Actuarial Financial Reporting

  • 34764
  • Life - Actuarial
  • |
  • Alabama, United States
  • |
  • Feb 27, 2019
Insurance
RESPONSIBILITIES
  • Serve as actuarial point of contact for external and internal auditors and state examiners; coordinate auditor requests and responses.
  • Serve as actuarial point of contact for divisional and corporate accounting for ad hoc requests, including working with product-line actuarial teams as needed to analyze and validate quarterly reported earnings.
  • Coordinate and ensure adherence to control standards for all actuarial valuation areas. Coordinate and assist with documentation updates.
  • Coordinate and participate in:
  • Quarterly reporting requirements including management reports, reporting to reinsurers and coinsurance partners, calculation and reporting of statutory net liabilities, reporting of count and inforce amounts, realized gain/loss allocations, shadow balance calculation, IBNR analysis and reporting, and miscellaneous reserve entries including amounts received from TPA’s.
  • Annual reporting requirements including annual statement exhibits and footnotes, 10-K disclosures, rating agency surveys, and state forms.
  • Ensure that actuarial financial reporting for new acquisitions is integrated into existing processes.
  • Coordinate the budget process for Actuarial-Financial.
  • Lead and contribute to process improvement projects for actuarial financial reporting.
  • Support the valuation teams with regard to valuation/admin system conversions and new products, including updates to reporting tools as needed.
  • Coordinate with the divisional and corporate accounting areas, corporate actuarial, product-line actuarial teams, auditors, and consultants to assist with implementation and ongoing compliance for new regulations and standards.
  • Coordinate and provide leadership for departmental records retention practices.
  • Manage staff of 2-3 people.
  • Other job duties as assigned.
QUALIFICATIONS
  • Accountant, auditor, or actuary with strong financial acumen and 5+ years’ experience in the financial industry, preferably with life insurance and/or annuity products.
  • Solid foundation in Statutory and GAAP financial reporting.
  • Understanding of or ability to learn actuarial concepts, internal controls, accounting systems, and insurance and annuity product design.
  • Proficient using Microsoft Excel/Access; SQL experience a plus.
  • Strong analytical abilities and ability to balance multiple priorities.
  • Good problem-solver and self-motivation.
  • Strong leadership skills.
  • Excellent communication skills.
  • Proficient handling large amounts of data in spreadsheets and databases.