Woodland Hills, CA, NY,NY, Houston,TX, Nashville,TN or Remote
We currently have an exciting role for a senior actuary, ALM Production. AIG L&R’s modeling team focuses on implementing best practices from across the actuarial profession, insurance industry, and software development practice to build actuarial models, data feeds and develop test cases and testing tools to validate and document all aspects of these models. This senior actuary role will focus on building the L&R ALM production environment based on AXIS.
Automate batches and reports for production, with a focus ALM (and other related) valuations and risk sensitivity measures for various insurance contracts, including variable annuity, fix annuity, fixed index annuity, universal life, etc.
Set-up the ALM (and other related) valuation methodology in AXIS in partnership with the model development teams and the asset modeling team
Generate and explain market consistent run attribution reports with various stakeholders
Developing detailed documentation of model design, processes, and deficiencies in accordance with corporate and regulatory standards
Ensure that actuarial assumptions, etc., are updated as per stakeholder specifications working with the appropriate model development teams
Work on ad hoc analysis projects mainly driven from an ALM perspective
Participate in other production tasks, as required
Bachelor’s degree in Mathematics, Actuarial Science or Related Field
Bachelordegree with 5 years of relevant experience or masterdegree with 3 years of relevant experience in actuarial modeling, capital markets and asset-liability management
ASA designation required. FSA preferred.
Strong knowledge of derivative markets and risk neutral valuation.
Strong working knowledge of US life insurance and annuity product features, regulatory environment and risks
Strong programming skills with VB and SQL. Understand best practice in software development.
Prior experience with actuarial modeling software is required (AXIS preferred).
Strong written and oral communication skills
Comfortable working in a structured environment with multidisciplinary teams to build complex systems and emphasizes operational controls.
Ability to work on multiple projects, often with tight deadlines