Life Insurance Actuary

Published: April 11, 2018
Job Type
Category
Job Code
22897
Years of Experience
2
Salary
To be discussed
Travel
No
Education
Bachelor’s Degree
Contact
Jeslin Ramos
Contact Email
jramos@careersincpr.com

Description

  • Develop pricing methodology for life and annuity PPLI
  • Assists in conducting routine risk analyses using mathematical modeling techniques and statistical concepts.
  • Determines probability and assesses potential
  • Assists in preparing reports indicating implications of analyses to management to advise them on potential risk
  • Assists in advising management on the administration of routine life insurance scenarios to reduce liabilities and ensure regulatory
  • Works with information technology professionals to develop systems to ensure compliance with requirements of regulatory
  • Peer review and impact analysis of assumption updates
  • Comply with internal and external regulatory requirements
  • Responsible for providing updates to Senior management on tax and accounting pronouncements that impact the inforce book of
  • Provide direction around GAAP, STAT and Tax reserving
  • Maintain and/or implement an Actuarial System for housing the inforce book
  • Performs other related duties as assigned by

Requirements

  • Bachelor's Degree (BA) in Actuarial Science, Finance, Statistics, or Mathematics from four- year college or university, and two years of life insurance/annuity/reinsurance industry experience and/or training, or equivalent combination of education and
  • FSA professional designation or near-FSA.
  • Strong financial modeling, analytical, and problem-solving skills
  • Extensive hands-on knowledge of PPLI product valuation and reserving related to GAAP, STAT and
  • Develop and implement cutting edge underwriting and new business
  • Strong ability to establish and maintain effective interpersonal relationships with clients and co-workers. Ability to work independently but also be a strong team
  • Excellent communication skills as demonstrated in general conversation, clear, complete responses to internal and external clients, formal presentations and written
  • Ability to effectively communicate with all management levels, board members, actuarial consulting firms and office
  • Strong problem solving and organization
  • A highly motivated and committed individual with an energetic and goal-oriented
  • Ability to work well under pressure and meet tight deadlines with an exceptionally high degree of
  • Ability to work on own initiative with minimal supervision to meet tight
  • Strong communication skills to be able to explain complex concepts to non-actuarial business
  • Programming experience including Excel, Visual Basic, SQL or actuarial modeling software
  • An excellent command of written and spoken
  • Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and
  • Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic
  • Focuses on solving conflict, not blaming; Maintains confidentiality; Listens to others without interrupting; Keeps emotions under control; Remains open to others' ideas and tries new things.
  • Develops project plans; Coordinates projects; Communicates changes and progress; Completes projects on time and budget; Manages project team activities.
  • Assesses own strengths and weaknesses; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.
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