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Group Modeling and Valuation Actuary Job

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Group Modeling and Valuation Actuary
Job# 2745
Location:  NE
Education Requirements:  Degree preferred.
Other Requirements:  Include:

  • Minimum Qualifications:
    • ASA designation is required, plus an ongoing commitment to attain FSA.
    • Thorough actuarial background, as well as thorough background in Actuarial Science, Math, Statistics, Economics, and/or Computer Science.
    • Knowledge of insurance products, stochastic modeling techniques, and applicable valuation techniques and requirements.
    • Aptitude for statistical interpretation, a working knowledge of advanced actuarial assumptions and formulae and accounting practices.
    • Thorough financial background.
    • Strong oral and written communication and human relations skills.
    • Experience in the development of financial reports.
    • Knowledge of personal computer applications used for analysis.
    • Creativity, awareness of emerging environmental and industry trends, and strong problem-solving abilities using business oriented solutions.
    • Ability to work across multiple teams.

Salary Range:  $90k to $135k depending on ASA or FSA
Description:  Our Client’s Group Valuation department has an opening for an ASA or FSA with a desire to develop leadership, communication, and analytical skills.  The role will provide exposure to the valuation of our Client’s Group and Special Risk products.  Our Client is seeking a motivated and driven individual to join the Group Modeling and Valuation team within their Corporate Actuarial area.  This individual will provide actuarial leadership for the modeling and valuation of their Group and Special Risk products.  This job posting is reflective of the Actuarial Associate essential functions and qualifications requirements.  The Managing Actuary level has variable functions and qualifications requirements.  Competency and skill set will determine level of placement within the posted job family.  Job duties and responsibilities include:

  • Execute activities related to the quarterly valuation of liabilities and effectively communicate results to management.
  • Lead the development of key metrics and reporting to enhance management’s understanding of the business.
  • Identify and implement process improvements that will reduce risk and increase efficiency in the execution of both recurring and ad hoc tasks.
  • Continually enhance current and develop new valuation tools and models to better represent future expected results.
  • Collaborate with the product team to advance the understanding of our products and the associated liability modeling.
  • Partner with the claims management team to drive a deeper understanding of claim trends and their implications for the business.
  • Ensure compliance with regulatory requirements and actuarial practice guidelines.
  • Support enterprise wide risk management initiatives.
  • Peer review actuarial work as needed.
  • Effectively coach and develop staff in support of the above efforts and contribute to the overall development of the broader corporate valuation team.
  • This position is in a fast-paced, high volume environment with set production goals.
  • Beyond the quarterly valuation responsibilities, anticipated projects include:
    • Long-term disability reserve methodology and assumption review.
    • Creation of annual reserve margin review for all products.
    • Develop key metrics, experience monitoring tools, and reporting tools.
    • Assess IBNR reserve methodology for all products.
    • Annual reserve completion factor study.
    • Partnering with the Product and Claims areas on projects and responsibilities.
    • And other reserve and experience studies to come down the road.

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