Assistant Actuary - Life Product - 9888
This position provides actuarial services and support in the building, maintaining and measuring of insurance products. This position is essential for the company's management of risk and to assure the appropriate level of profitability. This position is expected to provide actionable information that enables good business decisions and is responsible for project initiatives and business processes within job area.
Set up, test and maintain actuarial models for life insurance pricing, product development, and profitability analysis
Develop pricing assumptions and model inputs for life product development
Perform stress testing and scenario analysis in order to equip management to make strategic decisions
Compile and analyze data, using statistical formulas and other actuarial methods
Prepare and review survey forms and reports for distribution
Develop and implement procedures to comply with new regulatory, control or governance requirements
Respond to requests for information from actuaries, accountants, auditors, management and other associates, as well as external stake holders, providing actuarial analysis where appropriate
Provide guidance, training and direction to other actuarial associates
Collaborate with stakeholders throughout the organization on business initiatives.
Bachelor's Degree or equivalent experience Actuarial Science, Mathematics, Statistics or a related field required
At or nearing Associate Society of Actuaries designation required
2-4 years Related Experience required
Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry
Experience with actuarial projection software preferred