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Actuarial Assistant: Pricing and Modeling

  • Job type: Permanent
  • Location: Boston
  • Salary: $93000 - $126000 per annum
  • Job reference: jdc82130
  • Sector: Insurance, Actuarial, Selby Jennings
  • Date posted: 25/01/2018
Assistant Actuary, Pricing & Modeling 3 years experience required


My client has a great new opportunity for a Pre-ASA (minimum of 4 exams passed) to ASA actuarial assistant with around 3 years experience in the Life/Annuity Insurance industry. 


Responsibilities :
  • Work with the Product Development team to develop detailed models and financial projections of new product offerings.
  • performing analysis and testing on newly developed products, and perform financial projections on partner reinsurance company proposed costs.
  • Maintenance and documentation of actuarial assumptions, pricing standards, and models;
  • Tracking and reporting experience on actuarial assumptions to provide a validation to current pricing assumptions and emerging profitability trends on existing business;
  • Analyzing and critiquing client company pricing assumptions and methodologies;
  • Interacting with investment and risk managers to appropriately construct and implement investment portfolios for use in pricing;
  • Participating in negotiating and developing reinsurance contracts
 

Requirments:
  • Bachelor’s degree or higher in Actuarial Science, Mathematics, Statistics, or related field (Master’s degree is preferred)
  • A minimum of 3 actuarial exam passes, or an Associate of the Society of Actuaries (ASA) and around 3 years of life Insurance experience
  • Actuarial projection and valuation software experience is essential with MG-Alfa knowledge preferred
  • Experience in product development and/or pricing of Annuities (ideally, fixed rate and indexed annuities)
  • programming skills in VBA, SQL will be an advantage
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