What are the responsibilities and job description for the Senior Actuarial Analyst position at Wilton Re?
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
Part of a dynamic valuation team that works with all areas of the company. This position provides exposure to multiple facets of actuarial work, including life insurance and annuity valuation, financial projection, financial reporting and experience analysis/review. This position may also assist in the completion of embedded value, asset/liability management and capital management work.
Role Responsibilities
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.
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.
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
Part of a dynamic valuation team that works with all areas of the company. This position provides exposure to multiple facets of actuarial work, including life insurance and annuity valuation, financial projection, financial reporting and experience analysis/review. This position may also assist in the completion of embedded value, asset/liability management and capital management work.
Role Responsibilities
- Calculate STAT/GAAP/Tax Reserves/ DAC/VOBA etc. and support quarterly results analysis including explanation of variance from expectations.
- Assist in the completion of annual asset adequacy testing (AAT) and risk based capital model runs, analysis and required regulatory reporting.
- Maintain and document valuation models.
- Conduct experience analysis and prepare experience reports for management.
- Prepare material for internal and external reporting, including management, internal and external auditors, clients, rating agencies and regulators.
- Assist with model conversion, valuation platform conversion and system validation.
- 4 years of US Stat or GAAP reserving or financial reporting experience with knowledge of insurance and reinsurance products.
- Proficient in Microsoft Excel, Microsoft Access and programming languages (e.g., SQL, VBA).
- Experience with actuarial software Moody’s Axis or ALFA. ARCVAL/CASE a plus. While the company currently uses all three of these actuarial software platforms we are in the process of converting everything to Moody’s Axis. Hence experience with Axis is a plus.
- Strong analytical skills and attention to detail.
- Strong written and verbal communication skills.
- Able to research problems or questions and provide responses.
- React to change productively and able to prioritize multiple tasks appropriately.
- A background check and pre-employment screening is required and must be successfully completed prior to employment.
- ASA designation preferred but will consider applicants that are close to ASA
- Bachelor’s degree (Mathematics, Economics, Statistics or Actuarial Science is a plus).
- Norwalk, CT
- Hybrid Structure
- Minimal to no travel required
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.
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 : $100,000 - $140,000
