Actuarial Associate – Individual Annuities, Modeling

This is a fully remote position, open to applicants in Hawaii, +1 more state.

📋 Description

• Assist in the development of models, data processes, and analytics for the implementation of VM-22.

• Aid in the enhancement of AXIS models and processes that support VM-22 valuation.

• Contribute to the implementation of the VM-22 model through improvements in structure, assumptions, and runtime optimization.

• Acquire a solid understanding of VM-22 to address governance requirements, including change management, controls, and validation readiness.

• Collaborate with valuation, pricing, FP&A, and investment management teams to ensure the results are consistent and user-friendly.

• Evaluate model outputs to pinpoint drivers, limitations, and opportunities for enhancing model performance and scalability.

• Assist in automation, workflow, and cloud integration where relevant.

• Collaborate with the core VM-22 team and the actuarial community of practice.

• Help develop and refine processes for the implementation of VM-22 within pricing, FP&A, ALM, and governance frameworks.

• Potentially assist with future modeling projects, such as reinsurance for a Bermuda affiliate, strategic asset allocation, or ALM reporting.

⛳️ Requirements

• Minimum of 3 years of direct actuarial experience for Actuarial Associate III, or 2 years for Actuarial Associate II.

• ASA designation is mandatory for Actuarial Associate III.

• Completion of at least 3 actuarial exams is required for Actuarial Associate II.

• Bachelor’s degree or an equivalent combination of education and experience in mathematics, actuarial science, business, or a related field is preferred.

• Over 3 years of experience to have developed a seasoned perspective in actuarial business.

• Previous modeling experience with GGY AXIS is preferred.

• Hands-on experience with individual annuities is preferred.

• Experience in asset modeling and Asset Liability Management (ALM) is preferred.

• Strongly preferred experience in projection and valuation modeling (CFT, LDTI MRB, VM-20, or VM-21).

• Python programming experience is preferred.

• Strong analytical abilities and meticulous attention to detail are essential.

• Capability to manage and clarify reserve movements.

• Must be eligible to work in the USA.

• A criminal background check and verification of employment, education, and licensing are required as a condition of employment.

• Must be bondable.

🏝️ Benefits

• Medical, dental, and vision insurance.

• 401(k) plan with matching contributions from the company.

• Annual incentive bonus program.

• Paid time off, including 11 holidays, 2 wellness days, and 8 volunteer hours each year.

• Increased PTO with tenure.

• Opportunities for career growth and advancement.

• Paid parental leave.

• Assistance for adoption and surrogacy.

• Employee giving program that matches donations to eligible nonprofits and schools at double the rate.

• Benefits that support work-life balance.