The Retirement Solutions Division (RSD) is seeking an Assistant Actuary to join its Actuarial and Quantitative Modeling (AQM) team. The AQM team develops models and applications which provide for the pricing, valuation, hedging and risk management of annuity products across RSD. We combine technical expertise with a strong understanding of the underlying business, in partnership with all stakeholders. Alongside our quantitative responsibilities, our strategic goal is toward a more efficient, robust and insightful modeling environment. We align our processes with firm-wide guidelines for model and operational risk management.
In support of the companys rapidly growing $20+ billion Fixed Annuity business, you will be a highly visible member of a team of Actuarial Analysts responsible for providing modeling solutions to business requests emanating from Pricing, ALM, Valuation, Business Planning and Asset Adequacy Testing.
Initiate and conduct multi-channel discussions with various stakeholders including Product Design, ALM, Valuation and others to understand business requirements and to develop solutions.
Proactively evaluate and recommend modeling strategies and potential approaches, to find solutions that best address business needs.
Adopt the company principles and requirements pertaining to Model Risk Management and Assumption Governance by supporting company activities around model risk, model documentation, model consistency and transparency.
Support the continued enhancement of the Moses models, while contributing to efforts to evaluate a successor to Moses and migrate the models to it over the long-term.
Support independent periodic model review initiatives.
Support Ad-hoc projects as needed.
Mentor junior staff and possibly manage interns from time to time.
FACTORS FOR SUCCESS:
Bachelors Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related field is preferred.
Associate of Society of Actuaries (ASA)
3+ years of actuarial experience, preferably with annuities.
Experience with valuation requirements, financial reporting and accounting principles.
Strong quantitative, analytical and problem-solving skills.
Self-starter with ability to develop solutions by collaborating with multiple business partners; customer focus
Excellent organizational, interpersonal and communication skills
Experience working with C++, Excel and VBA, as well as SQL. Knowledge of Python, R, Matlab, or grid computing would be advantageous.
Experience working in actuarial modeling systems such as Moses, MG-ALFA, GGY Axis or Prophet is preferred.
|Date Posted||November 7, 2018|
|Date Closes||December 7, 2018|
|Located In||Newport beach, CA|