Associate – Actuarial – Cash Flow Testing

Associate – Actuarial – Cash Flow Testing

Requirements

• Education and experience equivalent to a four-year college degree in actuarial science, mathematics, statistics, finance, or other related field is required.
• FSA with more than four years of experience in the life/annuity insurance industry.
• Direct experience with Statutory valuation and actuarial modeling.
• Proficient in Python and hands-on experience with large data set is a plus.
• Strong problem-solving and analytical skills.
• Ownership, adaptive and self-motivated.

Responsibilities

• Participate in quarterly Cash Flow Testing for the company’s onshore life and annuity business and ensure the timely and accurate preparation, validation, and delivery of Cash Flow Testing results.
• Develop, update, and maintain controls for Cash Flow Testing process.
• Work closely with modeling team to implement model changes that reflect new regulatory requirement or business need into Cash Flow Testing models.
• Collaborate with modeling team on model and assumption changes; Validate and perform reasonableness review of CFT impacts.
• Work with valuation actuaries to understand statutory reserves and liability assumptions. Perform independent review of liability inputs and outputs.
• Execute on timely production of asset in-force file and related controls around asset listing and projections.
• Participate in year-end statutory filings, help construct actuarial memorandums and other regulatory submissions.
• Support the Appointed Actuary and other actuarial leadership in evaluating and determining actuarial accounting policy and methodology for new and existing products as directed and appropriate.
• Support internal and external audit functions

Preferred Qualifications

• Proficient in Python and hands-on experience with large data set is a plus.