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| |  Posted 10/7/2008 11:11:31 AM | |
| Supreme Being
Group: Administrators
Last Login: 1/29/2007 9:04:03 AM
Posts: 4,199, Visits: 95 |
| Position: Associate Actuary
Company:Insurance Organization
Location: New Jersey
Job ID: 15362
RESPONSIBITIES
-The individual will be part of the Individual Annuity Hedging team in the Actuarial unit of Annuities.
-Responsible for the analysis and updating of key liability measures for variable annuity capital market guarantees to facilitate the hedging of these risks.
-Responsible for providing the analysis to support the modeling of the hedging strategy for the valuation group for cash flow testing, RBC C3 Phase2, Economic Capital (EC) and planning.
-Responsible for providing the monthly GAAP FAS157 embedded derivative liability values.
-The unit plays an important role in the product development process for variable annuities by providing analysis and option costs for new variable annuity capital market guarantees being considered.
-This position will serve in IA Hedge valuation team’s Economic Capital sub-group, which is responsible for implementing and maintaining a risk measurement framework for FAS 157 embedded derivative benefits.
-This position will also be required to aid in the development of a robust attribution analysis for liability value movements and streamline the EC valuation process.
QUALIFICATIONS:
- 3-5 years of actuarial experience
- Advanced skills in model building using Access and Excel (VBA)
- Strong quantitative and analytical skills
- Creative problem solver
- Prior experience with TAS, MG-Hedge or similar actuarial modeling software would be helpful
- Prior variable annuity and/or hedging experience is desired
- Must be able to work equally well independently and in a team environment
- Must be willing to quickly develop in-depth knowledge of annuity product designs and optional benefit features as well as capital market instruments (options, swaps, futures, etc.) and hedging concepts
- Actuarial credentials – ASA is desired
-This position requires an individual with both strong modeling and project management skills that is able to work on new projects with little guidance
Online Application available at www.jobs4actuary.com
For further information, email info@nasearchg.com and mention Position #15362, or contact any of our recruiters at (905)-477-2962. |
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