Associate Actuary - Life PBR Valuation - 9476
Insurance company in the Midwest has a need for an Associate Actuary within the Corporate Actuarial Life valuation team. This position is a department subject matter expert on principle-based life statutory and tax reserving and the corresponding actuarial financial reporting and controls. This position is essential for the company's management of risk and to assure the appropriate level of profitability. This position is responsible for providing actionable information that enables good business decisions along with designing and managing project initiatives and business processes.
Principle-based reserving (PBR) for life products
Detailed analysis of values related to quarterly statutory and tax PBR reporting
Create business requirements and perform detailed audit control testing for new life product statutory and tax valuation
Document decisions made, processes put in place and other work performed
Support process improvement projects
Design and implement programs or processes to achieve business results
Identify and resolve problems for both internal & external parties
Monitor and evaluate adherence to regulations, policies, and procedures
Perform stress testing and scenario analysis to equip management to make strategic decisions
Compile and analyze data, using statistical formulas and other actuarial methods
Respond to requests for information from actuaries and other departments
Design, test and maintain actuarial models for the specified actuarial purpose
Develop partnerships within the organization to engage in cross-functional business initiatives
Present and represent company to external stakeholders.
4-7+ years of actuarial experience, with either specific PBR experience or indexed life modeling and valuation experience
ASA or FSA
Prophet 360 software knowledge preferred
Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry.
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