Actuarial Assistant

Overview:
AAA Life is seeking an Actuarial Assistant who would be responsible for developing and maintaining actuarial functions relating to product development, reserve valuation, financial reporting, forecast cash flow testing, and reinsurance. 

Responsibilities:
Job Description: General Purpose

Operating within the core values and operating principles of the organization, responsible for developing and maintaining actuarial functions relating to product development, reserve valuation, financial reporting, forecast cash flow testing, and reinsurance.  

 

Position Responsibilities

Has good programming skills in Access and is proficient in Excel and an advanced programming language (e.g., VBA, SQL, etc.)

Has good product knowledge and understands databases

Is capable of reviewing work for reasonableness and accuracy

Has basic understanding of actuarial concepts and can grasp new concepts quickly

Can identify a problem and takes the initiative to figure out how to resolve it

Demonstrates familiarity with actuarial guidelines and regulatory requirements impacting work and is capable of researching those guidelines and regulations.

Maintains and updates controls and documentation

 

The Actuarial Assistant will be responsible for the functions described in one or more of the following areas:

 

PRICING AND PRODUCT DEVELOPMENT

Develops and updates pricing models using MG-ALFA actuarial software

Develops and validates pricing assumptions

Tests rates for reasonableness

Creates reports/analysis for management review

Calculates and validates statutory, GAAP and Tax reserves and related items

Assists in preparation and analysis of financial statements

Understands financial forecast model, and updates model and produces results as needed

Runs experience studies, analyzes results, and updates assumptions as needed

 

VALUATION AND FINANCIAL REPORTING

FINANCIAL MODELING AND ERM

Understands all phases of actuarial modeling using MG-ALFA, and can make system modifications as needed

Creates and maintains management level reports related to investment and interest crediting management

Understands ERM model process and can handle all aspects of running the model

Qualifications:
Required Education/Experience

Bachelor’s degree in Actuarial Science, Computer Science, Mathematics, or related field.

Completion of 3 to 4 Society of Actuaries exams

Minimum 18 months experience in the actuarial field

Good verbal and written communication skills

Strong analytical skills

Experience with MG-Triton, MG- ALFA or other Actuarial modeling system

Ability to:

Effectively problem solve

Identify improvements and enhance routine functions such as financial reporting

Program and test in Access and SQL Server database environments

WHAT WE OFFER:

A collaborative, energetic work environment where you can put your passion for people to work

Medical, Dental, Vision, Life and Disability coverage available day one

Pension Plan

Performance-based incentive plan

401k available with a Company match

Holidays and Paid Time Off

AAA Basic Membership

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