Actuarial Manager

Overview

Position Summary:

An excellent opportunity to be a part of a rapidly growing life insurance and reinsurance company’s dynamic Valuation team. This position would be involved in a broad spectrum of actuarial projects and tasks. They include: calculating reserves and related balances, modeling future cash flows for financial projections, financial reporting and experience analysis/review, and analyzing quarterly and annual financial results. This position may also assist in the completion of embedded value, asset/liability management and capital management work.

In this position, you will interact with other departments like accounting, investments, IT, and operations.

• Determine, review, and analyze quarterly STAT, GAAP, DAC, VOBA and tax reserves and related balances for a variety of life insurance and annuity products.
• Provide required financial reporting information to other areas of the Company, clients, and for regulatory and compliance support, including audit.
• Perform annual cash flow testing and other asset adequacy analysis and assist in the completion of required reporting.
• Analyze financial results and experience, propose assumption updates, and support executive level decision making.
• Propose, test, and implement process improvements.
• Support the Company in auditor and regulatory examinations and questions and ensure the Company complies with regulatory changes.
• Maintain and document valuation models as well as perform other required actuarial documentation for assumptions and controls.
• Assist with model conversion, valuation platform conversion and system validation.
• Assist with operations requests related to values and administration of (re) insurance policies.
• Train other finance/actuarial personnel to be able to handle any of the above tasks, and pass on institutional knowledge.
• May manage an Actuarial Analyst or Senior Actuarial Analyst.

• Minimum 6+ years of US STAT or GAAP reserving and financial reporting experience
• Strong critical and analytical thinking
• Strong understanding of life insurance products (whole life, term, UL, payout annuities, deferred annuities, long-term care)
• Strong communication and collaboration
• Able to research problems or questions and provide responses
• React to change productively and able to prioritize multiple tasks appropriately
• Strong with Excel
• Experience with AXIS, ALFA and ARCVAL/CASE a plus. While the company currently uses all three of these actuarial software platforms we are in the process of converting everything to Moody’s Axis. Hence experience with Axis is a plus.

• ASA designation required, near FSA preferred and least five years of experience performing actuarial duties related to life (re) insurance
• MAAA designation or desire to pursue MAAA designation
• Bachelor’s degree (Mathematics, Economics, Statistics or Actuarial Science is a plus).

• Location:
  
  Norwalk, CT
• Structure:
  Hybrid
• Travel:
  Minimal to no travel required