Life Actuary

Risk & Regulatory Consulting LLC; United States; On-site; USD 170,000 - 260,000; Full time

Job summary

Risk & Regulatory Consulting LLC is seeking a Life Actuary to join a team of industry professionals on regulatory consulting engagements. This role offers advancement and opportunities for personal and professional growth.

Responsibilities include actuary analyses, client relationship management, and contributing to the intellectual capital of the practice. Requires 10+ years in life insurance/financial services or consulting, ASA/FSA, and strong communication.

Qualifications

• Bachelor's degree in Mathematics, Actuarial Science, Economics, or Statistics; MBA and/or professional certification/s.
• Minimum of 10+ years professional experience in a Life insurance company, financial services or consulting firm.
• ASA or FSA required, MAAA designation preferred.
• Knowledge of actuarial concepts: financial modeling and analysis, statutory valuation and reserving, risk management, product development and pricing, ALM, spreadsheet and actuarial software, life/annuity/reinsurance.
• Ability to interact with executives and senior managers; strong communication and organizational skills.

Responsibilities

• Assist on client engagements: prepare original actuarial analysis, review analyses, coordinate with internal resources, and advise on solutions.
• Develop client relationships, adhere to budgets and timelines, and document work thoroughly.
• Support operational improvements and growth of the life actuarial practice; travel occasionally.
• Contribute to proposals, respond to RFPs, and maintain knowledge of regulatory changes.
• Exhibit professional standards and ethical conduct and communicate clearly with clients and team.

Skills

Actuarial concepts

Interpersonal skills

Presentation skills

Analytical skills

Communication skills

Client service

Self-motivation

Travel willingness

Education

Bachelor's Degree in Mathematics, Actuarial Science, Economics, or Statistics

MBA and/or professional certification

ASA or FSA

MAAA designation preferred

Tools

Microsoft Office

TeamMate

ACL/Access

Actuarial software

Visual Basic

Job description

As a Life Actuary you will work with a team of industry professionals on regulatory consulting engagements. This position has opportunity for advancement as well as personal and professional growth.

Specific Duties and Responsibilities

Assist on client engagements including: prepare original actuarial analysis, review actuarial analysis performed by others, coordinate with internal resources, develop client relationships, advise project team on potential solutions and strategies to meet project goals and client needs, assist with resolution of issues, adhere to project budget and timelines, maintain knowledge of regulatory changes, document work in a thorough and understandable manner, support operational improvements and growth of the life actuarial practice.

• Prioritize client work to successfully meet deadlines
• Use creativity to apply core competencies to a range of different types of client projects
• Lead and support a range of client engagements
• Document statutory financial examination work as it is completed in Teammate and in TeamDocs for other projects
• Help manage key client relationships
• Exhibit strong communication skills, professionalism and work ethic
• Apply strong technical understanding
• Assist with responding to RFPs
• Develop proposal content
• Contribute to the intellectual capital of the practice and Firm
• Assist in improving operations of the actuarial practice (for example through improving tools, templates, and documentation)

Basic Qualifications

• Bachelor’s Degree in Mathematics, Actuarial Science, Economics, or Statistics; MBA and/or professional certification/s
• Minimum of 10+ years professional experience in a Life insurance company, financial services or consulting firm.
• ASA or FSA required, MAAA designation preferred
• Knowledge of actuarial concepts: financial modeling and analysis, statutory valuation and reserving, risk management, product development and pricing, Asset Liability Management (ALM), spreadsheet and actuarial software, life, annuity and reinsurance products
• Ability to interact with all levels including executives and senior managers
• Strong interpersonal, presentation, analytical and statistical skills
• Excellent organizational skills and the ability to prioritize multiple tasks, projects and assignments
• Exceptional written and verbal communication skills are required
• Dynamic/flexible demeanor with exceptional client service skills
• Must be self-motivated and possess a sense of urgency
• Ability to travel occasionally
• Ability to demonstrate ethical and professional standards as outlined by the Firm
• Understanding of risks and risk mitigation in a consulting environment

Preferred Qualifications

• Demonstrated problem solving skills; ability to tackle challenges creatively
• Strong understanding of regulatory requirements for reserving and rating
• PC skills, including experience in using software for producing presentations, spreadsheets, and project planning (for example, skills in Microsoft Office, TeamMate, ACL/Access, Visual Basic, actuarial modeling software)
• Forward-thinking with a collaborative focus who can consult effectively with key constituents and become recognized as a valued resource