Assistant Actuary- Modeling
Position: Assistant Actuary - Modeling
Location: Remote or Hybrid (depending on proximity to an office)
A prominent financial services organization is seeking an experienced and driven Assistant Actuary - Modeling to join its Corporate Actuarial team. This role is ideal for a results-oriented professional with advanced actuarial modeling expertise and a strong understanding of industry standards and practices.
As a key contributor, the Assistant Actuary will lead model development efforts, support strategic risk management, and provide insights that drive sound business decisions. The position also plays a vital role in shaping project initiatives and enhancing business processes across the actuarial function.
Responsibilities include:
- Leading the development and testing of Prophet models across various product lines, while ensuring compliance with model risk management policies and coding standards
- Running and analyzing recurring model applications such as Asset Liability Management, ORSA compliance, Cash Flow Testing, Liquidity Testing, and Financial Forecasting
- Documenting modeling decisions, processes, and methodologies to ensure transparency and consistency
- Conducting stress testing and scenario analysis to support strategic planning
- Compiling and interpreting data using actuarial techniques and statistical methods
- Maintaining and validating actuarial models for designated purposes
- Implementing procedures to meet regulatory and governance requirements
- Responding to internal and external requests for actuarial analysis and insights
- Mentoring junior actuarial staff and collaborating with cross-functional teams on business initiatives
Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field (or equivalent experience)
- 2-4+ years of actuarial modeling experience, ideally with indexed life and/or annuity products with living benefits
- Strong proficiency in Prophet software preferred
- Associate or Fellow of the Society of Actuaries; Member of the American Academy of Actuaries
- Advanced understanding of insurance products, actuarial theory, and industry regulations
- Exceptional analytical skills and attention to detail
- Strong documentation and communication abilities
- Ability to work independently and collaboratively in a team environment
This is a high-impact role offering flexibility, professional growth, and the opportunity to contribute meaningfully to the organization's financial strategy.
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