Sr. Actuarial Assistant, Corporate Actuarial

  • 34923
  • Life - Actuarial
  • |
  • Maryland, United States
  • |
  • Mar 20, 2019
  • Support the Sr. Assistant Actuary and VP & Corporate Actuary in the timely execution of corporate actuarial deliverables. These deliverables encompass model development, model review & analysis, model governance, and special projects as determined by the VP & Corporate Actuary.
  • Liaise with model development, valuation, finance, investment modeling, and financial planning team members to review and analyze models built using MG-ALFA, GGY Axis, Excel, SQL, or other software to ensure they are fit for the intended purpose and built according to the model specifications. The model review methods should have diligence commensurate with the materiality and risks associated with the model purpose and may require a parallel build on an alternative platform.
  • Review production metrics as needed for accuracy and to ensure appropriate controls and validation has been performed. Be able to understand the movements in these metrics, and be able to relate movements back to underlying models.
  • Ensure required model reviews are performed and documented in a timely manner to satisfy all reporting and analysis obligations and to ensure sufficient time for model validation and user acceptance testing.
  • Perform appropriate sensitivities on models as requested.
  • Help to automate our procedures and processes outside of the actuarial modeling software to enhance accuracy and efficiency.
  • Support the building and maintenance of custom testing models as needed to analyze movements in key metrics, or to serve as interim models until more robust models are developed by model development team in MG-ALFA or GGY Axis.
  • Support the building and review of models for the projection of new reinsurance structures with parent or external companies, and prepare comprehensive documentation as required in support of analysis.
  • Document and communicate clearly the results of all reviews and analysis highlighting all potential issues to manager and key stakeholders.
  • Perform attribution analysis and investigation of drivers of earnings and profitability under Statutory, GAAP, Tax, IFRS, EC and SII reporting, and other analysis as appropriate.
  • Serve as the model validation reviewer as work demands warrant.
  • Other duties as required.
  • BS/BA Math/Statistics.
  • 4/+ Exams working towards ASA.
  • Minimum of 4 years of life insurance/actuarial experience.
  • Term and Secondary Guaranteed UL experience required.
  • Pension Risk Transfer experience is a plus.
  • Model development or modeling experience required.
  • Experience in multiple accounting methods preferred.
  • Actuarial software skills - GGY-AXIS experience key requirement, MG-ALFA experience a plus.
  • Spreadsheet and database capabilities.
  • Strong actuarial analytical skills and problem solving ability.
  • Proficient written and oral communication skills.
  • Ability to multi-task in a deadline-oriented environment.