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Position: Associate Actuary
Institution: Venerable
Location: West Chester, Pennsylvania, United States
Duties: Responsible for timely and accurate reporting of the VA asset adequacy analysis to management team and other related statutory financials; Opportunities to work on new VA reinsurance transaction including but not limited to reserve and capital analysis and implementation of new models and reporting structures; Review work completed by external actuarial outsourcing partner and internal team members which includes working with Finance and Risk teams such as Investments, Assumptions, Controllers to gather various inputs, planning/assigning work to external outsourcing partner, review of work, preparation of analytics and presentation materials, investigation of atypical results, and enhancing analytics and attributions over time; Perform detailed analysis on cash flow testing. This includes analysis of projections of Variable Annuity GMxB liabilities, asset cash flows, and hedges to attribute quarter-over-quarter movements and other impact drivers such as market and model changes
Requirements: Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline; ASA or newly credentialed FSA; 5-6+ years financial, insurance industry, or actuarial experience; Prior experience with variable annuity products, modeling, hedging, and/or valuation preferred; Excellent computer skills: Excel, databases, actuarial projection/valuation software, programming (e.g. R, VBA, SQL); Strong analytical skills or advanced knowledge of actuarial concepts; ability to use this knowledge to lead/develop solutions to ad-hoc requests or issues; Solid understanding of insurance products, regulations, or insurance company structure from prior experience in roles such as pricing, modeling, valuation, risk management, inforce management, experience studies, hedging
   
Text: Associate Actuary Responsible for timely and accurate reporting of the VA asset adequacy analysis to management team and other related statutory financials; Opportunities to work on new VA reinsurance transaction including but not limited to reserve and capital analysis and implementation of new models and reporting structures; Review work completed by external actuarial outsourcing partner and internal team members which includes working with Finance and Risk teams such as Investments, Assumptions, Controllers to gather various inputs, planning/assigning work to external outsourcing partner, review of work, preparation of analytics and presentation materials, investigation of atypical results, and enhancing analytics and attributions over time; Perform detailed analysis on cash flow testing. This includes analysis of projections of Variable Annuity GMxB liabilities, asset cash flows, and hedges to attribute quarter-over-quarter movements and other impact drivers such as market and model changes Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline; ASA or newly credentialed FSA; 5-6+ years financial, insurance industry, or actuarial experience; Prior experience with variable annuity products, modeling, hedging, and/or valuation preferred; Excellent computer skills: Excel, databases, actuarial projection/valuation software, programming (e.g. R, VBA, SQL); Strong analytical skills or advanced knowledge of actuarial concepts; ability to use this knowledge to lead/develop solutions to ad-hoc requests or issues; Solid understanding of insurance products, regulations, or insurance company structure from prior experience in roles such as pricing, modeling, valuation, risk management, inforce management, experience studies, hedging
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