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 Actuarial Assistant

Details
Country: USA
Location: New York-Long Island Long Island
Total applied: 40
Job Category:Accounting/Finance/Insurance
Location:Long Island, NY
Status:Full Time, Employee
Occupations:Actuarial Analysis
Career Level:Experienced (Non-Manager)
Actuarial Assistant

Actuarial Assistant opening in Southeast. Responsibilities include: maintain/enhance inhouse developed projection software to support annual budget and quarterly financial reforecasts for Domestic Life business; establish linkage of assumptions to projections for embedded value, value of new business, cashflow testing, and VOBA/DAC recoverability; thoroughly document inputs and assumptions for financial projections to ensure transparency and clear communication to management; identify key drivers/risks to projected earnings; explain emerging actual/expected financial results vs. financial projections; participate in the rollout of new releases of the Mortality & Lapse Experience Study semi-annually; perform analysis to align claims with matching policy coverages; perform data quality review for new client companies as they are brought into the experience study; assist in the quarterly analysis of renewal premiums for the Domestic Life product line; validate consistency between premium recognition and valuation; identify anomalies for follow up by accounting and actuarial staff; perform ad hoc analyses to support inforce business performance reviews, client negotiations, and client dispute resolutions; complete special assignments and projects for the department as necessary; utilize technology to streamline job functions, decrease cycle times, and improve accuracy and communication of results. Ideal candidate will have 2-5 actuarial exams passed; 2-5 years of relevant actuarial experience; Statutory, Tax and GAAP reporting experience; and good knowledge of FAS60 and FAS97 accounting requirements. Salary $open.

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