Client looking to add an Assistant Actuary to their actuarial modeling team. This position is a department subject matter expert on actuarial model development and applications. This detail-oriented, results-driven individual will have advanced knowledge of industry practices and standards and assume the lead in the assigned responsibilities. This position is essential for the company's management of risk and to assure the appropriate level of profitability.
Duties:
Responsible for Prophet model development and testing of various given product types adhering to Model Risk Management policies and procedures
Responsible for running and analyzing certain recurring model applications such as Asset Liability Management, Own Risk Solvency Assessment (ORSA) compliance, Cash Flow Testing, Liquidity Testing and Financial Planning
Document decisions made, processes put in place and other work performed
Support process improvement projects
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
Set up, test, validate and maintain actuarial models for the specified actuarial purpose
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
Qualifications:
Bachelor's in Actuarial Science, Mathematics Statistics or related field or equivalent work experience
2-4+ years of actuarial modeling experience, with life and/or indexed annuity with living benefit experience
Prophet software knowledge strongly preferred
Associate or Fellow of the Society of Actuaries designation preferred. Member of the American Academy of Actuaries.
Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry.
Ability to accurately perform detailed calculations with a high-level of understanding.
Ability to clearly and thoroughly document assumptions, decisions, processes, and other work performed.
Project management experience with the ability to multi-task and switch back and forth between projects as needed.
Ability to work effectively both independently and as part of a team.