• 38717
  • Life - Actuarial
  • |
  • New Jersey, United States
  • |
  • Dec 14, 2020
  • Lead Prophet model development, validation and documentation of liability cash flow generation for IFRS17, USGAAP LDTI and other frameworks for various PII jurisdictions
  • Lead Prophet model development for common LDTI and IFRS 17 modules to meet corporate requirements and local needs.
  • Lead the actuarial efforts to support the overall goal of implementing a modernized and repeatable reporting process for the LDTI and IFRS 17 accounting framework in local operations.
  • Design and build out an end-to-end LDTI / IFRS 17 reporting process where the actuarial and financial reporting workflows are re-engineered to fit the future reporting and system needs.
  • Lead or support the Prophet projects as needed in related to LDTI/IFRS 17 implementation for various PII jurisdictions
  • Lead or support international operations on prototype analyses of new frameworks such as LDTI/IFRS 17 methodology testing, balance sheet and income statement impact analysis, product and profitability analysis
  • Act as the subject matter experts within PII for emerging new regulation regimes such as LDTI, IFRS 17, IAIS ICS, PBR, etc
  • A minimum of 5 years of actuarial modeling experience in valuation and projection in an open coding system
  • Broad experience in Prophet is highly preferred; Advanced Prophet modeling experience e.g. Nested Stochastic, ALS, Extended Formula, is highly desired but not required
  • Strong financial modeling knowledge and experience
  • Strong quantitative and analytics skills, including the ability to understand concepts and assess situations in a timely manner
  • Knowledge of economic and risk-based solvency regimes and the latest developments in accounting principles e.g. IFRS 17 and US GAAP targeted improvement is a distinct advantage
  • Dedication to completing work thoroughly and on time under time pressure
  • Strong written and verbal communication skills
  • Broad understanding and relevant experience with Life and/or Annuity products
  • Experience and knowledge of major global insurance markets in Asia and Latin America is a plus
  • Strong project management and execution skills
  • FSA with 5+ years of actuarial experience is required, CFA a plus
  • International experience is a plus