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Assistant Actuary, Pricing / Modeling

  • Job type: Permanent
  • Location: Boston
  • Salary: $120000 - $170000 per annum
  • Job reference: JC2121
  • Sector: Pricing, Commercial, EPM Scientific
  • Date posted: 28/06/2017
Assistant Actuary, Pricing / Modeling (3+ years)


My client has a great new opportunity for a Pre-ASA to ASA actuarial assistant with around 3+ years experience in the Life/Annuity Insurance industry. 


Responsibilities Include:
  • 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; and
 


 


Skills & Experience Required:
  • 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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