Actuarial Associate

  • 36866
  • Life - Actuarial
  • |
  • Florida, United States
  • |
  • Feb 20, 2020
Reinsurance
RESPONSIBILITIES
  • Reviews and analyzes annuity products, both for due diligence and market competitive comparison.
  • Summarizes and evaluates all considerations related to a potential block of business: experience, demographics, assumptions, product options, etc., to aide in the pricing of the business.
  • Builds and/or runs actuarial models, including baseline and sensitivities, for annuity business for pricing package or capital calculations.
  • Enhances and codes actuarial models to accurately reflect reinsurance treaty mechanics. 
  • Produces all requested/required analysis to support due diligence for a proposed transaction.
  • Comprehensively documents and is prepared to speak to completed analysis for internal or external stakeholders.
  • Actively manages multiple priorities and responsibilities.
  • Looks for ways to improve analysis and/or processes.
  • Proactively works to build strong relationships with others in the department and the company.
  • Actively participates in meetings, asking questions, answering questions and/or providing valuable input.
  • Assists peers and Actuarial Interns, as requested or required, to foster growth and development within the department.   
  • Assists with ad-hoc projects in the department or company, as needed.
  • Researches annuity products, market trends, industry experience studies, etc., as directed.
QUALIFICATIONS
  • Bachelor’s degree in Actuarial Science, Statistics, Mathematics or similar.
  • Must be actively seeking ASA, then FSA credential from the Society of Actuaries.
  • 2+ years of experience in an actuarial role.
  • Intermediate PC skills, to include Microsoft Office.
  • Technical actuarial aptitude.
  • Good verbal and written communication skills.
  • Desired:
  • Programming knowledge: R, SQL, VBA.
  • Actuarial modelling experience: MG-ALFA, Risk Agility.
  • Experience with Solvency II or stochastic based capital.
  • Understanding or experience of annuity products sold in the US.
  • Understanding or experience with reinsurance.
  • Understanding or experience with CARVM, AG33, AG43.