Actuarial Managing Director

  • 35731
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Aug 29, 2019
Consulting
RESPONSIBILITIES
  • Working with clients to understand their life insurance products such as variable annuities and fixed indexed annuities modeling and reporting requirements and processes, and working with software engineering, IT operations, and actuarial and quantitative modeling teams to propose, estimate, and deliver services to clients.
  • Responsible for providing project management oversight including tracking issues, schedules and deliverables for complex customer delivery projects involving multiple customers with multiple departments.
  • Promotes client success by addressing issues, ensuring dependencies and risks are identified, ensuring client and internal approvals processes, and environment controls are followed properly and in a timely manner and changes to projects, products, systems and operations are managed.
  • Works closely with senior management and executive sponsor to ensure clear understanding of program delivery objectives and any constraints that may exist for successful delivery of products and services.
  • Lead the marketing activities in North American, prepare demonstrations to potential clients and response to Request for Proposal by coordinating with different teams.
  • Present at industry and client conferences.
QUALIFICATIONS
  • Bachelor’s degree in Finance, Statistics or other quantitative degrees.
  • FSA/ASA designation or equivalent is a plus.
  • Post graduate degree would be an asset.
  • 10+ years of experience working in the Life Insurance industry in pricing, hedging or valuation areas with a solid knowledge of derivatives and LDI strategies for life insurance companies.
  • Actuarial consulting experience.
  • Sales experience.
  • Solid knowledge of US valuation and accounting standards for life insurance products with embedded financial guarantees.
  • Solid knowledge of economic and risk neutral scenarios generators.
  • Familiar with stochastic-on-stochastic simulations for life Insurance products with embedded financial guarantees, in terms modeling residual hedging risk, and measuring capital.
  • Statistical knowledge and programing experience a plus.
  • Strong communications skills to support client and team interactions.
  • Familiarity with Monte Carlo Simulations.
  • Knowledge of general insurance products for liability modeling purposes.
  • Participate in demonstrations to potential clients.
  • Participate in industry, academic and internal research projects.
  • Develop and deliver presentations on emerging issues pertaining to the Insurance and Financial Services Industry.
  • Attend and present at industry and client conferences.