Associate Actuary - Modeling - Life - Remote - 9850
Client looking for an Associate Actuary-Modeling to join a Corporate Actuarial modeling team. This detail-oriented, results-driven individual will have extensive modeling experience and able to be a subject matter expert on actuarial model development and applications. This position will be responsible for ensuring quality application of the Corporate Actuarial models and for establishing sound project initiatives and analysis of model results in order to provide actionable information that enables good business decisions and helps manage the company’s risks.
Responsible for supporting Prophet model development and testing of various given product types, adhering to Model Risk Management policies and procedures
Responsible for helping to lead the running and analyzing of certain recurring model applications such as Asset Liability Management, Own Risk Solvency Assessment (ORSA) compliance, Cash Flow Testing, Liquidity Testing, and Financial Planning
Responsible for being a subject matter expert on life insurance and / or annuity modeling (preferably life insurance)
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 - including the review of others’ work
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
Bachelor's Degree or equivalent experience Actuarial Science, Mathematics, Statistics, or Related Field required
Minimum 4-7 years of experience required; 7+ years preferred
Prophet software knowledge strongly preferred
Associate or Fellow of the Society of Actuaries designation. Member of the American Academy of Actuaries.
Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry. Life insurance knowledge preferred.
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.
Ability to work effectively both independently and as part of a team