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Company US has a long history in protection products and the traditional life products have been the backbone of the business. To support this organization, Company has an immediate need for a Senior Manager-Actuarial. The Senior Manager will be part of the Central Modeling team, and will lead the financial & risk analysis on the Traditional product line including term, closed block and participating whole life individual insurance. The position will be responsible for:
Work the Financial Protection business to update & document actuarial models in GGY-AXIS. Models will be used project statutory, GAAP, and IFRS earnings and balance sheets
Maintain and enhance Traditional actuarial models
◦ Implement, quantify and review assumption changes & product updates
◦ Streamline modeling & reporting processes as needed
◦ Ensure appropriate model governance and controls
Project, analyze, summarize and communicate results of the AXIS models for the following projects
◦ Solvency 2 reporting, including EEV (European Embedded Value), Short Term Economic Capital (STEC) and Risk Appetite
◦ Strategic Plan modeling (Statutory and IFRS basis)
◦ New Business Value (NBV) projections
◦ Cash Flow Testing/Asset Adequacy Testing
Serve as a Traditional Life subject matter expert to the Central Modeling Team with respect to product features, models and risks. Liaise with Financial Protection team, valuation, administrations, accounting and systems teams as needed.
ASA designation (FSA preferred)
5+ years of modeling experience
3+ year knowledge of Life Insurance market/products
Strong modeling skills – knowledge of AXIS platform preferred
Strong quantitative orientation, analytical skills, a high level of intellectual curiosity, tolerance for ambiguity and seasoned judgment.
Demonstrated collaboration and leadership skills to interface with various internal teams
Must be comfortable dealing with both complexity and ambiguity and be able to explore multiple solutions to a problem.
Must be able to present/defend solutions/positions based on an analysis of facts.
Ability to supervise one actuarial student and potential offshore staff in India as needed
Self starter and outgoing.
Good communication skills.
We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.
As an employer Company is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. Company US has been recognized and certified as a great place to work by the Great Place to Work Institute.
We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave Company. Almost 40% of our open jobs are filled with current employees.
NOTE: Company participates in the E-Verify program.
In addition to competitive compensation and an outstanding benefits package including 401 (k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.
Company is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.
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