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AVP, Actuary Valuation Methodology and Implementation

Employer
Fidelity & Guaranty Life
Location
Parkville, MD
Closing date
Feb 21, 2019
Summary This is an advanced level position responsible for developing, documenting and implementing new actuarial financial reporting requirements. Organization This position reports to the VP, Valuation Actuary and will interact with all levels of senior management, including significant ongoing exposure with the Chief Accounting Officer, as well as, interaction with other officers. In addition to direct responsibilities for developing new actuarial financial reporting requirements, this position will have active involvement with Financial Planning & Analysis and Product Pricing functions and personnel in order to assess the impact of new reporting requirements. This position will ultimately manage 1 to 2 individuals and will be responsible for their selection, training and development in conjunction with the Actuarial Department management, human resources and the Chief Actuary s overall training and staff development plan for all actuaries. Duties and Responsibilities Will have primary responsible for developing, documenting and implementing new actuarial financial reporting requirements and related analysis used in reporting financial results including: Statutory Reserves US GAAP Reserves, including DAC and VOBA Tax Reserves The development and documentation of the financial reporting requirements will be through the Chief Accounting Officer. Implementation of the financial reporting requirements will be through the Corporate Actuary. Additionally, other activities will include: Ad hoc activities as requested by executive management. Accurate and timely preparation of all work is a high priority for this position as implementation of new financial reporting requirements must be completed at specified times. Assisting with the development of new financial analytics to accurately reflect the impact of new reporting requirements. Review of operational procedures and identification of areas of improvement and efficiencies. Oversight in coordination with the financial systems team within the Finance Department to maximize Oracle functionality along with other financial system reporting and accounting functionality and capabilities; ensuring that all data has been captured and complete with all data anomalies addressed. Support other financial and actuarial resource needs of the Company, assessing priorities and drawing upon resources to meet deadlines with accurate analysis and conclusions. Actively seek methods for continuous improvement with actuarial, accounting and recordkeeping functions through process or systems initiatives. Experience and Education Requirements Bachelors Degree in Actuarial Science, Math, Statistics or other related area. Minimum ASA with progress towards FSA and MAAA preferred. Seven to ten years of experience in financial reporting within a life insurance entity required. Supervisory experience. Experience working with Auditors or performing Audit work preferred. Prior use of MoSes or other actuarial reporting systems. Skills and Abilities Highly motivated, self-starter & team player with a high energy level and willingness to aggressively take on responsibility. Strong computer knowledge including working knowledge of financial based accounting packages (Oracle experience preferred) and actuarial systems (MoSes), Excel and Access. Able to work and effectively communicate with all levels of management, including Chief Financial Officer, Chief Actuary and all senior management. Ability to make presentations to senior leaders, boards of directors and other audiences. Sound technical experience in reserve analysis as well as with analyzing and documenting company performance and comparisons against plan. Strong verbal and writing skills. Open and direct communicator who provides clear direction with a results-oriented style. Unconditional integrity and commitment to delivering accurate information on schedule with committed dates of delivery. Prior experience with rating agencies and subsidiary-parent company relationships. Able to fully access deliverable requirements against allocated resources setting priorities and calling on additional resources as required. Excellent team-building skills, with the ability to recruit, retain, coach, delegate and mentor top-quality staff. Ability to participate in establishing goals, structures, and processes necessary to implement a mission and strategic vision. Support effective partnerships with key groups and individuals while possessing superior consultation and change management skills. #LI-RB1

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