Life Actuary – Asset Liability Management

Role Overview

• Performs complex work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
• Reviews laws and regulations to ensure all processes are compliant; and provides recommendations for improvements and monitors industry communications regarding potential changes to existing laws and regulations.
• Runs models, generates reports, and presents recommendations and detailed analysis of all model runs to Actuarial Leadership.
• May make recommendations for model adjustments and improvements, when appropriate.
• Shares knowledge with team members and serves as a resource to team on escalated issues and navigates obstacles to deliver work product.
• Leads or participates as a key resource on moderately complex projects through concept, planning, execution, and implementation phases with minimal guidance, involving cross functional actuarial areas.
• Develops exhibits and reports that help explain proposals/findings and provides information in an understandable and usable format for stakeholders.
• Identifies and provides recommended solutions to business problems independently, often presenting recommendation to leadership.
• Maintains proper price level, price structure, data availability and other requirements to achieve profitability and competitive goals.
• Identifies critical assumptions to monitor and suggest timely remedies to correct or prevent unfavorable trends.
• Tests impact of assumptions by identifying sources of gain and loss, the appropriate premiums, interest margins, reserves, and cash values for profitability and viability of new and existing products.
• Advises management on issues and serves as a primary resource for their individual team members on escalated issues.
• Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Requirements

• Bachelor’s degree OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree. (Total of 8 years of experience without bachelor’s degree)
• 4 years relevant actuarial or analytical experience and attainment of Fellow within the Society of Actuaries (Bachelor’s degree + 4 years of experience + FSA)
• 8 years relevant actuarial experience and attainment of Associate within the Society of Actuaries. (Bachelor’s Degree + 8 years of experience + ASA)
• 8 years relevant actuarial or analytical experience and attainment of Fellow within the Society of Actuaries (FSA)
• 12 years relevant actuarial or analytical experience and attainment of Associate within the Society of Actuaries (ASA)
• Experience performing complex work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
• Demonstrated experience communicating complex actuarial analysis and recommendations to technical and non-technical audiences.

Benefits

• comprehensive medical, dental and vision plans
• 401(k)
• pension
• life insurance
• parental benefits
• adoption assistance
• paid time off program with paid holidays plus 16 paid volunteer hours
• various wellness programs
• career path planning and continuing education