Associate Actuary-Assumptions

• Analyze and interpret policyholder experience data to identify emerging trends, behavioral patterns, and key drivers of experience.
  
• Apply actuarial judgment and statistical analysis to develop assumptions used in financial reporting, risk management, and business planning.
  
  • Types of riders are GMDB, GMIB (Traditional and Hybrid), GMWBL, and GMWB
    
  • Assumptions may include, but are not limited to lapse, partial withdrawals, deferred mortality, payout mortality, GMIB annuitizations and GMWB utilization
    
• Develop and present decks and detailed memorandums seeking assumption proposal approval from senior management
  
• Contribute to the timely and accurate reporting of mortality and policyholder behavior experience
  
• Review experience study data for accuracy and completeness and implement additional controls as necessary.
  
• Drive for accuracy, consistency, and improvements within various experience studies
  
• Take increasing ownership of key deliverables and workstreams, including leading analyses, driving recommendations, and collaborating with stakeholders across the organization
  
• Ensure that any changes to experience study processes, particularly those in spreadsheets, are incorporated appropriately as transparent and repeatable processes with controls; maintain updated documentation on all processes
  
• Collaborate with the modeling team to implement recommended assumptions into models
  
• Support structural, design and process improvements to experience studies through partnering with IT and outside vendors on prioritized transformation projects
  
• Provide support for internal and external audits, including walkthroughs and responses to questions from auditors/regulators
  
• Interact and collaborate with highly skilled staff both internally (e.g., IT, Valuation, Finance) and externally (e.g., modeling outsourcing partner)
  
• Support future transactions by performing various analyses related to experience studies
  

• Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline
  
• ASA, Career ASA or newly credentialed FSA
  
• 5-6+ years financial, insurance industry, or actuarial experience
  
• Strong analytical and problem-solving skills with the ability to identify patterns, trends, anomalies, and key drivers within large and complex datasets
  
• Exceptional attention to detail with a proven ability to validate data, reconcile results, investigate anomalies, and ensure the accuracy and reliability of analyses
  
• Excellent computer skills are required: Advanced knowledge of Microsoft Excel, proficient in SQL Server, Microsoft PowerBI, R, or Python, experience with Microsoft PowerPoint is a plus
  
• Advanced knowledge of actuarial concepts; ability to use this knowledge to lead/develop solutions to adhoc requests or issues
  
• Solid understanding of insurance products, regulations, or insurance company structure from prior experience; Prior experience with variable annuity products preferred
  
• Leverages strong oral and written communication skills to readily and effectively collaborate with peers, managers, shares information and asks questions
  
• Ability to manage competing priorities and deadlines
  
• Strong desire to learn and grow
  
• Experience with improving and optimizing processes and reflecting appropriate controls
  
• Ability to work in a cross-functional team environment
  

Note: Eligible candidates are required to hold immediate, legal U.S. work authorization without the need for current or future visa sponsorship.

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