Assiociate Actuary, Life Qualified (*remote)

Alternate Locations: Radnor, PA (Pennsylvania)

 Work Arrangement:

Remote : Work at home employee residing outside of a commutable distance to an office location.

Relocation assistance:  is not available for this opportunity.

Requisition #: 73234

The Role at a Glance

As the Consultant, Life Qualified Actuary Team, you will serve as a subject matter expert driving insights and delivering thoughtful analysis on Life Valuation quarterly results, annual assumption updates, and new product and implementations for both GAAP and Statutory reporting. You will also be critical in the production of the annual VM-31 report and represent finance and valuation as a supporting member of new product pricing working groups.

The ideal candidate will have life valuation background and love applying it to solve real world business problems.  

What you'll be doing

Valuation Results Review

• 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 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.  

Assumptions:

• Serve as an assumption subgroup member during the annual unlocking process actively contributing to the setting of assumptions and compiling of documentation
• Develop expertise in regulatory requirements for assumptions to support efforts to define assumption parameters appropriate for both GAAP and VM-20 statutory reporting.

New Product Implementation and New Product Pricing Review:

• 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.

Expected to have a natural ability to embrace a continuous improvement mindset to assess and improve analysis tools, processes, and modeling methods and assumptions.

Should have a desire and willingness to collaborate across the organization to support strong relationships with Life Valuation and Modeling, Life Pricing, Life Model Governance, Corporate Finance, and others. 

What we’re looking for

Must-haves:

• 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
• ASA required, progressing to FSA

Nice-to-haves:

• VM-20 experience for ULSG and/or Term products …