What are the responsibilities and job description for the PRT Valuation - Assistant Actuary II position at American National?
The Assistant Actuary will be a pivotal member of the US Pension Risk Transfer Valuation team at American National. They will report to the AVP and support the company’s PRT objectives by contributing to the valuation team to ensure timely completion of monthly valuation of PRT deals and other ad hoc requests. This role will also assist with building out new tools and providing training to more junior members of the team.
What You'll Do
Responsibilities focus on preparing valuation data on monthly basis for new and existing PRT business using Python and excel based tools. The role requires communication with pricing, operations, and valuation teams to gather data needed to prepare valuation data inputs and resolve any unexpected changes. This position also requires the implementation of the new PRT business in existing data preparation process, testing the outputs and making any modifications to accommodate new features. This position supports core actuarial functions such as reserving, modeling, and pricing of PRT business.
Additional Responsibilities
American National offers eligible employees and their families medical, dental, vision, and basic life insurance. Employees are able to enroll in our company’s 401k plan. Employees also receive annually a bank of paid time off and paid holidays. We aspire to see people for what they bring to our corporate culture by supporting an inclusive work environment, including an emphasis on a healthy work-life balance, development opportunities, and a casual dress code.
American National is an established, stable, and successful multi-line insurance corporation that has provided financial strength and a sense of security to employees, customers and business partners since 1905. With focus on our organization’s values and cultural richness: Financial Strength, Integrity, Respect, Service and Teamwork (FIRST) and Agility, Collaboration, and Engagement (ACE) we continue to pursue our vision to be a leading provider of financial products and services for current and future generations.
Hiring Practices
The preceding job posting was designed to indicate the general nature and level of work performed by employees assigned to this position. It is not intended to be interpreted as a comprehensive list of all duties, responsibilities, and qualifications. We are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with the job qualifications, we still encourage you to apply. You may be just the right candidate for this position or other opportunities at American National.
American National’s recruitment policies help us place individuals in a timely and efficient manner. Only the most qualified candidates will be contacted by our recruiting team. Candidates may check the status of their application(s) by logging into their account. Learn more about our company, by following us on social media: LinkedIn, Facebook, Instagram
American National is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information or any other legally protected categories. American National is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities.
What You'll Do
Responsibilities focus on preparing valuation data on monthly basis for new and existing PRT business using Python and excel based tools. The role requires communication with pricing, operations, and valuation teams to gather data needed to prepare valuation data inputs and resolve any unexpected changes. This position also requires the implementation of the new PRT business in existing data preparation process, testing the outputs and making any modifications to accommodate new features. This position supports core actuarial functions such as reserving, modeling, and pricing of PRT business.
Additional Responsibilities
- Effectively applies fundamental actuarial principles
- Assist with modeling efforts for PRT valuation and other special requests related to financial reporting and statutory filings
- Completes processes and improves methods for performing and documenting actuarial analyses promptly and accurately
- Trains less experienced analysts with spreadsheets, databases, and sources of data used in actuarial analyses
- Bachelor's degree.
- Six to eight years of experience.
- Additional Qualifications:
- A bachelor’s degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
- Knowledge of Group Annuities and/or Pensions
- Strong programming and data analytics experience
- Hands on experience with Python
- Demonstrated ability for problem solving and efficiently managing timelines
- Motivated, resourceful, entrepreneurial
- Strong verbal and written communication skills
- The ability to demonstrate sufficient progress in understanding and applying basic actuarial principles is required
- Attainment of an Associate of Society of Actuaries (ASA) designation. Performance and years of experience may be considered in lieu of ASA attainment
- At least four years of actuarial analysis and a track record of performance
- Experience in Pension Risk Transfer or Pensions
- GGY Axis experience
American National offers eligible employees and their families medical, dental, vision, and basic life insurance. Employees are able to enroll in our company’s 401k plan. Employees also receive annually a bank of paid time off and paid holidays. We aspire to see people for what they bring to our corporate culture by supporting an inclusive work environment, including an emphasis on a healthy work-life balance, development opportunities, and a casual dress code.
American National is an established, stable, and successful multi-line insurance corporation that has provided financial strength and a sense of security to employees, customers and business partners since 1905. With focus on our organization’s values and cultural richness: Financial Strength, Integrity, Respect, Service and Teamwork (FIRST) and Agility, Collaboration, and Engagement (ACE) we continue to pursue our vision to be a leading provider of financial products and services for current and future generations.
Hiring Practices
The preceding job posting was designed to indicate the general nature and level of work performed by employees assigned to this position. It is not intended to be interpreted as a comprehensive list of all duties, responsibilities, and qualifications. We are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with the job qualifications, we still encourage you to apply. You may be just the right candidate for this position or other opportunities at American National.
American National’s recruitment policies help us place individuals in a timely and efficient manner. Only the most qualified candidates will be contacted by our recruiting team. Candidates may check the status of their application(s) by logging into their account. Learn more about our company, by following us on social media: LinkedIn, Facebook, Instagram
American National is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information or any other legally protected categories. American National is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities.
