Associate Actuary, ERM

  • 34812
  • Life - Actuarial
  • |
  • Pennsylvania, United States
  • |
  • Mar 6, 2019
Insurance
RESPONSIBILITIES
  • Produces timely, effective, and well-documented stochastic scenarios leveraging Moody’s Analytics Economic Scenario Generator, per requested guidelines and consistent with enterprise expectations.
  • Assists in the build out of a model inventory, leveraging database architecture best practices and other programming languages and approaches.
  • Replicates critical models for use as a model governance control as well as speed efficiencies and strategic analysis.
  • Establishes effective working relationships throughout the organization, both at the corporate level and within the businesses.
  • Consults with Enterprise Risk Management leaders on strategic and risk related issues and problems.
  • Helps identify, measure and communicate total enterprise risk issues.
  • In conjunction with other risk management areas in the lines of businesses, helps develop, implement, monitor, and manage risk mitigation programs for the enterprise.
  • Researches and prepares briefings on status of key projects and initiatives to senior leaders.
  • Participates or leads workgroups by evaluating issues and problems of strategic significance.
  • Provides research and data analysis support and coordinates special projects.
  • Assists in the calculation and aggregation of Economic Capital across all risks to determine the total EC for the organization and help develops analytics based on the results of the EC model to identify sources of change in EC and forecast the impact on EC from potential ALM, investing activities, and management actions.
  • Implements process improvements, consistency, governance, controls, and oversight.
  • Assists in the development of risk methodologies for the company based on actuarial and capital markets/economic principles.
  • Develops robust capabilities for an end to end view on risks at the company.
  • Helps to facilitate transition from existing approaches to newer approaches, and overcomes barriers to mindset change.
QUALIFICATIONS
  • Bachelor's degree is required, preferably in math, business or other quantitative field.
  • ASA or FSA Required.
  • Highly desirable: Chartered Enterprise Risk Analyst OR CFA designation.
  • 3-5 years of financial analysis, engineering, capital markets, modeling, planning and forecasting.
  • Relevant experience in enterprise wide risk management within financial services and/or insurance.
  • Working knowledge of quantitative investment/derivative strategies and risk management.
  • Relevant experience in life insurance industry and actuarial training a plus.
  • Knowledge of techniques and tools in market, credit and operational risk management.
  • Market consistent embedded value, or capital markets based insurance product development, risk management experience is valuable.
  • Strong communication skills, ability to tailor message at the level of the recipient is required.
  • Ability to communicate knowledgeably and credibly, both internally and externally, with strong written/verbal communications and excellent presentation skills.
  • Strong interpersonal skills, engaging, approachable, with the ability to influence.
  • High energy, self-motivated, with a high level of self-awareness.
  • Critical thinker with an ability to analyze information and to evaluate the implications of a course of action or strategy.
  • Understands the interdependencies of how people and organizations function, and can negotiate through complex political situations effectively.
  • Finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding.