Associate Actuary

  • 39085
  • Life - Actuarial
  • |
  • North Carolina, United States
  • |
  • Feb 9, 2021
Reinsurance
RESPONSIBILITIES
  • Enhance and improve current actuarial modeling and reporting processes, convert targeted business onto the actuarial models, and support regular model releases
  • Support the elimination of manual processes and further automate the existing reserving processes and share technology solutions with other associates
  • Maintain comprehensive documentation surrounding actuarial models and model development processes, and support model change management process
  • Coordinate with stakeholders across the global organization and support the delivery overall IFRS 17 program
  • Ensure that appropriate auditable controls, reconciliations, and documentation are maintained with respect to the actuarial modeling processes
  • Work with financial reporting teams, both actuarial and broader finance, to ensure analytical capabilities required for managing the business under IFRS 17 are available
  • Look for areas of improvement and alignment between Solvency II and existing IFRS reporting processes
  • Develop actuarial assumptions to use in actuarial reserving
  • Communicate actuarial analyses and results to business unit management
  • Provide support to other areas such as accounting, FP&A, data management
  • Build and maintain relationships with colleagues throughout the company
  • Complete special assignments and projects for the department as necessary
  • May perform other duties as assigned
QUALIFICATIONS
  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence
  • ASA (or equivalent) designation from the Society of Actuaries, with steady exam progression towards fellowship
  • 3+ years’ experience with modeling or financial reporting experience
  • Hands-on experience with actuarial modeling software (Prophet experience preferred)
  • Knowledge with life and annuity products
  • Strong interpersonal and communication skills, including verbal, written and relationship building
  • Ability to work efficiently and effectively in team setting
  • Ability to work independently
  • Demonstrated ability to understand complex models and perform valuation and analyses to deliver required results
  • Demonstrated ability to identify and implement departmental processes and controls and ensure appropriate documentation
  • Rapid and consistent increase in responsibilities in an organization (preferred)