FIS · 3 days ago

Senior Actuarial Product Development Manager

United States

Full-time

Remote

Mid, Senior Level

$163K/yr - $274K/yr

5+ years exp

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BankingFinancial Services

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Responsibilities

Develop actuarial code provided with the US liability libraries, including life, annuity, and health products

Review peers’ actuarial code for accuracy and appropriateness

Ensure that product deliverables are suitable and well documented

Work closely with other actuarial teams to deliver holistic solutions

Perform work management for other actuarial staff

Qualification

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Life InsuranceSociety of ActuariesAmerican Academy of ActuariesProphet SystemActuarial Modelling PlatformsInsurance Industry KnowledgeUS Insurance Regulatory FrameworksUS StatutoryPBR RequirementsUS GAAPLDTI RequirementsUS Tax ReservesAsset Liability ManagementCash Flow TestingExcelWordPowerPointProblem SolvingProphetUS 360 librariesModeling techniquesNew business processingCalculation loopingRebasingGoal seekingExtended formulasNested structuresDynamic modelingStochastic modelingPerformance bottlenecks

Required

Bachelor’s degree in Mathematics or science-based subject

At least 5 years’ experience working in a life insurance department or consultancy

Associate or Fellow of the Society of Actuaries, or Member of the American Academy of Actuaries

Have used the Prophet system for a minimum of 5 years or will have demonstrably equivalent experience and will have been involved in key business projects using Prophet or other actuarial modelling platforms

A background in insurance or financial services, and a general knowledge of the US insurance industry’s regulatory and reporting frameworks – US Statutory pre-PBR and PBR requirements, US GAAP pre-LDTI and LDTI requirements, US Tax reserves and Asset / liability management or cash flow testing

A good working knowledge of Excel, Word, and PowerPoint

Strong problem solving and analytic skills

Preferred

Familiarity with the US libraries supplied with Prophet, preferably the US 360 libraries

Worked directly with numerous advanced Prophet modeling techniques~ new business processing, calculation looping, rebasing, goal seeking, extended formulas, nested structures, modules, or dynamic and stochastic modelling

Awareness of potential performance bottlenecks and solutions when designing models

Technical knowledge of programming and systems development

Technical knowledge of cloud infrastructure and technology