Senior Actuarial Assistant (Pension Risk Transfer)-7830
Financial Services organization in the Northeast has a need for a Senior Actuarial Assistant in the Pension Risk Transfer area. The incumbent will significantly contribute to the PRT pricing unit. The role involves reviewing unique deal risks, modeling data, and efficiently producing financial results. This function will utilize internal actuarial software packages and proprietary mortality models in compliance with risk controls and overall company governance. Specifically, the role will entail: assisting with the development of US pricing and deal structuring capability for the issuance of US pension risk transfer business, working with the company longevity team to recommend the appropriate mortality and demographic assumptions to incorporate into the overall pricing basis, research and development, developing and enhancing actuarial models, performing liability modeling, working with team members to secure necessary approvals of proposed transaction pricing from internal risk and oversight committees, providing pricing analytics to facilitate confident decision-making for PRT transaction execution, learning and adapting new pricing software, to improve efficient PRT case pricing management. Candidates should have pension plan administration, retirement benefits, annuity or financial experience, an understanding of pensions, annuities and life insurance products for the role. Additionally, candidates should have the ability to understand complex quantitative concepts and actuarial models/software, and the ability to communicate clearly and effectively with executive-level staff, both internal and external.