Job Description
About the position Responsibilities • Act as the primary reviewer for a product segment analyzing quarterly valuation results for both GAAP and Statutory reporting. • Improve analysis efficiency and provide insight to meet the elevated focus on statutory financial results. • Communicate and influence across the organization by sharing insights and analysis of valuation GAAP and Statutory results with multiple levels of management. • Serve as an assumption subgroup member during the annual unlocking process, contributing to the setting of assumptions and compiling documentation.
• Develop expertise in regulatory requirements for assumptions to support efforts to define assumption parameters appropriate for both GAAP and VM-20 statutory reporting. • Support new product pricing working groups and provide guidance on appropriate assumption and modeling methodologies from a valuation perspective throughout the pricing process. • Provide guidance on appropriate assumptions and modeling methodologies to the new product implementation team. • Expand and maintain validation tools such as external spreadsheets used to review model results.
• Assist in developing and executing model review controls and governance structures. • Embrace a continuous improvement mindset to assess and improve analysis tools, processes, and modeling methods and assumptions. • Collaborate across the organization to support strong relationships with Life Valuation and Modeling, Life Pricing, Life Model Governance, Corporate Actuarial, and others. Requirements • Strong analytical and problem solving skills • Effective verbal and written communication • Life product knowledge and general insurance business knowledge • 5+ years of actuarial experience, including valuation experience • FSA preferred; ASA required Nice-to-haves • VM-20 experience for ULSG and/or Term products • GAAP LDTI experience, specifically with Trad LFPB • GAAP SOP03-1 experience, specifically with ULSG • Prior experience with actuarial modeling software, preferably MG-ALFA Benefits • Clearly defined career tracks and job levels • Leadership development and virtual training opportunities • PTO/parental leave • Competitive 401K and employee benefits • Free financial counseling, health coaching and employee assistance program • Tuition assistance program • Remote work environment and flexible work hybrid situations • Effective productivity/technology tools and training Apply tot his job