Senior Actuarial Associate

  • 41004
  • Life - Actuarial
  • |
  • Bermuda
  • |
  • Nov 13, 2024
RESPONSIBILITIES
  • · Monitor reserve trends monthly across GAAP, statutory, and tax bases
  • · Develop management reporting for existing business
  • · Prepare Statutory Annual and Quarterly Statements
  • · Update valuation models; organize results for management
  • · Support external audits by gathering data and conducting analyses
  • · Assist in rate-setting and non-guaranteed elements (NGE) analysis, signoff, and implementation
  • · Track product experience and adjust assumptions for emerging risks
  • · Support cross-functional product development initiatives
  • · Oversee product illustrations and support Customer Service on escalations
  • · Build relationships with internal and external distribution stakeholders
  • · Manage projects to drive progress on key initiatives
  • · Design new products with Pricing Actuaries and lead education on product goals
  • · Manage pricing risks, profitability, and scenario analyses
  • · Coordinate product implementation across teams
  • · Develop reinsurance RFPs, analyze treaties, and liaise with reinsurers
  • · Handle certifications for regulatory submissions and contract language reviews
  • · Ensure accurate product setup in the administration system and validate test cases
  • · Generate monthly business monitoring reports and analyze trends
  • · Prepare and process monthly crediting rate packages
  • · Coordinate with ALM and Systems on data analysis
  • · Support annual Illustration Actuary testing and special requests
  • · Contribute to product-related projects and requests
  • · Build and validate model inputs for financial projections
  • · Execute and monitor projections, troubleshoot as needed
  • · Analyze model outputs for accuracy
  • · Update quarterly stress test results vs. risk appetite
  • · Monitor investment portfolio for compliance with guidelines
  • · Track asset-liability duration mismatches
  • · Prepare weekly hedging files and monitor results
  • · Assist in competitive and performance benchmarking
  • · Assess reserve reasonableness for new business acquisitions
  • · Determine strategies for acquired product features
  • · Drive efficiencies with programming solutions for data management
  • · Support Own Risk and Solvency Assessment development
  • · Evaluate alternate investment strategies
  • · Serve as SME for actuarial data warehouse and cross-functional support
  • · Develop optimization macros for hedging improvements
QUALIFICATIONS
  • ASA or near ASA
  • 3+ years of insurance actuarial experience. Modeling, analyzing, reporting experiences preferred.
  • ->SALARY:120-130k
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