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Job:
# 4013 |
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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Position within the Individual Annuity (IA) area in the Economic Capital group within Actuarial. Responsible for supporting the implementation and maintenance of a risk measurement framework for all of the IA business. This includes supporting the project to develop and implement an Economic Capital framework for all business units. Economic Capital is a new initiative, thus providing a unique opportunity to help shape corporate view on how to value Economic Capital. IA is a one of the fastest growing units with about $75 billion assets under management. IA business consists primarily of Variable Annuities. Will work with all of the IA business including the VA business, the hedging assets, and the fixed annuities. This person will be responsible to conduct Economic Capital valuations for IA utilizing ALFA and Hedge models and market consistent assumptions, perform actuarial analysis of Economic Capital including attributing the changes from period to period and document the valuation processes according to the Corporate guideline. Ideal applicant will have Actuarial-related programming and modeling experience, Strong quantitative and analytical skills, Strong project management skills, Prior experience with TAS, MoSes, MG-ALFA, MGHedge or similar financial modeling software, Prior variable and fixed annuity 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. ASA to FSA desired.
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