Actuary

  • 37373
  • Life - Actuarial
  • |
  • Alabama, United States
  • |
  • May 13, 2020
Insurance
RESPONSIBILITIES
  • Perform projections and advanced analytics to support all regulatory and business requirements, including some or all of the following: Business plan, Embedded Value, Annual cash flow testing and RBC exercise, International Capital Standards.
  • Perform projections and advanced analytics related to in force business, which may include:
  • Analysis of period over period projection results at a company and product level, explaining, documenting and communicating changes.
  • Dynamic validations of projection models at a company and product level.
  • Support other areas of the company when question arise about actual experience, reinsurance notices, possible acquisitions, etc.
  • Develop tools to support analysis of results more effectively, including implementation of new technology like visual analysis software.
  • Provide modeling expertise, testing, and analysis for implementing new functionality in models, which may include dynamic assumptions, predictive models, and future point stochastic modeling.
  • Perform Value of New Business calculation to support Embedded Value reporting, including:
  • Working with product-specific projection leaders to build well-defined, controlled processes and procedures for calculating VNB each period.
  • Apply analytical tools to enable better understanding of VNB and comparisons to Corporate Goals VNB.
  • Create reports, memos and documentation needed to effectively communicate VNB results and explain changes to period over period.
QUALIFICATIONS
  • Ideal candidate will be a career ASA or FSA with at least 3 years of actuarial experience related to asset/liability modeling, pricing or financial reporting.
  • Experience with PolySystems and/or ALFA required.
  • Knowledge of Statutory and U.S. GAAP valuation methodologies.
  • Actuarial Fellowship or Associate designation and Member American Academy of Actuaries.
  • Excellent verbal and written communication skills.
  • Ability and curiosity to drill into questions and issues to gain full understanding in order to share insights and explanations.
  • Able to work well with other employees
  • Experience working in a collaborative environment.