Venerable · 1 day ago

Actuarial Manager

United States

Full-time

Remote

Mid, Senior Level

7+ years exp

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Financial Services

Growth Opportunities

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Responsibilities

Responsible for performing financial impact analysis of various strategic business initiatives and communicating results to senior leadership and investors to help management make informed business decisions. This includes variable annuity and payout annuity from both a liability and asset perspective, including hedging implications. This may involve analysis around optimization on asset sale strategy, delta and rho hedge modeling, attribution of projected hedge P&L within metrics, alignment of modeling choices across different metrics and blocks (e.g. choice of scenarios, fund modeling).

Work with external actuarial outsourcing partner and internal team members to develop methods to quantify various strategic business initiatives to distributable cash flow (DCF) and economic measures such as fair value.

Review work completed by external actuarial outsourcing partner and internal team members including detailed analysis on cash flow and model output. This includes analysis of projections of Variable Annuity GMxB liabilities (primarily guaranteed minimum living benefits), asset cash flows, and hedges.

Engage in significant interaction with highly skilled colleagues (e.g., model developers, hedging quants, valuation actuaries, investment/portfolio managers, tax accountants)

Contribute to ad-hoc projects by assisting with analysis and implementation of regulatory changes relating to VA (e.g. new Economic Scenario Generator for VM-21) and other company related initiatives, such as modeling or methodology changes.

Qualification

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FSACareer ASAVariable Annuity productsFinancial mathematicsActuarial projection softwareHedgingValuationExcelSQLRVBAInsurance regulationsCompeting priorities management

Required

Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline

FSA or Career ASA

7+ years financial, insurance industry, or actuarial experience

Excellent computer skills: Excel, databases, actuarial projection/valuation software, programming (e.g. R, VBA, SQL)

Excellent analytical skills and deep knowledge of insurance products, regulations, or insurance company structure from prior experience in roles such as pricing, modeling, valuation, risk management, inforce management, experience studies, hedging

Ability to use own knowledge to challenge current methodologies/approaches and develop and execute on solutions to complex actuarial problems. Detail oriented and strong analytical problem-solving skills to make informed decisions

Ability to appropriately and professionally communicate complex concepts across multiple and varied audiences; internal and external to their department or functional area

Ability to manage competing priorities and deadlines

Strong desire to learn and grow; willingness to gain expertise in other actuarial areas besides current areas of expertise to strengthen overall business knowledge