The Interim Actuary Manager of the Annuity Valuation Team will provide project support to help streamline and drive system conversion of Variable Annuity, Structured Annuity, and Fixed Index Annuity products. In addition, this role will support Annuity GAAP financial reporting and the company's transition to LDTI, which includes but not limited to supporting GAAP quarter close, analyzing reserve change and delivering regular and ad-hoc requests to various stakeholders (accounting, finance, reinsurance, audit, etc.).
Key Responsibilities:
* Support the Actuarial Transformation system conversion project for Variable Annuity, Structured Annuity and Fixed Index Annuity products
* Support quarter close activities for GAAP financial reporting of SIA and FIA products, including but not limited to - production run, attribution and sensitivity analysis, etc.
* Collaborate with pricing team on launching new products
* Analyze and test data for different streams of the project - admin data, valuation model input and output, reporting - using Excel, Access, and database tools like Alteryx
* Research and gain familiarity with relevant product features and actuarial guidelines
* Collaborate with various teams including - Model Development, VA ALM, Annuity Product, IT, Controllers
* Support emerging projects such as data system conversions and updating of processes and models for regulatory and accounting changes, such as LDTI
* Perform monthly reserve analysis to validate reserve changes, explain reserve changes and interpret financial trends
* Ad-hoc requests and business partnering with key stakeholders (accounting, finance, reinsurance, tax, audit, etc.)
Essential Business Experience and Technical Skills:
* Bachelor's degree in Mathematics, Statistics, Computer Science, or Actuarial Science
* 7+ years of actuarial experience required
* ASA designation required; FSA preferred
* Annuity experience preferred
* GAAP Financial Reporting experience preferred
* Experience with FIS Prophet preferred but not required
* Strong analytical, problem solving, and communication skills
* Positive attitude and ability to work with others in a team environment