Sr. Associate Actuary

  • 33826
  • Life - Actuarial
  • |
  • North Carolina, United States
  • |
  • Jun 27, 2018
Insurance Organization
RESPONSIBILITIES
  • Primary responsibility is performing the modeling for CFT, ALM analysis, Economic Capital and other ad-hoc projects under a variety of interest rate scenarios, assumptions and sensitivity tests.
  • Modeling includes communication and documentation of results, validation of models, maintenance, testing and communicating modeling changes.
  • Gain a thorough understanding of the UL/VUL model and identify areas where modeling can be improved.
  • Work with other areas of the company such as product development, valuation and experience studies to understand the business and risks associated with it.
  • Become informed on industry issues and regulatory requirements for modeling secondary guarantee business, such as PBR and Actuarial Guideline 38.
  • Recognize modeling issues and work with the other team members, valuation, and pricing teams to resolve them.
  • Closely scrutinize modeling methods and assumptions. Monitor emerging experience trends to guide assumption-setting.
  • Assist in developing and maintaining model controls and governance structures.
QUALIFICATIONS
  • Bachelor’s degree or 4+ years of comparable work experience.
  • ASA required, FSA preferred.
  • 3-7+ years of Life product knowledge and general insurance/business knowledge; knowledge of UL, VUL and secondary guarantee products is preferred but not required.
  • Analytical skills: ability to think critically, identify, and solve potential challenges.
  • Excellent oral and written communication skills, adaptable to a wide variety of audiences throughout the company’s organizational structure
  • Priority setting, time management and organizational skills.
  • Programming/modeling skills, proficiency in MG-ALFA is preferred but not required.