Skip to main content

This job has expired

Sr. Assistant Actuary

Employer
Legal & General America
Location
Frederick, MD
Closing date
Jun 27, 2021

View more

Overview: At Legal & General America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, were working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals, and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible.Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture. Responsibilities: In this forward-facing actuarial valuation role, you will be responsible for the development, compilation, and analysis of reserves and related financial information for the retirement business at Legal & General America. You will work collaboratively with business partners across the organization as the subject matter expert for the actuarial valuation of the Pension Risk Transfer (PRT) and other products within the retirement business.Essential ResponsibilitiesCoordinate with internal and external teams to ensure smooth continued valuation operations, including discussions with retirement business segments modeling, finance, investment, and pricing departments. Ensure AXIS models and reporting process for the retirement business are appropriate, documented, and well controlled. Identify opportunities for continual process improvement and manage efforts to implement these improvements. Work closely with Corporate Actuarial as the business model owner to ensure models are appropriate.Work with the retirement pricing team to on-board new deals. This will include having a detailed understanding of specifications, addressing reserving requirements, and working with Corporate Actuarial to implement new deals within AXIS. Prepare and deliver management reports for monthly / quarterly / annual reporting to internal and external stakeholders. Ensure clear communication, robust analysis, and identification of emerging issues to senior leaders. Support the valuation teams in preparing monthly / quarterly / annual reporting deliverables. Process year-end valuation materials for Maryland and New York DOI. Provide support for any audit of financial statements. Perform annual asset adequacy testing for the retirement business segment. Explain and document movement in results and analysis performed supporting the asset and liability cash flows used in the cash flow testing results. Provide valuation expertise on all valuation-related PRT projects, including new reinsurance solutions, changes in accounting practices (VM-22, IFRS 17), new product offerings, etc. Promote company culture by demonstrating our core behavioral competencies: Collaborative, Purposeful, and Straightforward. Maintain compliance with industry professional development guidelines. Participate in industry committees where necessary. Other duties as required. Qualifications: EducationBS/BA Math/Statistics FSA, Advancing ASA or Career ASA with 12+ years experienceExperience/Knowledge7 years life insurance / actuarial experience including ValuationPrior experience with Pension Risk Transfer (PRT) agreementsKnowledge of IFRS and US Statutory reporting requirements Skills Actuarial software skills AXIS experience is a key requirementSpreadsheet/database capabilities (Excel, MS Access, VBA).Strong analytical and problem solving skillsExcellent oral and written communication skillsAbility to interact with senior managementComfortable with changing demands / priorities Ability to multi-task in a deadline-oriented environmentStrong actuarial analytical skills and problem solving abilityExcellent relationship building and collaboration skills

Get job alerts

Create a job alert and receive personalized job recommendations straight to your inbox.

Create alert