Senior Actuary, Modeling (Life/Annuity)-9173
Insurer in the Midwest has a need for a Senior Actuary for the Modeling department. The role is responsible for serving the actuarial team in the design and implementation of a best practice model governance framework. As a manager of the modeling team, the incumbent contributes to the development and production of actuarial models and associated analysis; and maintains accurate records and validations. The incumbent will provide subject matter expertise to team members and internal/external stakeholders on complex actuarial models. The role will have 3-5 direct reports and will lead a diverse team with responsibility for managing the employee life cycle and experience.
Leading change management of the Actuarial Corporate Model subject to rigorous model governance control requirements; leading research and development for changes in the Actuarial Corporate Model; evaluating existing actuarial models for enhancements on run-time, calculation engine, database setup and reporting capabilities; contributing to enhancing the current model governance policies and procedures; ensuring timely and accurate delivery of actuarial models to key stakeholders; supporting the actuarial modeling side of new reinsurance initiatives, new asset allocations and multi-channel product distribution; managing a strategic initiative to integrate all actuarial models into the Actuarial Corporate Model; understanding US GAAP and Statutory reporting, including but not limited to the following metrics: FAS 97, FAS 133, SOP 03-1, DAC, AG33, AG35 and Cash Flow Testing; leading the Model Steering Committee and serving as a member on the Assumption Review Committee; partnering with IT to improve and enhance the flow of data to the actuarial corporate model; ensuring timely and accurate preparation, validation and delivery on external audit and internal audit; monitoring developments in the actuarial industry; and remaining current on applicable regulatory and accounting matters from a modeling perspective.
EDUCATION AND/OR EXPERIENCE:
· 10+ years of progressively responsible related actuarial experience, or equivalent combination of education/and experience
· Life/Annuity experience, Fixed Indexed Annuity experience is preferred
· FSA, MAAA or ASA, MAAA required.
· At least 5 years of MG-ALFA experience.
· Prior supervisory experience preferred.