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Job:
# 4012 |
Life Actuary |
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Senior
Area |
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Associate Actuary |
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Region:
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North East |
State: |
NJ |
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Experience: |
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Credentials: |
ASA |
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Salary: |
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$97,000 |
Max: $ |
Bonus: |
0-35% |
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Description:
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Part of Individual Annuity Hedging team in the Actuarial unit, responsible for the analysis and updating of key liability measures for variable annuity capital market guarantees to facilitate the hedging of these risks. In addition, responsible for providing the analysis to support the modeling of the hedging strategy for the valuation group for cash flow testing, RBC C3 Phase2, Economic Capital (EC) and planning. Also, responsible for providing the monthly GAAP FAS157 embedded derivative liability values. The unit plays an important role in the product development process for variable annuities by providing analysis and option costs for new variable annuity capital market guarantees being considered. Will serve in IA Hedge team's valuation sub-group, which is responsible for supporting monthly, weekly, and daily liability valuation and providing supports for enterprise wide EC project. This position will also be required to aid in the development of a robust attribution analysis for liability value movements and streamline the EC valuation process. This is an exciting opportunity for this position to have an influence on the development of the hedging program. Ideal applicant will have 3-5 years of actuarial experience, ASA desired. Advanced skills in model building using Access and Excel (VBA). Strong quantitative and analytical skills. Prior experience with TAS, MG-Hedge or similar actuarial modeling software would be helpful. Prior variable annuity and/or hedging experience is desired. Must be willing to quickly develop in-depth knowledge of annuity product designs and optional benefit features as well as capital market instruments (options, swaps, futures, etc.) and hedging concepts.
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