY: 70-90k