Actuary

  • 37203
  • Life - Actuarial
  • |
  • North Carolina, United States
  • |
  • Apr 14, 2020
Reinsurance
RESPONSIBILITIES
  • Manage the day to day responsibilities of the current IFRS reporting regime including:
  • Quarterly running and checking of the IFRS Prophet models.
  • Updating of top side adjustments associated with IFRS reporting.
  • Assistance with associated ledger entries for any topsides.
  • Analysis of quarterly IFRS impacts.
  • Works closely with Accounting to deliver results as per the IFRS timetable.
  • Works closely with FP&A to understand the quarterly IFRS impacts.
  • Outside of the reporting cycle, the role would be responsible for upgrading the IFRS models by working with the team to spec out model changes and test them.
  • Support internal/external audits including annual sample testing exercise.
  • Own IFRS controls and improve them where applicable.
  • Support the preparation of quarterly financial information relating to seriatim and bulk life reinsurance business in accordance with IFRS.
  • Develops and reviews analyses as needed of financial results. Communicates insights to management on profitability by client, duration, etc. Provides other insights regarding financial results regarding IFRS methodology impacts and other factors.
  • Prepares and reviews actuarial information for entry into Everest/Omega and reconciles actuarial results using tools such as Recube and Business Objects.
  • Provides support to other areas such as accounting, FP&A, data management, etc.
  • Ensure that appropriate and auditable controls, reconciliations and documentation are maintained with respect to valuation.
  • May perform other duties as required.
QUALIFICATIONS
  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence.
  • ASA or FSA designation preferred.
  • 2+ years of modeling experience required.
  • Prophet experience required.
  • Experience managing processes and effectively representing department at meetings.
  • Demonstrated ability to understand broader picture and impact of decisions.
  • Proven leadership skills and ability to make strategic decisions.
  • Identify and communicate data quality issues in client-provided inforce extracts and reserving information.
  • Building & maintaining relationships with colleagues.
  • Demonstrated ability to understand complex models and perform valuation and analysis to deliver required results.
  • Demonstrated ability to identify and implement departmental processes and controls and ensure appropriately documented.
  • Technically astute within the actuarial discipline and industry software applications.
  • Strong interpersonal and communication skills, including verbal, written and relationship building.