Senior Actuarial Assistant

Legal & General America
Frederick, MD
Aug 05, 2022
Aug 15, 2022
Accountant, IT
Full Time
Overview: Legal & General America (LGA) is a nationally recognized market leader in the life insurance industry. By joining LGA, you become part of a team that works diligently each day to protect families. We are a collaborative organization that's built on trust, creativity, and taking initiative. Our work is part of a larger cause. We help close the life insurance gap so more families can be protected financially. We value each member of our community and provide excellent benefits, opportunities for personal growth, and a chance to make a difference. Our associates' passion and dedication, as well as our career development opportunities, outstanding benefits, focus on wellbeing, and community support contribute to our exceptional workplace culture! Legal & General America believes diversity makes us better. For us, it is not just about being an Equal Opportunity Employer, which we are proud to be. It is about inviting different experiences, backgrounds, and perspectives to our work; and making conscious efforts to reach out to candidates who can bring different ideas and perspectives to what we do and create together. We invite passionate people, committed to excellence, to join our team. We invite you to make our team richer and better. Visit our careers page here to learn more about us and why we've been a certified Great Place to Work for the past six years in a row! Fully remote opportunity mainly responsible for supporting the development, enhancement, and maintenance of asset related actuarial models supporting our Term, Universal Life (UL), & Pension Risk Transfer (PRT) businesses, built using GGY AXIS. Models are used for Valuation, Corporate Planning, Investment Analysis, Solvency II, Cash Flow Testing, IFRS and Financial Reinsurance. All development must meet model validation, control, and documentation requirements defined by the company's model governance policy and comply with the firm's Model Risk & Control Framework. Responsibilities: Develop and maintain GGY AXIS asset model for a variety of purposes, including Assumption Updates, New Asset Types, Cash Flow Testing, Corporate Planning, Solvency II Reporting, Investment Analysis and IFRS reporting requirements.Support periodic updates to asset data in models and generation of subsequent asset-specific reports as requested by model customers. These include in-force best estimate and various forms of Scenario/Stress testingServe as model code peer reviewer and test the models to ensure that they are appropriately built and fit for the purposes of all the modeling requirements as work demands may require across corporate actuarial.Liaise with model governance, valuation, finance, liability modeling, and financial planning team members to ensure models built using GGY Axis, Excel, SQL, or other software are fit for the intended purpose and built according to the model specifications.Provide modeling support to internal customers as needed. Possible examples include economic stress testing, impact analysis for new assumptions/asset types, etc.Ensure model control is maintained around production models, to prevent unauthorized changes and ensure integrity of model results. Maintain detailed documentation of all changes made to models, including impacts under key reporting bases and evidence of required approvals.Identify and implement process improvements, including automation of manual tasks where possible, to increase efficiency and transparency while minimizing the risk of errors.Work directly with stakeholders to Provide analysis/build out new processes for new requirements/assumptionsPrepare ALFA model asset data/assumptions for remaining ALFA models and assist in full transition of process to GGY AXIS.Provide Guidance/Assistance for other team membersOther duties as required. Qualifications: Education BS/BA Math/Statistics/Other Analytical Field 4+ Exams working towards ASA Experience/KnowledgeInvestment/Life insurance/actuarial experience (3+ years preferred)Model development or modeling experience preferredAsset Modeling/Scenario Testing experience is a plusTerm/Universal Life/Pension Risk Transfer experience is a plusSkillsActuarial software skills - GGY-AXIS experience required, Additional software experience a plusSpreadsheet and database capabilities (Excel, MS Access, VBA, SQL)Proficient written and oral communication skillsAbility to multi-task in a deadline-oriented environmentStrong collaboration and self-motivation skillsStrong analytical skills and problem solving ability We're looking for exceptional, driven, strategically focused people who have a want and desire to impact the Company and protect families. You will be deeply invested in our mission as well as Legal & General America's growth. What's in it for you? We'll offer you a competitive salary. Your benefits will include health, life, and dental insurance, 401K with a company match up to 6% as well as a pension package, generous time off, and wellness initiatives throughout the year (we like doing fun stuff). We're big on professional development and we'll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We believe in teamwork, collaboration, wellbeing, and knowledge sharing as our fundamental ways of working. The Working Environment: This role can be hybrid or remote. We have a great routine that enables us to collaborate while also getting lots of work done without distractions. Want to know more? Apply or share this role with a friend and let's get started! We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request an accommodation. This role is to be filled outside of the state of Colorado.

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