Job Details

Description

Our client is seeking a Director & Actuary to join the Pension Risk Transfer Earnings Analysis team. Reporting to the SVP of Pension Risk Transfer Pricing, this role supports the company's PRT goals by providing analysis to ensure key financial KPIs align with underwritingobjectives. The position will develop essential dashboard infrastructure to explain variances between underwritten and actual results, considering factors such as portfolio construction, capital allocation, expenses, overhead, taxes, and reserves. Acting as a representative of the PRT business across the organization, this individual will work closely with stakeholders in FP&A, accounting, valuation, and investment management. The role will help shape pricing strategy through earnings analysis insights and may also support core PRT pricing during periods of high bid activity.

Duties:
Lead the analysis of normalized GAAP and STAT earnings to help senior management understand the profitability and capital generation of the PRT business. Minimal management oversight, review and guidance will be required.
Effectively applies fundamental actuarial principles
Prepare and communicate findings to various stakeholders in the business and c-suite
Ad hoc support for core pricing team during high volume periods
Stays updated on evolving standards that impact the business including LDTI, PBR, and government regulation
Evaluate strategic options for the PRT business including but not limited to longevity reinsurance
Evaluate financial statement adjustments, normalization techniques, capital and expense allocations for impact on PRT KPIs, with guidance from PRT business leaders advocate for changes as appropriate
Develop STAT to GAAP earnings walk and source of earnings analysis
Own plan and forecast for the PRT business
Collaborate with investments to optimize target asset allocation and investment strategy
Trains less experienced analysts with spreadsheets, databases, and sources of data used in actuarial analyses
Potential for future direct reports and responsibilities as role expands

Qualifications:
A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
Six to eight years of experience.
Additional Qualifications:
The ability to demonstrate sufficient progress in understanding and applying basic actuarial principles is required
Attainment of a fellowship designation. Performance and years of experience may be considered in lieu of Fellow of the Society of Actuaries (FSA) attainment.
At least six years of actuarial analysis.
Insurance industry experience including knowledge of financial statements
Knowledge of Group Annuities and/or Pensions preferred
Experience in Pension Risk Transfer or Pensions preferred

To apply please email: Matt Doman | 630-###-####