Associate Actuary at American Financial Group

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Life InsuranceIndustries

Requirements

Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics, or equivalent discipline
FSA (Fellowship Study Award)
5+ years of actuarial experience within the Life Insurance Industry
Experience with Long Duration Targeted Improvements (LDTI)

Responsibilities

Lead Long Duration Targeted Improvements (LDTI) projects for the Life segment, including implementing and executing modeling and assumption updates
Perform complex reporting and analysis related to LDTI
Partner with various business partners and external consultants to support LDTI readiness
Collaborate with teams to create and design the future state of management reporting to explain reserve movements under LDTI
Provide dry run and parallel run support, including facilitating ledger intake templates, explaining results, and producing disaggregated roll-forwards
Assist in developing financial forecasts under LDTI
Work closely with internal audit to identify new process risks and develop and perform controls under LDTI
Assist in implementing LDTI under the modernization initiative
Assist with onboarding future Life blocks as a result of M&A activity under the LDTI framework
Participate in opportunities to lead cross-functional projects in an Agile work environment

Skills

Key technologies and capabilities for this role

LDTIFASB LDTIActuarial ModelingLife Insurance ProductsFinancial ReportingReserve MovementsFinancial ForecastingRisk ManagementM&A Onboarding

Questions & Answers

Common questions about this position

Is this position remote or onsite?

The position is onsite in NYC, NY.

What is the salary for this Associate Actuary role?

This information is not specified in the job description.

What are the key requirements for this position?

Candidates need a Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics, or equivalent, FSA (Fellowship Study Award), 5+ years of actuarial experience in the Life Insurance Industry, and experience with Long Duration Targeted Improvements (LDTI).

What kind of work environment can I expect?

The role involves participating in cross-functional projects in an Agile work environment.

What makes a strong candidate for this Associate Actuary position?

A strong candidate will have an FSA designation, 5+ years of life insurance actuarial experience, LDTI expertise, and a relevant Bachelor’s degree.