Actuarial Analyst

  • 34780
  • Life - Actuarial
  • |
  • Nebraska, United States
  • |
  • Mar 1, 2019
Insurance
RESPONSIBILITIES
  • Participate as a member of the audit team providing subject matter expertise to actuarial, financial, product, and risk framework audits.
  • Plan, direct, assign, and monitor assigned phases of audit work, ensuring that results are timely, accurate, and consistent with project objectives.
  • Coordinate work with other departments as project leader.
  • Evaluate and recalculate rate development for new products, product modifications, product specifications, rate assumptions, and re-rating activity.
  • Review mathematical reasonableness of valuation reserve calculations considering product design elements and data inputs.
  • Evaluate conceptual design and general reasonableness of assumptions for financial projection, market and capital risk management models.
  • Analyze product, valuation reserve, risk management, and/or other financial/non-financial data to identify trends or indicators.
  • Verify the accuracy of numerous reports and underlying data/calculations.
  • Provide interpretive insights based on analysis of the results.
  • Review system/model inputs and outputs for audited processes.
  • Evaluate completeness of data and accuracy of mapping and aggregations.
  • Uses business understanding to evaluate problems and potential solutions.
  • Effectively communicates audit issues.
  • Create audit engagement plans based on the risk and its impact on the organization; ensuring that the scope of work is appropriate for the audit assignment.
  • Select and apply the appropriate tools and techniques to data gathering, analysis and interpretation, and reporting.
  • Maintain industry specific knowledge appropriate to the organization, assigned audit engagements, and advisory projects.
  • Identify and escalate strategic implications to the organization from audit issues.
  • Ensure management actions have been effectively implemented through timely and consistent communication.
QUALIFICATIONS
  • 3+ years of insurance industry and/or company experience.
  • 1+ years supervisory/project lead experience
  • Background in math, statistics, economics, or finance.
  • Bachelor degree in relevant field of study.
  • Superior aptitude for statistical interpretation, a working knowledge of modeling assumptions, formulas, and practices.
  • Ability to demonstrate a high-level of analytical and problem-solving skills.
  • Awareness of actuarial modeling concepts and model risk management framework.
  • Understanding of risk management concepts such as risk appetite, risk tolerance, inherent risk, and residual risk, and how to apply them within business processes.
  • Ability to express thoughts, ideas, concepts in a clear and articulate manner using strong verbal and written communication and presentation skills.
  • Ability to sustain working relationships with diverse teams, and individual stakeholders at all levels of the organization to achieve department and enterprise goals.
  • Understanding of insurance industry operational and compliance concepts.
  • Understanding of the organization's industry; including markets, competitors, and industry risks.
  • Advanced knowledge of MS Office Tools including application in a business environment.
  • Demonstrated project management skills with the ability to influence others to accomplish projects.
  • Ability to lead engagements within the organization's audit methodology to meet the audit engagement objectives.
  • Experience in reviewing controls related to relevant fields of experience.
  • Preferred Qualifications:
  • 5+ years of insurance industry and/or company experience.
  • Seasoned background in math, statistics, economics, or accounting/finance.
  • Master's degree in relevant field of study.
  • Professional certifications from one of the following credentialing organizations: Global Association of Risk Professionals, Society of Actuaries, CFA Institute, Investment Training and Consulting Institute, or the Financial Modeling Institute.
  • Experience in processes related to actuarial modeling, market risk management, insurance product pricing, valuation reserves, or investment portfolio management.
  • Experience with modeling tools such as MG-ALFA, Case, ArcVal, AXIS, etc.
  • Understanding of risk management frameworks, such as the Enterprise Risk Management - Integrated Framework, including: risk appetite, risk tolerance, inherent risk, and residual risk, and how to apply them within business processes.
  • Understanding of the organization's strategy and how strategic objectives impact and link to audit work.