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Company

Talcott Financial Group · 13 hours ago

Director & Actuary, Economic Balance Sheet Reporting

Connecticut, United States

Full-time

Remote

Lead/Staff, Director/Executive

3+ years exp

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Financial ServicesInsurance

Growth Opportunities

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Responsibilities

Perform the end-to-end actuarial reporting and valuation for annuity liabilities, ensuring timely and accurate reporting under EBS.

Product oversight will focus on Annuity (non-Variable Annuity) business, specifically Fixed Indexed Annuity (FIA), Fixed Annuity (FA) and Payout annuities.

Run GGY-AXIS models and perform financial controls, back-end validation, and management reporting on the model output.

Maintain an appropriate reporting oversight environment that includes recommending, implementing, and documenting enhancements of valuation methodology, assumptions, controls, and procedures.

Collaborate with Experience Study, ALM, Investment Management, Asset Modeling, Liability Modeling to recommend and evaluate enhancements/changes.

Design and build EBS reporting framework and processes to support effective communication and decision making in the following areas.

Attribution analysis to explain key drivers of quarterly changes in EBS assets, best estimate liabilities (BEL), and surplus.

BEL analytics and BI to effectively understand cash flow profile, asset-liability interactions, and key metrics under different scenarios.

EBS BEL projections under different scenarios to support FP&A and Risk Management on a timely and effective manner.

ALM dashboard for annuity ALM risk management. Collaborate with ALM, Investment Management, Asset Modeling and recommend enhancements to ALM procedures.

Fulfill other roles and responsibilities as required to support the growth and evolution of overall enterprise and execution of key priorities, including, but not limited to:

Approved Actuary support in quarterly, annual, and ad hoc regulatory filings.

Design processes and perform sensitivities, stress tests, cash flow projections to support key business partners (e.g., Risk Management, U.S. Cash Flow Testing)

Assist in the onboarding of new transactions, including establishing reinsurance settlements and reporting, and setting policies and controls.

Support vision and cultural value of TFG

Foster collaboration between Actuarial and other key business partners including Corporate Development, Enterprise Risk Management, Finance, and ALM.

Establish and maintain good working relationships with auditors, regulators and other external parties, including being an effective advocate for TFG and representing TFG in industry groups and events.

Qualification

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MathematicsStatisticsActuarial ScienceFellow of the Society of Actuaries (FSA)Actuarial ValuationGGY AXISModelingLiability ManagementRisk ManagementGeneral Account LiabilitiesFixed Indexed AnnuityU.S. Asset Adequacy TestingCash Flow TestingAsset ModelingSelf-reliant

Required

Bachelor's degree in mathematics, statistics, actuarial science, or related field

Fellow of the Society of Actuaries (FSA)

At least 3 years of work experience in insurance or finance, with prior experience in actuarial valuation, modeling, liability management, and/or risk management

Strong technical skills and attention to detail for the purposes of reviewing model results, improving processes, and solving complex problems.

Excellent communication and interpersonal skills, with the ability to collaborate with various stakeholders at all levels within the organization as well as external partners.

Understand interdependencies and workflow between functions and geographies within a group framework.

Self-reliant and capable of quickly learning new concepts, thinking creatively and critically, agile and adaptable to changing needs and challenges of a fast-paced company.

Results-oriented and able to work under tight deadlines in a high-performance environment.

Ability to travel abroad (e.g., Bermuda if located in the U.S.) when required.