Senior Actuarial Consultant, Asset Modeling

Talcott Financial Group; Hartford (CT); Hybrid; USD 100,000 - 140,000; Full time

Job summary

A leading financial group is seeking a Senior Actuarial Consultant specializing in asset modeling. This key role involves overseeing the entire general account portfolio, ensuring optimal asset modeling techniques are deployed. The ideal candidate will have substantial experience in the insurance field and a strong command of actuarial software, coupled with analytical expertise.

Qualifications

• 5+ years of insurance or finance experience, preferably in asset modeling.
• Preferred ASA/FSA/CFA designation.
• Familiarity with US CFT or Bermuda EBS is a plus.

Responsibilities

• Ensure all new deals are onboarded into the asset modeling framework.
• Evaluate capital-efficient ALM or derivative strategies.
• Partner with investment and finance teams for model accuracy.

Skills

Mathematical skills

Analytical skills

SQL

Education

Bachelor's degree in mathematics, statistics, actuarial science

Advanced degree in related field

Tools

Moody’s GGY AXIS

QuantLib

Job description

Senior Actuarial Consultant, Asset Modeling

Join to apply for the Senior Actuarial Consultant, Asset Modeling role at Talcott Financial Group

Senior Actuarial Consultant, Asset Modeling

6 days ago Be among the first 25 applicants

Join to apply for the Senior Actuarial Consultant, Asset Modeling role at Talcott Financial Group

Get AI-powered advice on this job and more exclusive features.

Talcott Financial Group* is an international life insurance group and the industry’s trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.

Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $127 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.

Talcott Financial Group’s two core business platforms include: U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re.

Overview

Talcott’s recently centralized asset modeling team is tasked with oversight of the company’s entire general account portfolio including configuration, validation, valuation, and financial projection of fixed income and derivatives supporting the company’s financial statements, regulatory filings, internal short & long-term projections, stress testing, and M&A activity. Fixed income is modeled using Moody’s GGY AXIS or Kamakura Risk Manager (KRM) software depending on the purpose. Coverage includes corporates, municipals, treasuries, asset-backed, mortgage-backed, securitized assets, private financing, alternatives, and other bespoke asset classes. Derivatives are modeled using an internal system built atop the QuantLib quantitative financial modeling library. Coverage includes vanilla and exotic variations of futures, forwards, options, swaps, swaptions.

As the company seeks to expand into the international retail space, expectations are both fixed income and derivatives coverage will need to expand to support new foreign markets with local currency products such as treasuries, corporates, and FX related derivatives.

The team regularly interacts with investments, trading, ALM, finance, and accounting teams in addition to the liability counterparts in the actuarial department. This position will report to the Managing Actuary of ALM and pricing models. The ideal candidate will work in a hybrid arrangement out of our Hartford, CT. or Charlotte, NC. Office. Remote work arrangements will be considered.

Responsibilities

• Ensuring all Talcott’s new deals are appropriately onboarded into existing asset modeling framework within Moody’s GGY Axis
• Configuration, maintenance, and execution of Talcott’s ALM models including existing asset holdings, reinvestment/disinvestment strategy development, and other related asset assumption implementation
• Evaluation of more optimal or capital-efficient ALM or derivative strategies
• Assist in implementing enhancements to reserving & valuation models, quality controls and reporting capabilities used across actuarial
• Partner with Investment Management, Finance, and Approved Actuaries to ensure best in class and regulatory appropriate asset modeling techniques are embedded in Talcott’s ALM models
• Provide consultative support and thorough review of models results to all business partners throughout the company
• Partner with Axis model owners & Model Risk Management to ensure effective implementation of all asset modeling changes
• Build strong partnerships with investment operations, investment accounting, and IT to ensure the asset modeling team receives appropriate data inputs to support our needs
  
  

Qualifications

• Bachelor's degree or advanced degree in mathematics, statistics, actuarial science or related field
• ASA/FSA/CFA designation or pursuit of is preferred but not required
• Minimum of 5 years of insurance or finance experience with prior asset modeling experience highly desirable
• Experience with Moody’s GGY AXIS, or other actuarial modeling software
• Familiarity with US CFT or Bermuda EBS is a plus
• Proficiency with database applications, including the ability to automate tasks using SQL
• Strong mathematical and analytical skills coupled with knowledge on fixed income asset classes, pricing models, complex derivatives, and numerical derivatives pricing techniques
• Ability to perform ad hoc analysis under binding time constraints
• Desire to take pride in and ownership of work products and presentations
• Strong written and verbal communication skills
• Willingness to “do what it takes” to meet critical objectives
• Talcott Financial Group is an equal employment and affirmative action employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace and is committed to building inclusion and leveraging diversity. For more information regarding our Privacy Policy, please go to https://talcott.com/onlineprivacypolicy/onlineprivacypolicy.html

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Hospitals and Health Care, Non-profit Organizations, and Government Administration

Referrals increase your chances of interviewing at Talcott Financial Group by 2x

Get notified about new Senior Actuarial Consultant jobs in Greater Hartford.

Actuarial Analyst - Workers' Compensation Indications Team

Senior Actuarial Consultant, Fixed and Payout Annuity Valuation

Senior Actuarial Consultant, Pricing (Large Account Casualty)

Senior Actuary - Medicaid Revenue Integrity

Senior Actuarial Consultant, FIA Valuation

Senior Actuarial Consultant, Pricing (Large Account Casualty)

Director & Actuary, Risk & Profitability Measurement

Manager, Actuarial and Analytics - Personal Insurance Reserving

Manager, Actuarial and Analytics - National Property Pricing

Manager, Actuarial and Analytics - Personal Insurance Reserving

Senior Manager, Actuarial and Analytics – Property Pricing

Senior Actuarial Analyst (property-casualty insurance)

Claims Analyst, North American Claims Group

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.