Sr Actuary

  • 34302
  • Life - Actuarial
  • |
  • Ohio, United States
  • |
  • Oct 1, 2018
Insurance
RESPONSIBILITIES
  • Execute and manage the annual assumption unlock review cycle for Life Assumptions Annual revisions of both best estimate and prudent estimate assumptions for CRM and GAAP models.
  • Collaborate with adjacent stakeholders in pricing and valuation to develop recommendations.
  • Lead presentations of assumption recommendations to the Assumption Council, drive buy-in from all relevant stakeholders, and coordinate with the model implementation team for downstream model adjustments.
  • Manage non-unlock assumption setting, including term and whole life assumptions under FAS 60.
  • Manage PBR assumption setting while coordinating with key valuation stakeholders.
  • Improve existing processes by streamlining execution and reducing the risk of error.
  • Lead analysis efforts to promote deeper understanding of emerging experience, policyholder behavior, and opportunities to drive cross-functional business results.
  • Compiles, categorizes & analyzes data.
  • Leads in Illustrating/preproposals for products and testing illustration software.
  • Builds, maintains, runs, and analyzes actuarial Models, using expert knowledge of actuarial projection and/or valuation models such that the models can be optimized to support multiple applications.
  • Performs financial reporting & analysis.
  • Performs pricing of products.
  • Performs the analysis of risks for lines of business.
  • Establishes and understands reserves using in-depth knowledge and application of statutory, GAAP, and tax valuation standards for products.
  • Analyzes reinsurance opportunities and recommends solutions.
  • Performs other duties as assigned.
QUALIFICATIONS
  • Undergraduate degree in Actuarial Science, Mathematics, Statistics, or similar background requiring modeling, programming, or quantitative analysis.
  • Achievement of Fellowship in the Society of Actuaries. Membership in the Society of Actuaries and American Academy of Actuaries.
  • At least eight years of Actuarial experience and Actuarial Council approval.
  • In-depth knowledge of actuarial business functions, statistical methods of analysis, company actuarial systems and databases, and their integration; technical facility with leading computer tools and technology.
  • In-depth knowledge of actuarial viewpoint in a wide variety of actuarial subjects, and in Company, Industry, and Regulatory practices.
  • In-depth knowledge of company operations, products, systems and actuarial methodologies.
  • Master/Expert in Microsoft Office products, programming languages and Actuarial models.
  • Basic level of organizational agility, conflict management, command skills, strategic agility, and motivating others.
  • Proficient level of delegation and accounting.
  • Mastery level of perspective, problem solving, dealing with ambiguity, customer focus, drive for results, learning on the fly, analysis, business perspective, and leveraging system capabilities.