Job Summary

The Sr. Associate Actuary supports the modeling required for various corporate reporting metrics, including the support of the Multi Year Plan, Cash Flow Testing, ALM, and other strategic initiatives within the company.

Organization

This position reports to the AVP, Actuarial Asset Liability Modeling. This person will have active involvement with Financial Planning & Analysis, Risk, and Corporate Actuarial function and personnel.

Duties and Responsibilities

• Generate actuarial projections using AXIS modeling software.
• Assist in developing and validating asset modeling projections including those used for CFT, RBC and ALM analysis.
• Design and maintain appropriate controls for AXIS models and reports.
• Analyze model output, identify key drivers, and communicate results.
• Provide review and sign off for AXIS model changes and perform change management testing.
• Assist in the annual business planning process including sensitivities, analysis, and narrative requirements.

Experience and Education Requirements

• Bachelor's Degree in Actuarial Science, Math, Statistics, or other related area.
• Minimum ASA with progress towards FSA and MAAA preferred.
• 4 years of related individual life and annuity actuarial experience.
• Experience with general account insurance products, indexed products, life insurance accounting, and asset modeling. Knowledge of pension risk transfer a plus.
• Knowledge of Statutory, GAAP, and Tax accounting
• Intermediate knowledge and experience with actuarial modeling system – AXIS preferred.
• Sound knowledge of business and technical operations preferred.

Skills and Abilities

• Knowledge of Statutory, GAAP, and Tax accounting
• Knowledge of general account insurance products
• Good communication and conflict resolution skills
• Self starter who can develop policies, procedures and processes
• Problem analysis and problem resolution at a functional level required
• Ability to organize and manage multiple priorities required
• Intermediate knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Access)
• Demonstrates initiative and a strong desire to understand and solve problems.
• Willingness to ask questions and propose improvements.
• High degree of ownership for their areas of responsibility.
• Strong problem-solving skills that include advanced analytical and reasoning abilities. Demonstrate ability to apply actuarial principles to complex situations.
• Demonstrates commitment to personal and professional development by seeking feedback, remaining open to criticism, and working through a personal development plan; demonstrates an openness to change and actively leads change.

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Some travel may be required (less than 10%)

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