We are looking for a confident Actuarial Consultant to join our incredible team at AAA Life Insurance Company in Livonia, MI.
Growing your career as a Full Time Actuarial Consultant is an incredible opportunity to develop exceptional skills.
If you are strong in critical thinking, planning and have the right initiative for the job, then apply for the position of Actuarial Consultant at AAA Life Insurance Company today!
Operating within the core values and operating principles of the organization, the Actuarial Consultant may have wide range of responsibilities that may include but not be limited to Valuation and reserving, asset liability modeling, economic capital modeling, cash flow testing, pricing & product develop, data analytics and data science, product management, underwriting and risk pricing. The Actuarial Consultant will be expected to interact with all areas of the company and as a leader to less experienced actuaries in the company. The actuarial consultant may be asked to serve in a formal management function depending on the needs of the company. The Actuarial Consultant will be expected to plan and organize short- and long-term activities necessary to achieve established goals with minimal supervision. The Actuarial Consultant is expected to stay current on the latest trends impacting life insurance and annuity business.
Position Responsibilities Financial Modeling Responsible for the development, enhancement, governance and maintenance of asset and liability models supporting all lines of life insurance and annuities. Must have experience using modeling software such as MG-ALFA. Models are used for Valuation, Corporate Planning, Investment Analysis, Cash Flow Testing, Principle Based Reserving, Reinsurance and other potential use cases. Pricing & Product Development Responsible for the pricing, modeling, filing, implementation, profitability analysis and assumptions of Life and Annuity products. Must have experience using pricing software such as MG-ALFA. Responsible for ensuring new products comply with various state and federal regulation and ensure that profitability objectives of new business are achieved. Valuation Responsible for managing all aspects of Statutory, GAAP and Tax valuation. Creates appropriate actuarial financial reporting to support finance department. Experience and/or knowledge of emerging changes to valuation including Principle Based Reserves and Long Duration Targeted Improvements is required. Product Management & Underwriting Innovation Responsible for analyzing inforce and experience study results with the goal of recommending strategies and modifications that support product profitability and new business sales objectives. This will be done using a combination of traditional A/E studies, statistical analysis and machine learning. Supports innovation of risk selection and risk pricing. Required Education and Certifications Bachelor's degree in actuarial science, mathematics or a related field. FSA Designation CERA Designation preferred Experience Required Minimum of ten years of experience in Life Insurance and/or Annuities Extensive experience with Microsoft Excel Experience managing large data sets and database software using Microsoft Access, SQL, R and/or Python Experience with modeling and pricing software such as MG-ALFA
For the states of California, Colorado, New York and Washington the pay scale is $127,995 to $191,993 and pay scales may vary based upon location.
Benefits of working as a Actuarial Consultant in Livonia, MI:
? Excellent benefits
? Advancement opportunities
? Advantageous package
