What are the responsibilities and job description for the Actuarial Manager - Asset Modeler position at Wilton RE?
Actuarial Manager, Asset Modeler
Full Time
Norwalk, CT
About the Company:
Wilton Re is an industry leader in the life (re)insurance space, specializing in the acquisition of in force life insurance and annuities. We are experienced industry specialists focused on the risk, capital and operational needs of our clients’ businesses. We provide our clients with the services they need from in force transactions and product development to underwriting and new business strategies.
Wilton Re has the resources and expertise to pursue and successfully manage the largest life and annuity transactions in the market.
Position Summary:
The Actuary, Asset Modeler will focus on developing and managing asset models which support Embedded Value, Cash Flow Testing, Bermuda Economic Balance Sheet Best Estimate Liability calculations, asset/liability management, financial projections, and other ad hoc analysis. The focus of the role will be improving the accuracy and capabilities of the asset models. The role will also contribute to the ongoing transition of the asset modeling from ALFA to AXIS and support the financial and risk analysis of investments and investment strategies. The Company’s asset portfolio consists of traditional fixed income assets, high yield bonds, structured assets, preferred stock, real estate, and private equity.
Role Responsibilities:
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Model Development and Analysis:
- Design, implement, and maintain asset modeling to support financial reporting and risk analysis
- Obtain and analyze asset input data to assess data accuracy and completeness
- Validate model outputs to ensure accuracy and compliance with applicable standards, including static and dynamic validations
- Collaborate with other internal and external parties to ensure alignment between existing and new asset and investment strategy modeling and business requirements
- Stay current with industry best practices and advancements in asset modeling techniques
- Identify opportunities and implement process improvements and efficiencies in modeling workflows
- Support transition of new deals and associated asset modeling
- Incorporate the modeling of derivatives, primarily interest rate swaps, into asset/liability models
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Reporting:
- Ensure quality and timely delivery of asset and investment modeling reporting, disclosures, and analysis to internal and external stakeholders
- Provide actionable recommendations based on analytical results and support asset and capital management strategies
- Conduct stress testing and scenario analysis to evaluate financial impact of economic changes and investment strategies
- Design detailed asset reports from AXIS for enhanced analysis and validation
- Monitor market and regulatory trends and emerging risks relevant to asset and capital management
- Support regulatory reporting requirements such as AG53
- Respond to requests from regulators, rating agencies, and other external and internal parties
Basic Qualifications:
- Knowledge of US statutory and GAAP asset reporting and regulatory frameworks applicable to insurance companies. Knowledge of Bermuda asset related reporting a plus
- Relevant working knowledge in asset modeling and analytics
- Deep understanding of fixed income assets and related modeling concepts (e.g., duration, convexity, prepayment risks, interest rate risk, and credit risk)
- Proficient in AXIS software and other relevant analytical tools (e.g., Python)
Proficient in coding/programming
- Strong analytical and problem-solving capabilities
- Strong ability to analyze and improve business processes
- Effective and timely decision-making capabilities
- Excellent communication and interpersonal skills, with the ability to engage effectively with stakeholders at all levels and across a variety of disciplines
Required Education / Certifications:
- B.S. or B.A. in Actuarial Science, Finance, or related field; FSA or CFA designation preferred
- 5 years of actuarial modeling, specifically with AXIS asset modeling in the life insurance industry
Pay/Location
Norwalk, CT
Hybrid Structure
Minimal to no travel required
Base salary/hourly rate range for this position in Connecticut is between $150,000 and $ 175,000 Please note that specific compensation decisions are based upon a variety of job-related factors as permitted by law, including geographic location, credentials, skills, education, training, and experience.
Base salary is just one component of Wilton Re’s total compensation package for employees. Additional compensation includes annual performance-based bonus, 401K with employer contribution, and profit-sharing program. Employee may also be eligible for long-term incentives (equity). All incentives and benefits are subject to the applicable plan terms.
What We Offer:
- Competitive vacation and sick time, including company-paid holidays, floating holidays and early closing days
- 401(k) plan with employer contribution – US Employees Only
- Profit Sharing Program
- Competitive parental leave
- Health, vision, dental, and life insurance, including access to health and wellness programs
- Employee Assistance Program (EAP)
- Employee Engagement Events and various committees to join
Wilton Re strives to attract, develop, and retain a diverse workforce. We are committed to providing an inclusive and accessible work environment where all associates feel valued, respected, and supported. Our commitment to inclusivity is reflected in the safeguards, policies, and commitments we have in place to remove barriers and provide equal opportunities to prospective and current associates, without discrimination. A Human Resources representative is available to consult with applicants who require accommodation in the application or recruitment process. Any information shared by the applicant about an accommodation will be treated as confidential.
To All Recruitment Agencies: Please do not send any resumes or solicitations regarding open positions to Wilton Re employees unless you have been requested to work on this position or other positions with Wilton Re; please reach out to your main point of contact. Wilton Re is not responsible for any fees related to unsolicited resumes.
Salary : $150,000 - $175,000
