23 days old

Director & Actuary ( Individual Life Policyholder Behavior Assumptions Lead)

Newark, NJ
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This position resides in the Individual Life Insurance (ILI) Strategy & Assumptions Group within the Individual Solutions Group (ISG) Actuarial Department and can be located in either Newark, NJ or Hartford, CT.

The primary responsibility of the Assumptions Group is the development of assumptions used for a variety of critical business purposes including: the pricing of new products, GAAP and STAT financial reporting including Principle Based Reserving (PBR), forecasting, Economic Capital, Asset Adequacy Testing (AAT), dividends, as well as support of other regulatory and reporting requirements. In addition, the group performs analyses to support special projects and to contribute to the full understanding of financial results. Members of the group regularly interact with individuals from a broad array of functional areas within and outside of ILI, as well as other business units. Additionally, the group is offered exposure to a broad spectrum of life insurance business issues that are discussed weekly in an executive setting called the Assumptions Review Committee. Here, assumptions are discussed for endorsement by a group of senior leaders within ILI.

Primary responsibilities of this position include:

Oversee the development of all policyholder behavior assumptions within ILI (i.e. premium payment behavior, lapse & surrender rates, term conversion rates, etc.)

Collaborate with business partners (pricing, modeling, valuation, finance, corporate teams) to understand and support their assumption needs

Review and sign off on documentation pertaining to the development of assumptions

Provide management with actionable business insights based on assumption data analysis

Proactively drive process, analysis, and control improvements

Manage team of 2-4 actuarial analysts

The successful candidate will have all of the following core qualifications:

Fellow or Associate of the Society of Actuaries

Excellent analytical and problem-solving skills

Strong oral and written communication skills

Strong Microsoft Excel and Word skills

Strong attention to detail and organizational skills

Highly motivated, conceptual thinker who is able to work effectively on a wide variety of assignments

Demonstrated interpersonal and partnering skills

Demonstrated management experience

Strongest consideration will be given to candidates who possess the core qualifications and who have some of the following qualifications:

Knowledge of life insurance experience studies and assumption development

Knowledge of life insurance products

Experience in GAAP or STAT financial reporting

Knowledge of predictive analytics

Jobs Rated Reports for Actuary

Posted: 2018-09-27 Expires: 2018-10-26
Sponsored by:
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Sponsored by:
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Director & Actuary ( Individual Life Policyholder Behavior Assumptions Lead)

Newark, NJ

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10th2018 - Actuary
Overall Rating: 10/220
Median Salary: $100,610

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