Actuarial Assistant

Legal & General America
Frederick, MD
Sep 13, 2021
Sep 15, 2021
Accountant, IT
Full Time
At Legal & General America, we give our best every day to protect the financial security of families and businesses, in an environment where work-life balance is possible, and inclusion is the norm. Our associates' passion and dedication, as well as our career development opportunities, outstanding benefits, and community support contribute to our exceptional workplace culture. 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!Purpose and ObjectiveMember of the Economic Capital (EC) and Solvency II (SII) reporting team, responsible for IFRS, EC and SII related reporting and analyses for Legal & General America's (LGA) reinsurance transactions within Legal & General Group and applicable LGA entitiesEssential Responsibilities1. Periodic IFRS reporting for LGA's Group-internal reinsurance arrangements:+ Understanding of the underlying IFRS framework and key concepts+ Understanding of the team's responsibilities regarding the periodic reporting requirements and performing assigned tasks (ie, calculations of key metrics, analyses of change, reconciliations to other reporting bases / frameworks (eg, SII), completions of relevant reporting templates, etc.)+ Understanding of the relevant IFRS cashflow projection models (ie, model input data, model configuration / setup, model output data, etc.) and performing the team's processes regarding the model operation+ Documenting and presenting reporting and analysis results to internal stakeholders (eg, team's subject matter expert, Head of EC and SII Reporting, etc.)2. AXIS migration:+ Collaborating with LGA's Model Development team on the model software transition project to GGY-AXIS+ Understanding of the team's responsibilities regarding the AXIS migration and performing assigned tasks (eg, model user acceptance testing (UAT), knowledge sharing with the EC & SII Reporting team, etc.)+ Establish and maintain BAU processes following the initial transition (ie, specification of AXIS model output data, alignment of AXIS model output data with existing reporting processes, subsequent process improvements, etc.)+ Documenting and presenting software transition results to internal stakeholders (eg, team members, LGA's Internal Model Controller (IMC), etc.)3. L Group business plan projections:+ Understanding of the project requirements and supporting the team's processes (eg, approach documentation, model evaluations, results collation / validation / analysis, etc.)+ Documenting and presenting project results to internal stakeholders (eg, team's subject matter expert, Head of EC and SII Reporting, etc.)4. LGA and L Group collaboration:+ Pro-actively collaborating with colleagues in LGA's Actuarial and Finance teams and L Group contacts on relevant projects (eg, LGA's asset modeling, SII D methodology, IFRS17, other Group requirements, etc.)5. Other duties:+ Continuously identify process enhancement opportunities and implement solutions to realize improvement potentials+ Supporting the team on other projects as required (eg, periodic SII and EC reporting, Own Risk and Solvency Assessment (ORSA) reports, Insurance Capital Standard (ICS), etc.)Education+ BS/BA Math/Statistics or related field+ Completion of 4+ SOA examsExperience/Knowledge+ 2+ years of life insurance / actuarial experience+ Significant actuarial modeling / programming experience+ Experience with Term Life and Universal Life business preferred+ Experience with Solvency II and/or Economic Capital frameworks idealSkills+ Strong actuarial analytical skills and problem-solving capabilities+ Strong actuarial software skills (GGY-AXIS preferred, alternatively MG-ALFA)+ Programming software skills (eg, VBA, R or similar)+ Strong written and verbal communications skills+ Strong self-motivation and attention to detail+ Strong collaboration and teamwork skillsThis role is to be filled outside the state of Colorado.Job Title (External Posting): Actuarial Assistant Job ID: 2021-2475 External Company Name: Legal & General America Street: 3275 Bennett Creek Ave

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