Actuary Job at AAA Life Insurance Company, Boston, MA

MW5tTGdLQ2h0eTdsTGpzMkI1dHFUUE1mWmc9PQ==
  • AAA Life Insurance Company
  • Boston, MA

Job Description



The AAA Life Valuation team Actuary may have wide range of responsibilities that may include but not be limited to valuation and reserving, asset liability modeling, economic capital modeling, cash flow testing, pricing & product develop, data analytics and data science, product management, underwriting and risk pricing.

This position will be expected to interact with all areas of the company and as a coach to less experienced actuaries in the company. They will be expected to assist in planning and organizing short- and long-term activities necessary to achieve established goals and is expected to stay current on the latest trends impacting life insurance and annuity business.

Location: Hybrid- Livonia or Boston

Responsibilities

Financial Modeling:

  • Responsible for the development, enhancement, governance and maintenance of asset and liability models supporting all lines of life insurance and annuities.
  • Familiarity using modeling software such as MG-ALFA. Models are used for Valuation, Corporate Planning, Investment Analysis, Cash Flow Testing, Principle Based Reserving, Reinsurance, and other potential use cases.

Pricing & Product Development:

  • Responsible for the pricing, modeling, filing, implementation, profitability analysis and assumptions of Life and Annuity products. Must have experience using pricing software such as MG-ALFA.
  • Responsible for ensuring new products comply with various state and federal regulation and ensure that profitability objectives of new business are achieved.

Valuation:

  • Responsible for managing all aspects of Statutory, GAAP and Tax valuation. Creates or assists with the creation of appropriate actuarial financial reporting to support finance department.
  • Experience and/or knowledge of emerging changes to valuation including Principle Based Reserves and Long Duration Targeted Improvements is required.

Product Management & Underwriting Innovation:

  • Responsible for analyzing inforce and experience study results with the goal of recommending strategies and modifications that support product profitability and new business sales objectives. This will be done using a combination of traditional A/E studies, statistical analysis and machine learning.
  • Supports innovation of risk selection and risk pricing.

Qualifications

  • Bachelor’s Degree in Actuarial Science, Computer Science, Mathematics, or a related field.
  • An Associate of the Society of Actuaries (ASA) Designation or equivalent work experience.
  • A Chartered Enterprise Risk Analyst (CERA) Designation strongly preferred.
  • Minimum of eight years’ experience in the actuarial field. Life Insurance and/or annuity experience preferred.
  • Strong analytical and problem-solving skills.
  • Advanced experience with an Actuarial modeling system.
  • Highly proficient programming in Access and proficient in Excel.
  • Knowledge of state and federal product regulations including nonforfeiture regulations, valuation regulations, actuarially related state filing regulations, illustration actuary requirements.
  • Ability to:
    • Identify improvements and enhance routine functions such as financial reporting.
    • Program and test in Access and SQL Server database environments.
    • Analyze results for reasonableness.
    • Learn company operations, systems and actuarial methodologies quickly.

PM21

PI2bce5a4f2cc7-30492-36081867

Job Tags

Temporary work, Work experience placement,

Similar Jobs

Marketech International Corp USA

Chemical Engineer Job at Marketech International Corp USA

 ...Job Description Job Description Salary: MIC is looking for a Chemical Engineer to join our 5-nanometer fab, located in sunny Phoenix, Arizona. As a Facilities Gas and Chemical Engineer, you will demonstrate a strong sense of reliability and enthusiasm. The Chemical... 

LinPepCo

Territory Sales Manager - Small Format - Pepsi - T Job at LinPepCo

 ...provide attention to detail Ability to work with others Ability to multitask Company Overview and EEO Statement LinPepCo is a Pepsi-Cola independent distributor and has more than 35 years of soft drink and vending product distribution experience. Our company... 

GreenWave Radios™

Staff Engineer, RF Power Amplifier Design Job at GreenWave Radios™

 ...GreenWave certification profile at GreatPlacetoWork.com and our website at Home - GreenWave Radios. As a Staff RF Power Amplifier Design Engineer , you will report to the VP of Engineering and be responsible for the development of ultra high-efficiency RF power... 

HI CARE SERVICE

Data Entry - Typist Online Work Job at HI CARE SERVICE

Working in the Data Entry field is a great way to supplement your income. Looking for both full-time, and part-time employees to work from home. Qualifications Must be able type with accuracy. Computer Skills including internet, e-mail, e-mail attachments, downloading...

Haugland Learning Center LLC

Special Education Paraprofessional Job at Haugland Learning Center LLC

 ...Job Description Job Description Special Education Paraprofessional at New Story Schools 600 W Resource Drive, Independence, OH 44...  ...individualized education plans (IEPs) for students with special needs Provide support in the classroom by helping students with their...