Associate Actuary

  • 34810
  • Life - Actuarial
  • |
  • North Carolina, United States
  • |
  • Mar 5, 2019
  • ALFA Modeling.
  • Maintains Term pricing models, and makes changes as necessary 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.
  • Rate Creation.
  • Develops and maintains tools which facilitate rate development, loading of rates into pricing models and spreadsheets, and delivery of rates to IT systems.
  • Pricing Analysis and Documentation.
  • 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.
  • Undergraduate degree or 4+ years of comparable work experience; educational concentration in mathematics or actuarial science is preferred.
  • ASA or progress towards ASA with additional years of actuarial experience.
  • 3+ years of applicable actuarial experience including financial products and analysis that directly aligns with the specific responsibilities for this position.
  • Analytical skills: ability to think critically, identify and solve potential challenges, and validate results.
  • Programming/modeling skills.
  • Proficiency with actuarial pricing software, such as MG-ALFA.
  • Priority setting, time management and organizational skills.
  • Term knowledge and general insurance/business knowledge.
  • Excellent oral and written communications skills.