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Actuary - ASA/near-FSA level

Company: Kuvare Holdings
Location: Chicago
Posted on: April 11, 2021

Job Description:

This position is an integral part of the Actuarial team. The team covers an array of specialties including Life and Annuity Valuation, Modeling and Forecasting, Product Management, Asset Liability Management, and Enterprise Risk Management.
As a member of the Actuarial team, your day to day activities will be dependent on the function you are supporting and are expected to change throughout your employment, although such changes may be separated by several years. Examples include:
Valuation tasks

  • Prepare, monitor and analyze reserve trends monthly on GAAP, statutory, and tax accounting bases
  • Develop management reporting for existing business
  • Assist in preparation of Statutory Annual and Quarterly Statements
  • Update GAAP Excel models and organize results for management.
  • Lead efforts or assist in gathering information and analysis for external auditor inspections
  • Develop methodology memos, change memos, management presentations on topics as needed. Product Management tasks
    • Produce, present, and improve monthly business monitoring reporting
    • Provide insight and analysis to inforce experience trends
    • Produce and improve monthly crediting rate package and process
    • Coordinate with ALM and System on data and result analysis
    • Assist in the development and analyze annual Illustration Actuary testing models
    • Assist the service center on special policy illustration requests
    • Assist on Product related projects and requests
    • Develop management presentations on topics as needed. Modeling and Forecasting tasks
      • Build and review model inputs to support financial projection capability
      • Execute and monitor model projections including troubleshooting model calculations
      • Analyze model output ensuring accuracy with intended model purpose
      • Build and maintain tools to assist in result analysis.
      • Develop management presentations on topics as needed.
      • Oversee Senior Actuarial Associates, Actuarial Associates and possibly Actuarial Interns on technical model aspects. Risk and Investments tasks
        • Update quarterly stress testing results and compare versus risk appetite and limit
        • Monitoring investment portfolio to ensure compliance with guidelines and limits
        • Monitor asset and liability duration, report mismatches outside of tolerance
        • Prepare weekly hedging file, monitor hedge position and results
        • Where guidelines or limits are breached, recommend alternative remediation plans as needed
        • Develop management presentations on topics as needed. Ancillary Responsibilities:
          • Assist with analysis as new blocks of business are acquired.
          • Build efficiencies through programming solutions in all aspects of model input and output data manipulation.
          • Assist in the development and production of the Own Risk and Solvency Assessment.
          • Assess the impacts of an alternate investment or reinvestment strategy and recommend changes as needed.
          • Assist in the development of optimization macros and recommend methods to improve hedging and ALM efficiency.
            • BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
            • ASA designation
            • A minimum of 5 years of relevant full-time insurance actuarial experience is expected. Skills
              • Strong analytical and problem solving skills
              • Strong business and collaboration skills
              • Proficiency in MS Office (Excel, Access, Word, PPT)
              • Demonstrated ability with Actuarial software is a plus (e.g., MG-ALFA, AXIS)
              • Excellent verbal and written communication skills
              • Flexible can-do attitude
              • Passion to learn new things and design new solutions
              • Work both independently and as part of a team

Keywords: Kuvare Holdings, Chicago , Actuary - ASA/near-FSA level, Accounting, Auditing , Chicago, Illinois

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