POSITION OVERVIEW This position, located in the Boston, MA office, will support the valuation and financial reporting of reinsured fixed annuity blocks. The candidate will work with the valuation team in both the reporting and analysis/review of the business.
RESPONSIBILITIES- 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)
- Conducting annual impact testing for potential assumption changes
- Working with the Model Development team related to any necessary modeling updates
- Working with IT and data team on ongoing transformation projects
- Supporting Asset Adequacy Analysis
- Supporting audit and regulatory requests
QUALIFICATIONS- 2+ years of actuarial experience in the life insurance and retirement industry
- Knowledge of annuity or life insurance products and/or background in life and annuity. US Statutory and GAAP valuation preferred
- Experience with actuarial software is a plus
- 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
- Experience with financial forecasting and analysis is a plus
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 $75,000 - $110,000 "To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time."