Actuarial Associate
- United Life Insurance Company
- Guaranty Income Life Insurance Company
- Lincoln Benefit Life
- Kuvare Life Re
- Ignite Partners
- Prepare and help monitor reserve trends monthly on GAAP, statutory, and tax accounting bases
- Develop management reporting for existing business
- Assist in preparation of Statutory Annual and Quarterly Statements
- Update Valuation models and organize results for management.
- Assist in gathering information and analysis for external auditor inspections
- Support rate setting and other non-guaranteed elements (NGE) process; perform analysis to support business decisions, coordinate signoff, and monitor implementation.
- Monitor emerging product experience, manage actuarial assumptions and identifying any new risks
- Coordinate and assist with cross-functional initiatives related to product development and reporting
- Oversee Life and/or Annuity product illustrations; provide support to Customer Service on exemptions and escalated requests
- Develop relationships with internal and external distribution (sales) stakeholders
- Manage projects and stakeholders to promote timely and effective progress on key initiatives
- Assist Pricing Actuaries in designing new products
- Leading cross-functional teams in education, objectives, and project decisions relevant to the product
- Managing and communicating pricing risks, profitability, scenario analysis
- Key contributor in implementation of product across downstream teams
- Reinsurance: developing RFP for risk sharing, analysis of existing and potential treaties, developing relationships with counterparts at reinsurers
- Responsible for certifications within Actuarial Memoranda submitted to state regulatory bodies for product filings
- Support development and review of contract language and other filing requirements
- Ensure products are built appropriately in administration system and validating test cases
- Produce, present, and improve monthly business monitoring reporting
- Provide insight and analysis to inforce experience trends
- Produce monthly crediting rate package and process
- Coordinate with ALM and System on data and result analysis
- Assist in the development and analyze annual Illustration Actuary testing models
- Assist on special policy illustration requests
- Assist on Product related projects and requests
- Build and review model inputs to support financial projection capability
- Execute and monitor model projections including troubleshooting model calculations
- Analyze model output ensuring accuracy with intended model purpose
- Update quarterly stress testing results and compare versus risk appetite and limit
- Monitoring investment portfolio to ensure compliance with guidelines and limits
- Monitor asset and liability duration, report mismatches outside of tolerance
- Prepare weekly hedging file, monitor hedge position and results
- Assist with competitive analysis and manager performance benchmarking
- Assess reasonableness of reserves as new blocks of business are acquired
- Assess product features and determine product management strategies as new blocks of business are acquired
- Build efficiencies through programming solutions in all aspects of model input and output data manipulation
- Assist in the development and production of the Own Risk and Solvency Assessment
- Assess the impacts of an alternate investment or reinvestment strategy
- Serve as SME to actuarial data warehouse development, operations, IT, customer support and other functions
- Assist in the development of optimization macros to improve hedging and ALM efficiency
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