About this role
Summary
Responsible for all aspects of Actuarial work related to development, ongoing reporting, governance and documentation of US GAAP, Statutory and Tax financials at Prosperity.
Major Duties and Responsibilities
• Demonstrate an understanding of insurance products and terminology
• Enhance ALFA and ArcVal modeling knowledge needed to support financial reporting
• Assist in establishing and maintaining controls over valuation systems, processes and databases to ensure that the company’s results comply with reporting requirements
• Partner with modeling peers to convert the ArcVal Statutory valuation models to ALFA
• Assist in maintaining detailed documentation for all key assumptions underlying the development of financials
• Support external auditor’s review processes and procedures for financial reporting
• Develop and maintain a current knowledge of all regulatory requirements for financial reporting
• Monitor regulatory environment and recommend, develop and implement financial reporting changes as necessary
• Build actuarial expertise in the interpretation and understanding of financials. Participate in the development, optimization, and maintenance of tools to assess earnings changes
• May be assigned other duties as required to support organizational goals and objectives
Job Qualifications
• Level and title commensurate with experience
• Bachelor’s degree (B.A.) or equivalent education and experience required
• Must be working towards and making satisfactory progress toward ASA or FSA designation (FSA preferred)
• Advanced Excel skills and experience with ArcVal, MG ALFA or other similar modeling platform
• Strong knowledge of annuity products
• Must have a minimum of 4 years’ experience in a professional actuarial role with a variety of insurance products, including knowledge of the LDTI, FAS 60, FAS 91 and FAS 97 accounting models.
• FAS133 and MRB experience is preferred
• Hands-on experience coding, validating and maintaining valuation systems
• Prior experience with end-to-end development of PGAAP Financials, including preparation of all the relevant documentation for management / external audit governance is a plus
Key Competencies
• Proven experience interacting professionally and effectively in a team environment
• Ability to explain complex actuarial concepts and results in a coherent manner
• Experience managing concurrent deadlines and multiple priorities
• Enjoys working hard, looks for challenges, and seeks opportunities for improvement
Responsible for all aspects of Actuarial work related to development, ongoing reporting, governance and documentation of US GAAP, Statutory and Tax financials at Prosperity.
Major Duties and Responsibilities
• Demonstrate an understanding of insurance products and terminology
• Enhance ALFA and ArcVal modeling knowledge needed to support financial reporting
• Assist in establishing and maintaining controls over valuation systems, processes and databases to ensure that the company’s results comply with reporting requirements
• Partner with modeling peers to convert the ArcVal Statutory valuation models to ALFA
• Assist in maintaining detailed documentation for all key assumptions underlying the development of financials
• Support external auditor’s review processes and procedures for financial reporting
• Develop and maintain a current knowledge of all regulatory requirements for financial reporting
• Monitor regulatory environment and recommend, develop and implement financial reporting changes as necessary
• Build actuarial expertise in the interpretation and understanding of financials. Participate in the development, optimization, and maintenance of tools to assess earnings changes
• May be assigned other duties as required to support organizational goals and objectives
Job Qualifications
• Level and title commensurate with experience
• Bachelor’s degree (B.A.) or equivalent education and experience required
• Must be working towards and making satisfactory progress toward ASA or FSA designation (FSA preferred)
• Advanced Excel skills and experience with ArcVal, MG ALFA or other similar modeling platform
• Strong knowledge of annuity products
• Must have a minimum of 4 years’ experience in a professional actuarial role with a variety of insurance products, including knowledge of the LDTI, FAS 60, FAS 91 and FAS 97 accounting models.
• FAS133 and MRB experience is preferred
• Hands-on experience coding, validating and maintaining valuation systems
• Prior experience with end-to-end development of PGAAP Financials, including preparation of all the relevant documentation for management / external audit governance is a plus
Key Competencies
• Proven experience interacting professionally and effectively in a team environment
• Ability to explain complex actuarial concepts and results in a coherent manner
• Experience managing concurrent deadlines and multiple priorities
• Enjoys working hard, looks for challenges, and seeks opportunities for improvement