Actuary Analyst

  • location: Bridgewater, NJ
  • type: Contract
  • salary: $89 - $94 per hour
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job description

Actuary Analyst

job summary:
Actuary Analyst/ Manager

137076-1

Supplier Call for Requests - 137076 / 135387 / 135314

Date: Thursday, 6/20 @ 10AM Eastern

Dial: 515-606-5113

PC: 660576

Project specifics - LDTI? Long Duration Targeted Improvements, which refers to changes made by the Financial Accounting Standards Board (FASB) in the accounting for long-duration insurance contracts. We are looking for consultants to help us implement the changes.

Technical:

This is an overview of what we are looking for these consultants to do:

- BAU backfill and supporting LDTI through:

- Working on end-to-end scoping validation of reserves and refreshing scoping documents every 6 months

- Support lead actuaries in writing IT business requirements

- Document approach and application of working assumptions for presented policy guidelines

- Support analysis and implementation of disclosures/footnotes and reserve repository valuation feeds

- Perform internal model validations/analysis of results beyond Poly's SOW

- Support documentation of new controls and processes

- Support model validations performed by Risk and external auditors

- Assist with the execution of the dry runs and work on remediating issues

Do they need to know specific software? PolySystems, MG Triton (Chris Goetzl 137076 only) and SQL are desirable

Skills:

Analysis of valuation results involves comparing the actual to expected results in all of the sources (investments, mortality, expenses, new business, ledger cashflows, economic environment changes, etc.).

Proficiency in Microsoft Office (EXCEL, ACCESS, WORD, PowerPoint, etc.) MG Triton a plus.

Strong technical and analytical skills, and strong written and verbal communication skills.

Experience, Skills and Competencies:

Actuary (ASA or FSA)

Will also consider degrees in Math, Finance, Accounting or equivalent field or work experience in actuarial services

Familiar with FASB long duration targeted improvement changes

Experience with US GAAP valuation and reporting.

Experience with working with actuarial models for reporting or pricing

Experience with building databases to handle large data sets

Familiarity with long term care insurance products, with pricing, with statutory accounting, with RBC, with Investments achievable rates processes.

Understand sources of earnings, including one-time impacts.

Understand statistical concepts like correlation, variance, and implied volatility.

Risk measurement experience is a plus.

Valuation experience with analysis of reserve roll-forwards is a plus.

Familiarity with ledger and reserve repository is a plus.

Presentation and writing skills are important, as must communicate explanations for actual to expected variances to a broader audience.

LRT and/or CFT experience is helpful.

Nice to have:

Work experience in finance-change programs where new systems have been implemented in an organization

At least three years working in a roles relating to auditing, financial reporting, controls, and/or data management and reconciliation.

Familiar with how to measure and project expected changes in the economic environment on both assets and liabilities.

 
location: Bridgewater, New Jersey
job type: Contract
salary: $89 - 94 per hour
work hours: 8 to 4
education: Bachelor's degree
experience: 0 Years
 
responsibilities:
Actuary Analyst/ Manager

137076-1

Supplier Call for Requests - 137076 / 135387 / 135314

Date: Thursday, 6/20 @ 10AM Eastern

Dial: 515-606-5113

PC: 660576

Project specifics - LDTI? Long Duration Targeted Improvements, which refers to changes made by the Financial Accounting Standards Board (FASB) in the accounting for long-duration insurance contracts. We are looking for consultants to help us implement the changes.

Technical:

This is an overview of what we are looking for these consultants to do:

- BAU backfill and supporting LDTI through:

- Working on end-to-end scoping validation of reserves and refreshing scoping documents every 6 months

- Support lead actuaries in writing IT business requirements

- Document approach and application of working assumptions for presented policy guidelines

- Support analysis and implementation of disclosures/footnotes and reserve repository valuation feeds

- Perform internal model validations/analysis of results beyond Poly's SOW

- Support documentation of new controls and processes

- Support model validations performed by Risk and external auditors

- Assist with the execution of the dry runs and work on remediating issues

Do they need to know specific software? PolySystems, MG Triton (Chris Goetzl 137076 only) and SQL are desirable

Skills:

Analysis of valuation results involves comparing the actual to expected results in all of the sources (investments, mortality, expenses, new business, ledger cashflows, economic environment changes, etc.).

