Legal & General America · 4 months ago
Assistant Actuary
United States
Full-time
Remote
Mid, Senior Level
$108K/yr - $148K/yr
5+ years expLegal & General America is a recognized market leader in term life insurance, dedicated to transforming its business through innovation and technology. The Assistant Actuary will support the development and maintenance of actuarial models for various products, ensuring compliance with governance policies and providing insights into emerging business needs.
ConsultingFinancial ServicesInsuranceLegalLife Insurance
Responsibilities
Provide asset modeling for Axis production datasets including Trad, PRT, UL, SPIA& DA
Support model review and release and compliance with MRCC requirements
Provide insights into emerging business needs including new asset types, new regulations
Perform analysis on existing asset types to confirm appropriateness of model and data
Develop, review, and test asset models using Axis, Excel, SQL or other software, ensuring models are appropriately built and are fit for the intended purposes
Maintain detailed documentation of all changes and evidence of appropriate model governance
Maintain multiple reinvestment strategies and accounting bases for various purposes (PRT Plan, Protection Plan, CFT, etc.)
Monthly creation for Discount Rate in AXIS for applicable accounting bases
Quarterly creation for IFRS Top-down discount rates, IFRS Expected Return (Op Profit) and support in AXIS for IFRS Investment Variance Analysis
Creation of periodic Asset specific reports used for reporting and/or analysis by Valuation and Investments
MV Stress Testing for applicable accounting bases (IFRS and/or US GAAP, SII, ALM, ICS, Bermuda Reporting, etc)
Multi-Assumption Asset Cash flows
Support Market Spread/Duration calculations
Support financial assumption setting for applicable accounting bases, and asset sensitivities for Banner and associated Legal entities (Penn, Vermont Captives, Bermuda, etc.)
Support IFRS 9 requirements
Provides asset modeling expertise and collaborate with accounting, valuation, finance, model development, financial planning, IT, and others
Provide subject matter expertise, mentoring and training for more junior staff members on technical asset modeling tasks
Other duties as required
Qualification
Required
BS/BA Math/Statistics/Other Analytical Field
ASA (Career or working toward FSA)
5+ years of Investment/Life insurance/actuarial experience
Actuarial software skills – GGY-AXIS experience required
Spreadsheet and database capabilities (Excel, MS Access, VBA, SQL)
Proficient written and oral communication skills
Ability to multi-task in a deadline-oriented environment
Strong collaboration and self-motivation skills
Strong analytical skills and problem solving ability
Preferred
Model development or modeling experience
Asset Modeling/Scenario Testing experience
Term/Universal Life/Pension Risk Transfer experience
IFRS experience and/or US GAAP experience
Benefits
Sign-on bonus
Long term incentives
Annual bonuses
Legal & General America Annual Incentive Plan
20 vacation days
10 sick days
9 paid holidays
Health, life, and dental insurance
401K with company match up to 6%
Pension package
Generous time off
Wellbeing initiatives throughout the year
Company
Legal & General America
Legal & General is a financial consulting agency that specializes in life insurance and retirement services.
501-1000 employees
H1B Sponsorship
Legal & General America has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (2)
2022 (1)
2021 (2)
Funding
Current Stage
Late StageLeadership Team
Mark Holweger
President and CEO Legal & General America
Michelle Buswell
Senior Vice President & Chief Operating Officer
Recent News
Digital Insurance
2025-10-29
Company data provided by crunchbase