POSITION OVERVIEW This position, located in the Boston, MA office, will support the valuation and financial reporting of Pension Risk Transfer (PRT) or Institutional Annuity blocks (assumed through several reinsurance deals). The candidate will work with the valuation team in both the reporting and analysis/review of the business. The hiring manager will consider either an Associate or Sr. Analyst level based on prior experience.
Key responsibilities of the role include:
- Calculating US Statutory, Tax, US GAAP reserves, and other related actuarial balances
- Providing analysis, including sensitivities, for both statutory and GAAP balances and earnings impacts
- Maintaining and improving various controls, including Sarbanes-Oxley (SOX)
- Working with cross functional areas (Pricing, Modeling, IT, Data) to onboard new deals to existing modeling and valuation platforms
- Conducting annual impact testing for potential assumption changes
- Supporting Asset Adequacy Analysis, audit and regulatory requests
QUALIFICATIONS- 4+ years of actuarial experience in the life insurance and retirement industry
- ASA designation required
- Knowledge of annuity or life insurance products and/or background in life and annuity US Statutory and GAAP valuation preferred
- Experience with actuarial software, especially MG-ALFA or PathWise, helpful.
- Strong communication, technical, and analytical skills.
- Takes personal accountability for the execution of goals and objectives.
- Able to participate in the generation of new and unique ideas.
- Has positive attitude necessary to be part of a strong performing team
- Comfort using AI-powered tools to improve productivity and quality of work
- Curiosity about and openness to adopting emerging AI technologies in day-to-day workflows
- Ability to critically evaluate AI-generated outputs for accuracy and relevance
This is the expected annual base salary range for this Boston-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
Base Salary Range
$140,000-$170,000 USD
