Sr. Actuary/AVP

  • 36101
  • Life - Actuarial
  • |
  • Florida, United States
  • |
  • Oct 23, 2019
Reinsurance
RESPONSIBILITIES
  • Develop production ready, liability-only actuarial models using RAFM actuarial software that meet agreed to validation criteria and satisfy agreed to control and governance procedures.
  • Models relate primarily to coinsurance of level term business and YRT of both term and permanent business.
  • Ensure effective handoff of completed models to valuation teams.
  • The model development responsibilities serve to ensure that company maintains a high quality and robust valuation framework that supports the accurate projection of insurance liabilities and earnings across a variety of financial reporting frameworks and meets rigorous audit and governance standards.
  • Establish and maintain effective documentation of model implementation steps, validation criteria and results in accordance with both internal documentation and governance standards and external auditor requirements.
  • Support ad-hoc actuarial modelling needs which may include asset modelling initiatives, support for PBR modelling and IFRS17 implementation.
  • The model development role may include providing consultation type services to the different Business Units to encourage the movement toward best practices.
QUALIFICATIONS
  • Bachelor’s degree from an accredited college or university.
  • Minimum of 8 years’ actuarial experience in life insurance or reinsurance.
  • Credentialed FSA.
  • Experience with pricing, valuation and modelling of life insurance products.
  • Experience with reinsurance.
  • Experience with model validation and governance standards.
  • Intermediate/Advanced MS Office: Excel, Word, Outlook, and PowerPoint.
  • Excellent written and spoken communication and organizational skills.
  • Experience with Risk Agility FM actuarial platform however consideration will be given to candidates with modelling experience using other platforms with demonstrated ability to adapt.