Actuary

  • 41021
  • Life - Actuarial
  • |
  • Massachusetts, United States
  • |
  • Jan 19, 2025
RESPONSIBILITIES
  • involves planning and organizing both short- and long-term initiatives to meet organizational goals and staying informed on trends impacting the life insurance and annuity sectors.
  • · Develop, enhance, govern, and maintain asset and liability models for life insurance and annuities.
  • · Utilize modeling tools such as MG-ALFA for:
  • o Valuation
  • o Corporate planning
  • o Investment analysis
  • o Cash flow testing
  • o Principle-based reserving
  • o Reinsurance and other use cases
  • · Lead pricing, modeling, filing, implementation, profitability analysis, and assumption-setting for life and annuity products.
  • · Use pricing software effectively.
  • · Ensure compliance with state and federal regulations and meet profitability objectives for new products.
  • · Oversee Statutory, GAAP, and Tax valuation processes.
  • · Create or support actuarial financial reporting for the finance department.
  • · Stay informed on emerging valuation changes, including Principle-Based Reserves and Long Duration Targeted Improvements.
  • · Analyze inforce products and experience study results to recommend strategies for improving product profitability and supporting sales objectives.
  • · Apply traditional A/E studies, statistical analysis, and machine learning techniques.
  • · Drive innovation in risk selection and risk pricing methodologies.
QUALIFICATIONS
  • FSA
  • 8+ years of experience
  • ->SALARY: 140-160k
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