The Associate Actuary takes the mathematical assumption data prepared by the Pricing Actuary and creates an actuarial numeric model that is used to price deals for clients.
He or she will help prepare the documentation for the Business Review meeting .
Key duties and responsibilities
Work with Actuarial Pricing Team to deliver a quality and timely priced product to meet SGL and customer needs.
Create and / or populate actuarial numeric data models, including liability population cells / data tables / other structures needed to properly price business.
Generate data model runs and provide initial mathematical analysis of results to Pricing Actuarial staff.
Prepare data documentation package.
Work with Marketing Actuaries, Operations, and Pricing Actuary to ensure that they have all information required for Data Assumption Review Committee and Business Review.
Work with Corporate Actuarial staff and counterparts to continually improve data modeling, establishing valuation numbers, and hand off controls.
Continue ongoing enhancements to performance management capabilities.
Assist on various projects involving Life Solutions initiatives as they arise.
May perform other duties as required.
Required experience & competencies
2+ year’s experience relevant to Pricing function
Must have complete the ASA requirements and have knowledge of computer programming or analytical software.
Will participate in Actuarial Student Program until FSA is obtained.
Solid mathematical analysis skills with strong problem solving ability.
Excellent verbal & written communication skills.
Highly motivated / self-starter.
Must be able to work effectively independently & as part of a team.
Proficiency in windows-based software (Excel, Access, etc.)
Regular attendance and ability to work extended hours as necessary to meet deadlines.
Strong computer skills including learning new software and Microsoft Office Products.
Please contact your HR team should you have any question.