Associate Modeling Actuary (Life)

Admin — Thu, 18 Mar 2010 13:21:02 GMT

Position: Associate Modeling Actuary

Company: Insurance Organization

Location: Pennsylvania

Job ID: 19251

RESPONSIBILITIES:

- This position plays a key role in developing, implementing, and managing models used in the Retail Annuity Business.
- The ideal employee will have a combination of actuarial, capital markets, and IT knowledge and experience.
- The position will report to the Head of Modeling. In addition, this department works closely with Product Pricing, Market Risk Management, and IT to ensure appropriate models design, development, validation, and maintenance.
- Play a key role in developing and implementing a sophisticated financial model platform to effectively measure complex Business Unit exposures for valuations and projections by combining Actuarial, Financial, and Capital Market concepts.
- Play a key role in developing, maintaining, testing, validating, and documenting sophisticated financial models to support various projects.
- Assist in managing small to medium sized projects in a dynamic business environment that will involve shifting priorities; collaborating with other departments and business units, and creatively leveraging resources to meet aggressive deadlines.
- Direct the preparation and interpretation of data and related formulas.

QUALIFICATIONS:

- 3+ years of modeling with Prophet, MoSes or similar software.
- Associate Society of Actuaries (ASA).
- Background modeling for economic capital, embedded value, market consistent embedded value, ALM, DAC, and reserving is desired.
- A mix of IT and actuarial background is required, along with experience of implementing new actuarial software such as Prophet or MoSes.
- Working knowledge of stochastic modeling and computational technology in large scale, distributed processing, and database oriented environment.
- Knowledge of annuity products, including reserves, economic capital, pricing metrics, and financials.
- Strong written and oral communication skills, including a proven ability to effectively describe complex models and considerations to a less technical audience.
- Ability to work in a cross-functional team environment, and lead small to medium sized projects.
- Excellent computer skills are required for consideration (especially C++, SQL, Excel, Oracle, FoxPro, Visual Basic, APL, Matlab).

Online Application available at www.jobs4actuary.com

For further information, email info@nasearchg.com and mention Position #19251, or contact any of our recruiters at (905)-477-2962.

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Associate Modeling Actuary (Life)