Actuary

2 weeks ago


New York NY, United States Assured Guaranty Full time

Position SummaryThis position is for a nontraditional actuarial role in a line of insurance business that sits at the intersection of insurance, banking and investments. The individual will be a contributor to a small team responsible for setting loss reserves on insurance exposures and performing valuation work for the Company’s difficult to value investment and derivative contracts. The individual will also perform regulatory and compliance tasks for actuarial and analytical reporting requirements in the Company’s various jurisdictions. The position involves frequent opportunities to work with other company functions, such as Risk Management, Surveillance, Accounting and Loss Mitigation. This role will require the ability to effectively communicate work processes and results to internal and external stakeholders as well as members of senior management.Position DescriptionLoss Reserving Process:Review, update, create and summarize internal and external loss models for the Company’s expected losses and recoveriesPrepare supporting material on reserves and loss experience, communicate results to senior management and company directors, assist Accounting with booking and documenting reserves and valuationsValuation ProcessesAssist with running the company’s mark to market model and process for difficult to value derivative contractsAssist with the company’s investment valuation processRegulatory and CompliancePrepare regulatory documents including actuarial opinions (and supporting documents), Solvency II workpapers and statutory filingsProduce documentation for and respond to queries from regulators and auditorsOther FunctionsParticipate in the company’s Loss Mitigation process by performing analyses and providing support for negotiationsProduce underwriting analyses and profitability studiesProvide model review and analytical support to various company functionsCandidate BackgroundFCAS or near FCAS (or equivalent in other actuarial societies)Experience working in an actuarial or analytical role at a (re)insurance company, consultancy or audit firmProficient in Microsoft Excel, particularly with creating and reviewing loss modelsAbility to discuss and explain complex insurance and/or financial products to various audiencesExperience interacting and building solid networks within an organizationProven ability to manage multiple workstreams and learn new topics independentlyBasic knowledge of one or more programming languages as well as experience using financial software or tools (e.g., Bloomberg, Intex) a plusKnowledge and acumen with securities markets, public and structured finance and/or credit a plusCompensationAnnual base salary for the position is expected to be from $150,000 per year to $250,000 per year. The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions. This position also provides applicable employee benefits, as well as eligibility for an annual discretionary bonus.


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