Valuation Actuary – Life – 10008

Valuation Actuary - Life - 10008

Published: November 13, 2023
Baltimore, MD
Job Type
Job ID
Yrs Exp(min)
Salary (Mid)
Mark Nicklas
Recruiter Phone Number


Insurance company in the MidAtlantic US region has a need for a Valuation Actuary. The role will be responsible for producing and analyzing protection business Cash Flow Testing (CFT) and Value of New Business (VNB) metrics and all associated captive reinsurance entities and affiliates. As a subject matter expert in these areas on the Valuation department, the incumbent will work collaboratively with business partners across the organization to ensure these results are accurate and understood by all key stakeholders.

Support the VP Valuation and Appointed Actuary in the timely production of reporting for Value of New Business and Cash Flow Testing
Liaise directly with the model development and investment accounting team members to review actuarial models built to ensure they are fit for purpose
Proactively anticipate and propose necessary model changes to incorporate regulatory requirements or other business needs
Ensure appropriate controls and validations have been performed for CFT and VNB results. Be able to understand the movements in these metrics, and be able to relate movements back to underlying changes
Produce the necessary projections in a timely fashion for the Appointed Actuary to sign the Actuarial Opinion and Actuarial Memorandum and that all necessary back up and support for these sign offs is documented in a suitable manner
Perform appropriate sensitivities on models as requested
Address questions and requests received from auditors and regulators regarding cash flow testing results and the analysis supporting results included within the Actuarial Memorandums
Help to automate reporting procedures and processes outside of the actuarial modeling software for optimal efficiency. Build and/or maintain adjustments or outside of model processes, as needed, until more robust solutions are developed by the model development team
Provide thought leadership on statutory analysis and projections, representing the Appointed Actuary views on cross-functional projects
Maintain compliance with industry professional development guidelines. Participate in industry committees where necessary

Qualifications and Skills:
8+ years of life insurance/actuarial experience
Significant actuarial modeling/programming experience
Advanced knowledge of statutory reporting, cash flow testing/ALM, or similar
Experience with Term Life and Universal Life business
Experience with reinsurance modeling and analysis
Excellent written and oral communication skills, including presentation skills
Actuarial software skills -Moody's Axis preferred
Proven ability to articulate complex solutions to nontechnical audiences

To apply please email: Mark Nicklas | 630-519-5053
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