Associate Actuary, Life Valuation Position Available In Washington, Vermont

Associate Actuary – Life Valuation Sponsorship is not available for this role

JOB SUMMARY

The Associate Actuary will be responsible for calculating, analyzing, reporting, and explaining reserves and other actuarial financial statement items for the Indexed Universal Life. The individual will monitor policyholder behavior and profitability of the business and will also provide actuarial support to recurring and special projects. The Associate Actuary is expected to have a detailed knowledge of statutory valuation requirements and advanced GAAP accounting issues for life insurance products.

RESPONSIBILITIES

Perform valuation on Life blocks with the focus on Principle-Based Reserves (PBR) Perform experience studies, recommend assumption updates, and quantify impacts for PBR business Conduct analysis of business trends and reserve movements Update annual PBR report and communicate with external auditors and regulators regarding the PBR model Support the production and oversight of reporting for reserves and other actuarial items – Statutory, GAAP, and Tax Familiar with GAAP accounting such as FAS97 and FAS133 and clearly communicate analysis to financial reporting stakeholders Proactively share analysis and provide insight into our business with Pricing, FP&A, Inforce Management, Modeling Center of Excellence, and Tax areas Core Work Days This position is presently onsite/hybrid with the expectation that you are in the office three days per week with current campus days being Tuesday, Wednesday and Thursday (subject to change with advance notification and manager discretion). Minimum Qualifications FSA designation from the Society of Actuaries with a minimum 7 years of actuarial experience within the Life Insurance sector, or Career ASA with a minimum 10 years of experience within the Life Insurance sector Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field At least 5 years of actuarial experience within actuarial modeling or actuarial valuation & financial reporting Proficiency in actuarial modeling software (such as PolySystems, MG-ALFA, GGY-AXIS) Skilled in database tools like SQL, DataBricks, Microsoft Access, etc. Comprehensive understanding of actuarial valuation requirements and techniques Proven analytical prowess and problem-solving capabilities A proactive attitude towards continuous improvement and challenging established norms Preferred Qualifications Comprehensive understanding of actuarial governance and control frameworks Demonstrated collaborative spirit and organizational synergy Excellent written and verbal communication skills #LI-DO #

LI-HYBRID

Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.