Associate Actuary- Valuation and Modeling

Austin, Texas

 

Associate Actuary

  • Develop and maintain actuarial models in Prophet for cash flow testing, asset liability management, financial planning, ORSA and other modeling projects
    • Implement model conversion from prior systems to Prophet and create new Prophet models
    • Perform data validation and model validation
    • Maintain familiarity with the latest techniques and tools for valuation and modeling
    • Establish processes for updating and running models and integrate into the financial reporting process
  • Perform financial reporting work including statutory, tax and GAAP valuations for traditional life, universal life and annuity products using CASE valuation software
    • Prepare valuation extracts and model data
    • Develop appropriate assumptions
    • Complete monthly, quarterly, annual and ad-hoc financial reports
    • Assist in the preparation of the Actuarial Memorandum and the actuarial portions of the Statutory Annual Statement and GAAP 10-K
  • Assume key role in addressing emerging regulatory issues including VM-20 and GAAP Targeted Improvements
  • Collaborate on product development work and assist with pricing, filing and implementation of new and updated products

The position will serve in an essential role within the (Valuation) area.  The candidate will be a critical player in the analysis and execution of many projects and initiatives that the organization is currently undertaking and will have a direct impact on the financial success of the company.

Experience Requirements

  • Bachelor’s degree in actuarial science, mathematics, statistics or equivalent required
  • A.S.A.
  • Minimum of two years of valuation or other actuarial modeling experience for individual life or annuities
  • Preferred experience in a hands-on work environment for a mid to large size life insurance company with understanding of life insurance and annuity products
  • Effective oral and written communication skills
  • Solid analytical, problem solving and strategic thinking skills
  • Ability to independently manage multiple critical projects simultaneously and meet all deadlines
  • Prophet and CASE experience is a plus