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Senior Actuary
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Executive Job Title | Senior Actuary |
Type of Registrant | Recruiter |
Location | Southeast USA |
Industry & Function 1: | Financial-Insurance - ACTUARY--All-Levels-Up-to-CAO |
Compensation | $100,000 to $200,000 |
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Executive Job Description | The Senior Actuary will be responsible for marketing, presenting and determining reinsurance needs for insurance and reinsurance companies. The chosen candidate will maintain and enhance carrier and other industry relationships through meetings, speaking at industry seminars and being involved in relevant actuarial working groups. Areas of responsibility will also include the following:
Product Development Identify industry needs and associated fits within our client’s business model and develop new reinsurance products to support next generation revenue. Maintain awareness of changes in U.S. statutory, Solvency II, Captive regulations, tax, GAAP and IFRS accounting/reserving changes, industry implications and needs, new reinsurance / financings products and the application of those products.
Financial Modeling Build and maintain detailed reinsurance pricing models on reinsurance transactions for new annuity, life and structured financial products. Transition actuarial model office files to the Business Development area as the new offering becomes more main stream. Assist in due diligence and treaty review/negotiations for all transactions to include detailed audits of counterparty financial models.
BEST INDUSTRY – Banking/Financial Services BEST DEPARTMENT – Actuarial, Retirement Services
Qualifications Bachelors Degree is required. 8+ year’s actuarial experience in pricing, valuation, or business development of life or annuity products is required. 10 years experience within the insurance industry. Fellow of the Society of Actuaries (FSA) designation is strongly preferred. Candidate must demonstrate recent and relevant experience with pricing/product development of reinsurance structures. Candidate must previous possess previous experience as a key stakeholder in an actuarial department and/or business line. Previous and relevant product development experience with life and/or annuity products is essential in this role. Experience in financial modeling/forecasting for life and annuity products is mandatory. Experience modeling variable annuity products and pricing of guaranteed living death benefits is required. Experience with actuarial software to include TAS, MoSes and MG-ALFA is strongly preferred. |
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