Our Long-Term Care (LTC) modelling team is seeking an Associate Actuary to perform development, enhancement, and maintenance efforts on Prophet models. This is an intermediate level position that requires significant technical expertise and relies on increasing business knowledge. While some review by a senior actuary is expected, this individual will take initiative in identifying and researching complex issues and requires a blend of analytical skills, technical expertise, and the ability to communicate complex concepts clearly. This position will participate in cross-functional initiatives to gain increasing business exposure and knowledge. Minimum qualifications include five years of relevant actuarial and modelling experience. There are no direct reports associated with this position.
Principal Duties and Responsibilities
- Optimize model capabilities and collaborate with key stakeholders to ensure our models are developed to deliver on a broad array of business needs.
- Gain a thorough understanding of existing models and lead future model enhancement efforts.
- Perform analysis of emerging experience, monitor marketplace and economic trends and review implications.
- Support development of analysis framework
- Recommend updated pricing, valuation or reserving assumptions
- Regularly communicate research findings and analysis to management
- Effectively work with any number of other cross functional/operational areas (e.g. underwriting, compliance, customer care) on specific initiatives.
- Depending on area assigned, develop pricing or valuation tools, prepare state filings, financial reports and tax returns.
- Act as mentor for student actuaries and interns
- Prepare routine reports
- May perform other duties as assigned
Job Specifications
- Bachelors degree required
- A minimum of five years of relevant actuarial and modelling experience.
- Associate in the Society of Actuaries preferred.
- In-depth knowledge of modelling using Prophet.
- Strong knowledge of SQL and Excel. Experience with Alteryx and Tableau is nice to have.
- Experience with Long-Term Care or a long-term duration product is a plus.
- Excellent problem solving ability and project management skills.
- Intellectual curiosity and ability to quickly learn new concepts.
- Solid written and verbal communication skills.
- Demonstrated leadership ability.
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