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AVP - Actuary Financial Reporting - PBR Valuation

  • Location:

    Owings Mills

  • Sector:

    Actuarial

  • Job type:

    Permanent

  • Salary:

    US$140000 - US$165000 per annum + PTO

  • Contact:

    Matthew Cassab

  • Contact email:

    matthew.cassab@oliverjames.com

  • Job ref:

    JOB-052023-207790_1683124970

  • Published:

    10 dagen geleden

  • Expiry date:

    2023-06-02

  • Startdate:

    ASAP

AVP, Actuary Financial Reporting

Full Time Management

SUMMARY:

To lead the actuarial STAT and TAX reporting effort for a variety of purposes/audiences, including internal management, the board of directors, state insurance departments, rating agencies, etc. In addition, to provide a wide variety of actuarial services, both routine and project based, that rely on complex actuarial techniques and perspectives, including the evaluation of various product lines.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Supervise the data collection, organization, and reporting of actuarial results for financial statement purposes and lead the verification of the STAT and TAX results; Provide quarterly and year end results to the Accounting Department within pre-determined deadlines
  • Lead the actuarial effort in the Insurance Department and other audits, coordinating efforts to address examiners'/auditors' concerns as needed
  • Lead the actuarial effort in the development, verification, and analysis of mortality and lapse experience studies
  • Manage and maintain in force projection models
  • Support a variety of special projects with actuarial focus. Provide projections for various purposes; Cash Flow Testing, business planning, ad hoc analysis
  • Manage staff to ensure productivity, timely deliverables, and policy compliance

EDUCATION and EXPERIENCE:

  • Ten or more years in the life insurance industry, with broad perspective of a variety of financial aspects of a life company.
  • Extensive work with and understanding of valuation, forecasting, and product profitability tools and analyses required.
  • Bachelor's degree in mathematically oriented major
  • S.A., M.A.A.A. required

SKILLS AND KNOWLEDGE:

  • Exposure to a variety of life, annuity, and health products
  • Deep understanding of US Stat reserving framework
  • Ability to perform hands-on work in actuarial valuation and modeling software

COMPETENCIES:

  • Drive - Displays motivation, is proactive and resourceful in daily work. Persists to complete responsibilities, even in the face of difficulties, is optimistic and tenacious throughout
  • Collaboration - Delegates with appropriate controls; subordinates know expectations and receive regular feedback. Anticipates and takes steps to prevent counter-productive confrontations. Manages and resolves conflicts and disagreements in a constructive manner
  • Adaptable - Builds commitment by using different influencing strategies based on individual's motivation. Rewards and recognizes employees who support team objectives
  • Responsible - Develops the ability of others to perform and contribute to the organization by providing ongoing feedback and by providing opportunities to learn through formal and informal methods
  • Execution - Encourages motivating, positive, and professional behavior through own actions. Understands and provides support and resources to help team members resolve problems and conflict in a positive and constructive manner. Performs the annual review process and manages performance issues in a timely and effective manner. Builds, communicates and monitors team's development plans effectively.

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