Experience Study Actuary, Life Assumption

Jobtailor; Richmond (VA); On-site; USD 110,000 - 165,000; Full time

Job summary

Jobtailor is seeking an experienced actuary to contribute to Inforce reviews and development of life insurance assumptions in a collaborative team. You will analyze data to forecast risks, focusing on mortality, lapse, and premium persistency, and translate results to non-technical audiences.

You will work with the Projection and Valuation Team to ensure consistent messaging and reconciliations, while mentoring peers and enhancing the assumption development process.

Qualifications

• Bachelor’s degree required in Actuarial Science or related field.
• FSA or ASA designation required/preferred.
• 5+ years of actuarial experience required; more with ASA.
• Experience in valuation, projections, experience and pricing.
• Knowledge of GAAP, statutory and tax reporting for term/universal life.
• Proficient in SAS, Python, R or SQL.
• Experience in life insurance experience studies and assumption setting.
• Ability to manage concurrent deadlines.

Responsibilities

• Contribute to Inforce experience reviews and support development of life mortality, lapse and premium persistency assumptions.
• Analyze statistical data to forecast risk and liability for future benefits; focus on Life assumption setting.
• Communicate results to non-technical audience.
• Collaborate with Projection and Valuation Team for consistent messaging and reconciliations.
• Provide peer review and guidance to actuarial teams.
• Support maintenance and enhancements of assumption development process.
• Develop and document internal controls for validating implementations with valuation and pricing data.
• Support ad-hoc requests for actuarial assistance.

Skills

SAS

Python

R

SQL

FSA

ASA

Communication

Deadline management

Education

Bachelor’s degree in Actuarial Science

Tools

AXIS

Job description

Responsibilities

• Contribute to the Inforce experience reviews and support the Life mortality, lapse and premium persistency assumption development and the experience monitoring projects
• Analyze statistical data to forecast risk and liability for payment of future benefits, focusing on Life assumption setting
• Communicate results of recommendations and reviews to non-technical audience
• Collaborate with Projection and Valuation Team to create consistent messaging and improve reconciliations.
• Provide peer review and guidance to actuarial experience and assumptions team
• Support maintenance and enhancements of assumption development process
• Develop and document internal controls for validating and reconciling assumptions implementation with valuation, projections, and pricing data.
• Support ad-hoc requests for actuarial assistance

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related discipline
• Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)
• At least 5+ years relevant experience with FSA, more years required with ASA
• Experience in Actuarial processes, including valuation, projections, experience and pricing
• Knowledge of GAAP, Statutory and Tax financial reporting requirements for term and universal life insurance
• Strong proficiency in a programming language such as SAS, Python, R or SQL
• Experience in life insurance experience studies and assumption setting
• Ability to manage concurrent deadlines and multiple priorities in an organized manner
• Nice to have 7+ years of relevant experience
• Experience in assumption development using Predictive Analytics like GLM modeling.
• Experience in insurance, actuarial modeling platforms (AXIS), or assumption modeling.