The Actuary, Actuarial Models, in this Director-level role, is responsible for developing and maintaining actuarial models, specifically focusing on the Fixed Indexed Annuity and Traditional Deferred Annuity Corporate AXIS model. This includes executing model change management activities in a stringent model governance environment and preparing the models for production runs. The position involves extensive collaboration with internal groups and external entities. Additionally, there may be a requirement for managing and developing staff members.
The Actuary, Actuarial Models, reports to the AVP, Actuarial Models, and plays a key role in interacting with senior leaders across disciplines and functions.
Duties and Responsibilities:
Collaboration: Work closely with various teams to understand, develop, and implement enhancements to Corporate Annuity AXIS models for valuation, pricing, inforce management, ALM, and planning purposes.
Risk Management Culture: Foster a strong risk management culture within the organization, ensuring comprehensive model documentation and executing model change management processes while adhering to established governance policies and procedures.
Production Runs: Prepare the Corporate Annuity AXIS models for regularly scheduled production runs.
Expert Support: Serve as the expert on Corporate Annuity AXIS models, providing technical model support and relevant training to other actuarial users within the organization.
Process Enhancement: Develop and enhance processes for effectiveness and efficiency, focusing on repeatability and scalability.
Experience and Education Requirements:
Education: Bachelor's degree in mathematics, statistics, actuarial science, or a related field.
Professional Designation: ASA required, FSA strongly preferred.
Experience: Minimum of 5 years of related actuarial experience.
Software Knowledge: Experience with and knowledge of AXIS (preferred) or similar actuarial modeling software is required.
Industry Experience: Experience within the Fixed Indexed Annuity line of business, or reinsurance thereon, is preferred.
Modeling Applications: Experience with modeling applications that calculate or project US statutory and US GAAP quantities (e.g., Valuation, Pricing, Asset Liability Management / Cash Flow Testing) is preferred.
Knowledge, Skills & Abilities:
Microsoft Office Proficiency: Extensive experience with Microsoft Office applications (Word, Excel, PowerPoint, Access).
Problem-Solving Skills: Strong problem-solving skills that include advanced analytical and reasoning abilities.
Actuarial Principles: Demonstration of the ability to apply actuarial principles to complex situations.
Integrity and Commitment: Unconditional integrity and commitment to delivering accurate information on schedule.
Project Management: Strong project management skills, including appropriate priority setting, resource assessment, and delivery management with a focus on quality.
Team Collaboration: Team player with demonstrated ability to proactively identify issues and influence key project decisions to achieve desired outcomes.
Initiative and Efficiency: Self-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging project environments.
Communication Skills: Excellent verbal, written, interpersonal, and presentation skills, including effective communication with and presenting to all levels of management.