Associate Actuary

  • 33827
  • Life - Actuarial
  • |
  • Connecticut, United States
  • |
  • Jun 27, 2018
Insurance Organization
RESPONSIBILITIES
  • Builds models to price new products and manipulates models to test various scenarios, sensitivities, and sales opportunities.
  • Develops a thorough understanding of model assumptions, product mechanics, and reserving/financial regulations in order to validate each component of model output.
  • Develops tools in order to facilitate rate development, loading of rates into ALFA, and analysis of profitability using ALFA output.
  • Coordinates with various areas of the company to develop model assumptions and product specifications.
  • Clearly and consistently documents steps used in pricing process and results obtained.
  • Helps to develop and deliver presentations of pricing results to risk management teams.
  • Develops, expands, and maintains actuarial spreadsheets used to test product functionality on administrative and illustration systems.
  • Works closely with Product Analyst and partners in IT and QA to communicate product features and specs, design testing plans, and resolve defects uncovered in the testing process.
  • Assists in delivering exhibits, memoranda, and data for state filing approval.
  • Develops, expands, and maintains actuarial spreadsheets used to test product functionality on administrative and illustration systems.
QUALIFICATIONS
  • Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major is required.
  • At least 5 SOA exams passed.
  • 3-5+ years of experience in Actuarial positions that directly aligns with the specific responsibilities of the position.
  • Analytical skills: ability to think critically, identify and solve potential challenges, and validate results Programming/modeling skills.
  • Priority setting, time management and organizational skills.
  • Term/UL/VUL knowledge and general insurance/business knowledge.
  • Excellent oral and written communications skills, adaptable to a wide variety of audiences.