Proficiency in Microsoft Office (EXCEL, ACCESS, WORD, PowerPoint, etc.) MG Triton a plus.

Strong technical and analytical skills, and strong written and verbal communication skills.

Experience, Skills and Competencies:

Actuary (ASA or FSA)

Will also consider degrees in Math, Finance, Accounting or equivalent field or work experience in actuarial services

Familiar with FASB long duration targeted improvement changes

Experience with US GAAP valuation and reporting.

Experience with working with actuarial models for reporting or pricing

Experience with building databases to handle large data sets

Familiarity with long term care insurance products, with pricing, with statutory accounting, with RBC, with Investments achievable rates processes.

Understand sources of earnings, including one-time impacts.

Understand statistical concepts like correlation, variance, and implied volatility.

Risk measurement experience is a plus.

Valuation experience with analysis of reserve roll-forwards is a plus.

Familiarity with ledger and reserve repository is a plus.

Presentation and writing skills are important, as must communicate explanations for actual to expected variances to a broader audience.

LRT and/or CFT experience is helpful.

Nice to have:

Work experience in finance-change programs where new systems have been implemented in an organization

At least three years working in a roles relating to auditing, financial reporting, controls, and/or data management and reconciliation.

Familiar with how to measure and project expected changes in the economic environment on both assets and liabilities.

 
qualifications:
Actuary Analyst/ Manager

137076-1

Supplier Call for Requests - 137076 / 135387 / 135314

Date: Thursday, 6/20 @ 10AM Eastern

Dial: 515-606-5113

PC: 660576

Project specifics - LDTI? Long Duration Targeted Improvements, which refers to changes made by the Financial Accounting Standards Board (FASB) in the accounting for long-duration insurance contracts. We are looking for consultants to help us implement the changes.

Technical:

This is an overview of what we are looking for these consultants to do:

- BAU backfill and supporting LDTI through:

- Working on end-to-end scoping validation of reserves and refreshing scoping documents every 6 months

- Support lead actuaries in writing IT business requirements

- Document approach and application of working assumptions for presented policy guidelines

- Support analysis and implementation of disclosures/footnotes and reserve repository valuation feeds

- Perform internal model validations/analysis of results beyond Poly's SOW

- Support documentation of new controls and processes

- Support model validations performed by Risk and external auditors

- Assist with the execution of the dry runs and work on remediating issues

Do they need to know specific software? PolySystems, MG Triton (Chris Goetzl 137076 only) and SQL are desirable

Skills:

Analysis of valuation results involves comparing the actual to expected results in all of the sources (investments, mortality, expenses, new business, ledger cashflows, economic environment changes, etc.).

Proficiency in Microsoft Office (EXCEL, ACCESS, WORD, PowerPoint, etc.) MG Triton a plus.

Strong technical and analytical skills, and strong written and verbal communication skills.

Experience, Skills and Competencies:

Actuary (ASA or FSA)

Will also consider degrees in Math, Finance, Accounting or equivalent field or work experience in actuarial services

Familiar with FASB long duration targeted improvement changes

Experience with US GAAP valuation and reporting.

Experience with working with actuarial models for reporting or pricing

Experience with building databases to handle large data sets

Familiarity with long term care insurance products, with pricing, with statutory accounting, with RBC, with Investments achievable rates processes.

Understand sources of earnings, including one-time impacts.

Understand statistical concepts like correlation, variance, and implied volatility.

Risk measurement experience is a plus.

Valuation experience with analysis of reserve roll-forwards is a plus.

Familiarity with ledger and reserve repository is a plus.

Presentation and writing skills are important, as must communicate explanations for actual to expected variances to a broader audience.

LRT and/or CFT experience is helpful.

Nice to have:

Work experience in finance-change programs where new systems have been implemented in an organization

At least three years working in a roles relating to auditing, financial reporting, controls, and/or data management and reconciliation.

Familiar with how to measure and project expected changes in the economic environment on both assets and liabilities.

 
skills: Finance
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

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    Actuary Manager

  • location: Bridgewater, NJ
  • job type: Contract
  • salary: $89 - $94 per hour
  • date posted: 6/19/2019