Client in the Midwest has a need for an Assistant Actuary. The incumbent provides actuarial analysis and technical skills in support of fulfilling the strategic objectives for the Valuation Actuarial Department. The associate contributes to the management and financial success of annuity and retirement products by performing statutory modeling, attribution analysis, analyzing in-force business, and performing model testing duties. Candidates must possess strong programming, financial and analytical skills and be able to successfully work with cross functional departments in support of a variety of actuarial initiatives.
Responsibilities:
· Manage one or two team members
· Stochastic modeling production and analysis for VA business
· Bermuda business technical provision modeling production and analysis for business ceded offshore
· CFT production support
· VM-21 / NY Regulation 213 sensitivity testing and analysis
· Year-end memo support and survey request support
· Internal and external audit request support
· Team process improvement
· Model user testing on model upgrade and enhancements;
· Support team ad hoc projects;
· Mentoring to less experienced actuary staff.
Qualifications:
· ASA or FSA preferred
· 5+ years or more of relevant actuarial experience;
· Actuarial software experience required (Prophet, MG-Alpha, MG-Triton, etc.), Prophet experience preferred, prophet ALS Library experience a plus;
· Annuity product knowledge and experience required;
· Statutory valuation modeling experience required, VM-21 stochastic modeling or CFT modeling a plus