AVP

  • 39240
  • Life - Actuarial
  • |
  • Florida, United States
  • |
  • Mar 7, 2021
Reinsurance
RESPONSIBILITIES
  • Establish and/or evaluate creative reinsurance solutions for the annuity market, for either specific clients or products, and/or proposing solutions for potential market needs
  • Define treaty formulas and/or mechanics, verifying suitability for all possible scenarios
  • Build, review, enhance and/or guide efforts in the construction actuarial models of underlying annuity business to be used for risk analysis
  • Build or review robust reinsurance deal models to be used as the basis for sharing internally or externally, the pro-forma of the transaction and important risk/pricing metrics
  • Adhere to and complete all tasks defined in the company’s underwriting guidelines and usher through desired transactions to execution
  • Calculate considerations related to the proposed transaction such as required capital under various accounting regimes, distributable earnings for all entities involved, impact to profit metrics for ceding company, etc.
  • Work closely and cooperate with various stakeholders throughout the organization
  • Produce and/or review required documentation for internal due diligence, audit, underwriting approvals, regulatory submissions, treaties, letters of intent, responses to clients, etc.
  • Collaborate with other team members to respond timely to internal and external requests and complete due diligence
  • Be a leader in the department and potentially the direct supervisor for junior level actuaries
  • Present and/or actively participate during internal or external meetings and discussions
  • Research, independently or direct others, on regulatory developments, product filings, market trends, industry studies, etc
  • Help lead non-client focused marketing efforts, which may include presenting to the industry more broadly, onsite and offsite, as appropriate
  • Support and/or review annuity experience studies
  • Establish and/or review risk monitoring metrics for inforce annuity business
  • Assist with ad-hoc projects in the department or company, as needed
QUALIFICATIONS
  • Bachelor’s degree in Actuarial Science, Statistics, Mathematics or similar
  • Fellow of the Society of Actuaries
  • Minimum 6 years of experience
  • Excellent PC skills, to include Microsoft Office
  • In-depth knowledge of annuity products and/or U.S. retirement market
  • Strong verbal communication with ability to communicate complex concepts, tailoring to intended audience
  • Excellent writing skills and documentation standards
  • Technical actuarial aptitude
  • Ability to organize and prioritize multiple initiatives
  • Experience with actuarial modelling software: MG-AFLA or RAFM desired, or aptitude to learn new software
  • Basic programming knowledge: R, SQL, VBA, Python, etc.
  • Understanding of reinsurance basics
  • Experience or background with various accounting frameworks: Solvency II, U.S. Statutory and GAAP, IFRS
  • Knowledge of annuity based reserving
  • Knowledge of annuity product pricing