Actuary, Risk & Inforce Management

Actuary, Risk & Inforce Management job! Our Client is one of the largest global providers of life reinsurance, with offices around the world. Our Client delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development. Their mission is to enhance their clients’ prosperity by supporting their financial and risk management capabilities.

The Actuary, Risk & Inforce Management job will provide support for the actuarial work and analysis of client relationships. This will underpin discussions with a limited number of high valued clients, with a goal to rebalance relationships and improve performance. Such support might include historical analysis of financials/cash flows, understanding experience study results, validating and modifying projection models, assessing potential risks and financial impacts and outcomes for our Client. Also, communicating findings and recommendations in a professional manner and preparing materials that will be shared with internal management and/or clients to inform and enable decision making. This is a highly visible and impactful role for a motivated individual. Familiarity with applicable American Academy of Actuaries Actuarial Standards of Practice is preferred, or equivalent experience to learn and apply them. In depth knowledge of life and annuity business is also preferred.

Base pay varies depending on job-related knowledge, skills, experience, and market location. Colorado residents’ salary range: $125,435 to $191,760 per year plus an annual bonus. A full range of competitive health and life insurance, retirement and other employee benefits are available. Our Client offers the ability for in-office, hybrid and remote work arrangements. Apply now for this excellent Actuary, Risk & Inforce Management job by clicking on the Apply Now button above! This is Job 2922.

Actuary, Risk & Inforce Management job Responsibilities

  • Perform ad hoc analyses to increase understanding of block performance characteristics, reviewing and/or developing actuarial assumptions, sensitivity tests, financial models and projections.
  • Also, propose and/or evaluate potential management actions by performing risk analyses to assess the impact on current and future overall financials and other business considerations.
  • Furthermore, summarize and communicate findings, results, and contextual information with clear and impactful messaging appropriate to audience and purpose.
  • Maintain appropriate documentation and perform peer reviews as needed.
  • In addition, coordinate the activities of others in the team and/or other departments to ensure appropriate analyses, key deliverables, and related, necessary actions are completed in a timely manner, as determined by project and business needs.
  • Support other risk management activities across the US & Latin America Traditional business unit.
  • Develop and implement solutions for managing the Legacy business.
  • Also, foster positive relationships, collaborate, and communicate professionally with key stakeholders and business partners, including senior executives.
  • Participate in special projects, committees, meetings, and presentations with internal or external audiences as needed.
  • In addition, may provide oversight and direction to junior associates in the department. If assigned, supervisory duties would include, but not be limited to, hiring, training, evaluating, coaching, and disciplining direct reports. Fosters a positive and engaged work environment.
  • Mentors associates, if assigned, and gives guidance on associate development.

Education and Experience

Required:

  • Bachelor’s degree in Math, Finance, Actuarial Sciences, Economics, Statistics or related field.
  • Also, FSA accreditation or equivalent.
  • 7+ years of actuarial experience in life insurance/reinsurance.

Preferred:

  • MAAA accreditation.
  • 10+ years of actuarial experience in life insurance/reinsurance.
  • Also, experience working in cross-functional teams.
  • Finance track or emphasis in background.
  • Furthermore, inforce life insurance or reinsurance block transaction experience.

Actuary, Risk & Inforce Management job Skills and Abilities

Required:

  • Highly advanced knowledge of life reinsurance products pricing and/or valuation.
  • And, highly advanced understanding of reinsurance concepts and methods.
  • Furthermore, advanced knowledge of GAAP, Statutory, and Tax accounting and reporting and other forms of financial and risk measurement such as embedded value and capital frameworks.
  • Advanced ability to model various insurance products and reinsurance structures.
  • Also, highly advanced ability to translate business needs and problems into viable/accepted solutions.
  • Advanced investigative, analytical and problem-solving skills.
  • Moreover, consistently produce high-quality work and associated documentation with strong attention to detail.
  • Advanced PC and technical skills, including database applications (Alteryx, Tableau, Access, Oracle, SQL or equivalent technology), spreadsheets, statistical programs and actuarial software (Prophet, MoSes, TAS, AXIS, or equivalent).
  • In addition, ability to adapt new methods, multi-task, meet tight deadlines, and balance priorities.
  • Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates.
  • Highly advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, finance, accounting, systems, and administration.
  • Also, ability to work independently and to work well within a team environment and participate in department projects.
  • Furthermore, competent project management skills. Demonstrates an ability to evaluate project objectives and scope for feasibility and understanding.
  • Ability to proactively anticipate project needs and independently work to fulfill them.

Preferred:

  • In depth knowledge of our Client’s business and systems.
  • Also, advanced US reinsurance industry and direct life product knowledge.

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