Associate Actuary - Projections - Asset and Variable Annuity Projections

Responsibilities:

Asset projections:
• Enhance expertise in the Polysystem asset model and the characteristics of the modeled assets
• Collaborate with ERM and ALM teams on asset valuation stresses and the annual updating of model assumptions for projected yields, investment expenses, defaults, and reinvestment mix
• Innovate improvements in PolySystems asset modeling functionality
• Explain the effects of liability and economic assumptions on modeled asset cashflows
• Create reporting tools to support more effective analysis of results
• Manage ad hoc projection requests from Accounting, Finance, and Risk areas

Variable Annuity modeling:
• Update and validate Variable Annuity AXIS models
• Review model outputs and draw conclusions on reasonability and impact
• Modeling supports production projects including Cash Flow Testing, strategic business planning, and Economic Solvency Ratio
• Streamline model reporting to enhance controls and insights

Qualifications:

• 4+ years of actuarial experience with focus on projections and financial reporting
• Actuarial Associate (ASA) designation
• Experience with PolySystems or AXIS valuation and projection software
• Strong understanding of fixed assets as well as life insurance and/or annuity products
• Experience with Asset/Liability Modeling
• Strong knowledge of Statutory valuation methodologies and financial statements
• Able to communicate complex actuarial or asset topics to all levels from entry to Chief Actuary
• Strong project management skills