Position Overview
The Assistant Actuary performs pricing, modeling, risk analysis, structuring, and other activities related to specific new business development opportunities for the Global Financial Solutions business unit.
This role is open to candidates based St Louis, Toronto and Remote locations.
Responsibilities
- Assist to perform pricing, modeling, risk analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the Global Financial Solutions business unit in a timely manner consistent with applicable standards.
- Assess and analyze risk exposure in potential transactions and prepare documentation of these risks in detailed risk analysis reports.
- Perform key analysis on experience study and transactions.
- Develop and maintain adequate and timely documentation of personal work that complies with relevant ASOPs.
- Assist to build proof-of-concept models for new opportunities or new reinsurance solutions for our clients.
- Perform peer review on the work of other actuaries.
- Assist risk management personnel with monitoring experience of in-force treaties.
- Participate in key unit and ad-hoc department projects as needed.
- Maintain regular and predictable attendance.
- Performs other duties as required.
Requirements
EDUCATION & EXPERIENCE
Required :
- Bachelor’s degree in Math, Finance, Actuarial Sciences, Statistics, Computer Science or related field.
- ASA accreditation, progress towards FSA designation.
- 3+ years of actuarial experience in life insurance / reinsurance.
Preferred :
- Life and Annuity track.
- Modeling experience.
SKILLS & ABILITIES
Required :
- Demonstrated understanding of key insurance-related concepts, including life and annuity products, reinsurance contracts, and basic GAAP, Statutory, and tax accounting principles.
- Advanced PC and technical skills, including database applications, spreadsheets, statistical programs and actuarial software (AXIS, Prophet or equivalent).
- Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions.
- Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders.
- Competent project management skills. Demonstrates an ability to evaluate project
objectives and scope for feasibility and understanding.
- Advanced investigative, analytical and problem solving skills.
- Advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines.
- Broad business knowledge.
Preferred :
- Expertise in AXIS and / or Prophet
- Advanced knowledge of life insurance, health insurance, longevity, and / or annuity products.
- Advanced knowledge of key financial reporting, accounting, and solvency regimes, including (but not limited to) : US GAAP, US Statutory, and US tax;
IFRS; MCEV / EV / EEV; and Solvency II.
- Ability to challenge and enhance our analytical capabilities.
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