Executive Job Description | The Actuary will lead product development, pricing, and rate setting for immediate annuities, fixed annuities, and equity-indexed annuities. The chosen candidate may be involved in the following; the determination of pricing structure and premiums, the evaluation of new product ideas, the preparation, analysis and interpretation of product line financials, testing reserve adequacy, cash flow analysis, investment strategy, risk and capital management analysis, and/or other NF actuarial science and research for a segment or unit of a product group, business, or market segment. Regularly consults actuarial management on actuarial, mathematical, or risk management techniques in determining the appropriate courses of action. Will be proficiently performing and assisting in, and potentially leading a variety of Actuarial tasks which may include: data compilation and analysis, illustrations, model development, financial reporting and analysis, pricing, risk and reinsurance analysis, reserving/valuation and other duties as assigned.
Responsibilities
Compile, categorize and analyzes data.
Build, maintain, run, and analyze actuarial Models, using good knowledge of actuarial projection and/or valuation models such that the models can be optimized to support multiple applications.
Perform pricing of products.
Perform the analysis of risks for lines of business.
Establish and understand reserves using in-depth knowledge and application of statutory, GAAP, and tax valuation standards for products.
Work closely with the Office of Investments to develop Investment Policies and set interest/purchase rates.
Work closely with Business Development, Compliance, and General Counsel to get state approvals of new products and/or product enhancements.
Analyze reinsurance opportunities and recommends solutions.
Perform other duties as assigned.
BEST INDUSTRY – Insurance, Financial Services
BEST DEPARTMENT – Actuarial, Retirement
Qualifications
Bachelors Degree in Actuarial Science, Mathematics, Statistics, or similar background requiring modeling, programming, or quantitative analysis is required.
6 years of Actuarial experience and Actuarial Council approval.
Knowledge: In-depth knowledge of actuarial business functions, statistical methods of analysis, company actuarial systems and databases, and their integration; technical facility with leading computer tools and technology. Knowledgeable of actuarial viewpoint in a wide variety of actuarial subjects and Regulatory practices is essential in this position.
Knowledgeable and comfortable with company operations, products, systems and actuarial methodologies.
Master/Expert in Microsoft Office products (including VBA within Access and Excel), programming languages and Actuarial models is required.
Basic level of organizational agility, command skills, strategic agility, and motivating others is required.
Proficient level of delegation, perspective, dealing with ambiguity, customer focus, drive for results, business perspective, and accounting is required.
Mastery level of problem solving, learning on the fly, analysis, and leveraging system capabilities is mandatory in this position. |
