Associate Actuary Cover Letter

I submit this application to express my sincere interest in the associate actuary position.

In my previous role, I was responsible for actuarial support for nonqualified annuity products within the Individual business.

I reviewed the requirements of the job opening and I believe my candidacy is an excellent fit for this position. Some of the key requirements that I have extensive experience with include:

• Highly advanced knowledge of GAAP, Statutory, and Tax valuation and financial reporting
• Experience with Actuarial valuation/projection systems
• ACAS designation
• Keep up to date with reporting requirements, upcoming projects needed
• Review, understand, and interpret model results
• Develop processes and tools to pull and summarize data from databases, accounting systems, administrative systems, ledger systems and other sources to support model development and validation
• FSA, ASA designation
• Diversified actuarial experience including product management, valuation, reinsurance, and capital

I am excited to be applying for the position of associate actuary. Please accept this letter and the attached resume as my interest in this position.

In my previous role, I was responsible for for the development and use of actuarial related financial projection models to support the analysis and valuation of Life operations.

Please consider my experience and qualifications for this position:

• Or equivalent technology), spreadsheets, statistical programs and actuarial software (MoSes, TAS, AXIS, or equivalent)
• Fellowship, Society of Actuaries
• Familiarity with statistical software (R, Statistica, Minitab) and/or predictive analysis an asset
• Familiarity with life insurance underwriting, an asset
• Associate of Society of Actuaries (ASA)
• Experience with MG-ALFA (version 8 and above) actuarial pricing software
• Self-driven, motivated and take ownership
• Relevant work experience within LTC / Life in pricing, valuation or actuarial modeling

In response to your job posting for associate actuary, I am including this letter and my resume for your review.

Previously, I was responsible for clear and concise communication of technical concepts and work products to underwriters, managers, and senior leadership within National Insurance Risk Management.

Please consider my qualifications and experience:

• Knowledge of NAIC RBC and S&P capital model.Knowledge of additional capital models desirable
• Familiar with insurance company financial statements (both statutory and GAAP)
• Experience with reinsurance, M&A, and/or capital markets transaction
• Inquisitive – independently seeks out knowledge, ask relevant questions and clearly formulate and articulate opinions
• Comfortable with ambiguity and a track record of building effective working relationships across an organization
• Demonstrated success in driving complex projects to completion
• Passed at least 4 exams/courses of a recognized actuarial organization, SOA preferred
• Strong Life actuarial/risk work experience

I submit this application to express my sincere interest in the associate actuary position.

Previously, I was responsible for technical analysis and support by supervising, developing and enhancing a variety of complex actuarial models, applying business insight in designing actuarial processes.

My experience is an excellent fit for the list of requirements in this job:

• Develop and maintain financial monitoring tools and analyses
• Develop and maintain price monitoring reports
• Due diligence of potential new programs
• Detail oriented, including attention to documentation
• Attained Associate of Society of Actuaries (ASA) designation
• Experience with actuarial projections models
• Solid understanding of US GAAP and Stat accounting principles for UL
• Experience modeling reinsurance

Please consider me for the associate actuary opportunity. I am including my resume that lists my qualifications and experience.

In my previous role, I was responsible for pro-active analysis, insights and recommendations supporting development of change to actuarial valuation processes to deliver better business outcomes.

My experience is an excellent fit for the list of requirements in this job:

• Understanding life insurance product mechanics concepts
• ASA/Near ASA and commitment to achieve FSA designation
• Basic knowledge of insurance terminology
• Experience with Medicare Advantage or Prescription Drug Plan bids strongly preferred
• GPA of 3.2 or greater at the time of graduation strongly preferred
• Fellow of Society of Actuaries (or equivalent), Member of the American Academy of Actuaries preferred, near FSA or ASA would also be considered
• Advanced knowledge of actuarial reserving methodologies and techniques
• Experience implementing new models, tools, and processes in a large, complex organization