Associate Actuary

  • 35951
  • Life - Actuarial
  • |
  • Pennsylvania, United States
  • |
  • Oct 2, 2019
  • Lead and perform actuarial peer review, testing, and documentation activities on Annuity projection, valuation, pricing, and experience study models and ALM hedging models.
  • Support actuarial product line model owner teams, model conversion teams, and Risk Model Validation team to execute first-line model validations and support second-line model validations.
  • Comply with all protocols of the model change management process and suggest improvements to the processes.
  • Partner and actively engage with the Actuarial teams to provide model governance/control guidance, support, and best practices.
  • Partner with Model Planning and Model Change Management Teams to implement actuarial policies and procedures.
  • Execute significant and complex data manipulation and complex calculations using macros and other programs, and analyze findings.
  • Reviews, advises, and analyzes studies that underlie actuarial assumptions and provides assumptions and data to others.
  • May supervise a small team of employees within Actuarial Integrity and/or lead specific projects.
  • FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 6 years of relevant experience.
  • In lieu of Bachelor's, will accept Master's in a listed discipline and 4 years of relevant experience.
  • In lieu of FSA will accept ASA or equivalent professional designation and 10 years of relevant experience.
  • Demonstrates high quality leadership, judgment, organization and prioritization skills.
  • Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
  • Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
  • Preferred:
  • At least 4 years of Actuarial Modeling experience, ideally for various purposes, and capacities.
  • In-depth experience with Annuity products and/or ALM hedging models.
  • Thorough understanding of relevant industry regulations and strong mathematical skills and statistical aptitude.
  • Experience on ALFA and/or Axis modeling platforms.
  • Strong analytical skills and focus to assess the problem and find a solution.
  • Experience managing model development or testing projects.
  • Demonstrates high quality leadership, judgment, organization and prioritization skills.
  • Possesses the ability to take initiative and responsibility to problem solve and troubleshoot in an effective and efficient manner.
  • Effectively communicates and collaborates with associates from all levels and areas of the organization, as well as outside consultants, as projects require.