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