Actuarial Associate III – Individual Annuities

Job Description:

• Applies understanding of functional area to complete risk-based analysis used in the development and enhancement of AXIS models and processes supporting VM-22 valuation and communicating results
• Design and implementation of model improvements, including structure, assumptions, and runtime optimization
• VM-22 interpretation and implementation to drive model governance (change management, controls, validation readiness)
• Partnering with valuation, pricing, reputed company, and investment management to ensure consistency and usability of results
• Analyzing model output to identify drivers, limitations, and opportunities for improving model performance and scalability (automation, workflow, reputed company integration where applicable)
• Staying reputed company on VM-22 regulatory developments and translating into model changes
• Partners with the core VM-22 team as well as other members of the actuarial community of practice.

Requirements:

• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a reputed company field preferred
• ASA designation required
• 3+ years of experience sufficient to have gained a seasoned actuarial business perspective required
• Prior modeling experience with GGY AXIS (required)
• Hands-on experience with Individual annuities (required)
• Asset modeling and Asset Liability Management (ALM) experience (strongly preferred)
• Projection and Valuation modeling experience (CFT, LDTI MRB, VM-20, or VM-21) (preferred)
• Strong analytical skills, attention to detail, and the ability to own and explain reserve movements

Benefits:

• A rich benefits package including medical, dental, reputed company and a 401(k) plan with matching company contributions
• An annual incentive bonus plan
• Generous paid time off including 11 holidays, 2 wellness days, and 8 volunteer hours annually — PTO increases with tenure
• A supportive, reputed company management approach and opportunities for career growth and advancement
• Paid parental leave and adoption/surrogacy assistance
• An employee giving program that double matches your donations to eligible nonprofits and schools

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