Analyst, Actuarial Valuation

POSITION SUMMARY:

This position, located in the Boston, MA office, will support the execution and testing of models for the Annuity, Life Insurance, Disability, and Pension Risk Transfer business. The candidate will work with the Model Production team to execute and test the models, and review and analyze results.  The candidate will work closely with Model Development in testing models, and with Valuation in producing results.

RESPONSIBILITIES:

• Performing accurate monthly/quarterly production runs of the Integrate and MG-ALFA Models to calculate US Statutory, Tax, US GAAP reserves, and other related actuarial balances
• Maintaining evidence for SOX controls associated with the production model runs
• Conducting annual impact testing for potential assumption changes
• Performing model runs to test model updates implemented by model development
• Performing model runs to provide valuation team with reserve impacts from any model change, and supporting the review and approval of those changes
• Supporting analysis, including sensitivities, for both statutory and GAAP balances and earnings impacts
• Supporting audit and regulatory requests

QUALIFICATIONS:

• 0-2 years of actuarial experience in the insurance and retirement industry
• 2 SOA Exams passed
• Knowledge of annuity or life insurance products and/or background in life and annuity US Statutory and GAAP valuation preferred
• Experience with actuarial software, especially MG-ALFA, helpful
• Familiarity with programming languages, mainly VBA and Python, but any programming is useful
• Strong communication, technical, and analytical skills
• Takes personal accountability for the execution of goals and objectives
• Able to participate in the generation of new and unique ideas

To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.

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