Assistant Actuary (Valuation)-7784
Insurance company on the West Coast has a need for a Valuation Assistant Actuary for their Retirement Solutions Division. The incumbent will be responsible for supporting financial reporting and valuation projects, and managing the company’s variable annuity reinsurance agreements. The role will include: supporting statutory and GAAP financial reporting, managing or support variable annuity valuation projects, consulting and providing support on emerging industry regulations by participating in relevant industry groups and providing analysis and modeling support to understand impact on products and financials, managing relationships with external reinsurers, maintaining reinsurance agreements and responding to questions and data requests, managing captive reinsurance program, producing or reviewing financial statements and dashboard, and organizing operations meetings, calculating reinsurance cash settlements for internal and external reinsurance agreements. Candidates should be at the ASA level with 4-6 years of actuarial experience working towards FSA. Working knowledge of variable annuities with guarantee benefits is a plus. Working knowledge of annuity reinsurance, US GAAP and AG43 reserves is a plus.