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Role Description

As a Senior Actuarial Associate, your primary responsibility will be Asset Adequacy Testing (AAT) production for Individual Life Insurance within the Global Valuation – ALM Projections team within the broader Finance and Actuarial Organization.

• Primary focus is STAT ALM production for Individual Life Insurance AAT, including baseline testing, sensitivities testing, stress testing, and required capital calculation.
• Perform ALM modeling in GGY AXIS and input database staging in SQL Management Studio.
• Develop a strong understanding of ALM modeling and projection output analysis, identifying drivers of results.
• Test and validate modeling changes, ensuring reasonability of overall model results, and comply with model governance, controls, and documentation policies/procedures.
• Support preparing Appointed Actuary’s memoranda, result exhibits, regulatory reporting, and other supplements.
• Engage in projects to support business initiatives, new products, and modeling/methodology improvements.
• Provide actuarial analysis for ad hoc requests involving regulatory requirements.

Qualifications

• Actuarial, ALM and/or investment experience preferably in an insurance company context.
• Strong technical skills with programming experience in SQL and Python.
• Strong project management skills with attention to details.
• Ability to prioritize, plan, and execute across multiple work efforts simultaneously to meet production-related items for STAT reporting.
• Strong verbal & written communication skills, particularly in explaining technical challenges & writing documentation.
• Bachelor’s degree in Actuarial Science, Mathematics, Quantitative Finance or a related field.
• Actuarial exams are required.

Requirements

• Experience in AXIS or similar actuarial modeling platform is a plus.
• ASA or close to ASA is a plus.

Benefits

• Salary range for this role is from $96,200.00 to $158,800.00, varying based on geographic location, candidate experience, and skills.
• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
• Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program.