The Actuary Director will be part of the Central Modeling Production team, focusing on GMxB annuity liability models, projections and financial and risk analysis.
Responsibilities include:
• Perform and supervise projections and analyze, summarize, and communicate results for the AXIS models that project IFRS/GAAP. Specific projects include:
o Capital Forecasting and Strategic Plan modeling
o Build out GAAP various stress test sensitivities.
o Help support model enhancements in all GAAP reporting frameworks
o Help further automate the reporting and controls.
o Liaison with financial reporting team with valuation and build out stronger reports for new investor relation function.
• Maintain and enhance Accum/RCAXIS models:
o Assist with implementing, quantifying and reviewing assumption changes and model updates
o Support Model Governance requirements, including documentation of all model updates including enhanced single cell validation.
o Support various inforce initiatives, especially ensuring all initiatives are reflected in models and reported results.
o Identify and implement process/model improvements to increase department efficiency
• Work closely with Modeling team clients, especially Valuation & Reporting, Hedging and Annuity Business Areas
• Assist the other EEV modeling teams with enhancement of VA models, including model development for new products
• Assist with analysis, review, and reporting of our exposure to Life Insurance and Financial Risks for GMxB annuity products
• Participate in modeling area transformation project
Qualifications
• FSA with 4+ years of actuarial experience
• Liability expertise or asset-liability modeling experience, especially regarding annuities
• Exposure to leading actuarial projection systems, in particular GGY AXIS, is preferred
• Desire to learn, take on responsibility, and assume ownership of various projects
• Capacity to supervise one actuarial student and work within groups
• Ability to handle deadline oriented work; highly motivated; strong verbal and written communication skills
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