• 37685
  • Life - Actuarial
  • |
  • New Jersey, United States
  • |
  • Jul 7, 2020
  • Support financial modeling and analytics for Pension Risk Transfer funded pricing platform, working with dedicated team and with Treasury for Funding Agreement pricing.
  • Direct and support development of enhanced actuarial models used for cash flow production and policyholder behavior, Statutory and GAAP reserves, asset liability management, and financial projections.
  • Effectively communicate pricing results and recommendations and analysis of inforce experience to senior management in written presentations and meetings.
  • Support accounting, reserving, risk transfer and financial analysis related to internal reinsurance transactions with emphasis on reinsurance to entities by working cross functionally with offshore actuarial group and affiliated stakeholders.
  • Provide accurate and insightful model validation to facilitate confident decision-making and to achieve business goals.
  • Implement efficient and robust pricing processes and ensure compliance with Model Risk Policies.
  • Coordinate and review reinsurance quotations.
  • Manage, develop, and delegate work to a team of 5-6 actuaries and technicians.
  • Bachelor’s degree in Actuarial Science, Mathematics, Finance or related field.
  • 7+ years of experience in pension consulting, life insurance or reinsurance industry, or with significant experience in the financial services / insurance sector.
  • Detailed knowledge of actuarial analysis for defined benefit plans, including familiarity with mortality experience analysis, demonstrated by an actuarial credential or progress toward an actuarial credential.
  • Understanding of asset-liability analysis with an emphasis on analyzing liability-hedging investments and return-oriented investments.
  • Actuarial experience including financial modeling, product development, pricing, valuation.
  • Society of Actuaries FSA or ASA/EA designation required.
  • Understanding of rules for pension accounting and for determination of pension funding requirements.
  • Strong written and verbal communication skills.
  • Some travel will be required.
  • Strong attention to detail and the ability to prioritize and manage several projects.
  • Strong technical skills using actuarial software such as ProVal, MG-ALFA.