Description

Description

Responsible for complex actuarial projects and processes in product development, financial modeling, financial reporting, risk analysis, or data analysis, as applicable.  Performs the highest-level activities related to the application of advanced actuarial principles for insurance/finance. Leads teams in the successful completion of work associated with the development of actuarial models, databases, and methodologies. Responsible for all aspects of VA/RILA statutory modeling and reporting under VM-21, C-3 Phase II, and NY Regulation 213.

Essential Job Responsibilities

• Manages a larger team or multiple small teams:
  • Provides mentorship to staff on technical topics, processes, and the control environment.
  • Oversees the responsibilities of the team, assisting in setting priorities, assigning tasks and tracking progress.
  • Supports the management of problem resolution and breaking down barriers.
  • Manages the performance of direct reports by developing leadership skills, setting expectations, and providing feedback.
  • Advises on resource deployment and succession planning.
• Leads cross-functional and cross-departmental team meetings, meetings with senior management, and meetings with external parties.
• Communicates with actuarial associates at all levels, cross-departmental associates at all levels, and external parties, orally and in writing.
• Composes reports and presentations for senior management.
• Provides senior manager level review of proposed actuarial methodology changes, new product implementations, and the work product of project teams.
• Directs processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
• Drives initiatives for improving methods and procedures, as necessary, to increase efficiency and improve controls.
• Leads cross-functional and cross-departmental projects, creating project plans and assigning tasks.
• Finds issues, proposes solutions, identifies and secures resources to resolve.
• Directs the identification of risks and development of mitigating controls.
• Directs all aspects of VA/RILA statutory modeling and reporting under VM-21, C-3 Phase II, and NY Regulation 213.
  • Production of monthly, quarterly, and annual VA/RILA statutory reserves and required capital, including execution of the Model Audit Rule control framework over the processes.
  • Production of the VM-31 PBR Actuarial Report.
  • Serves as VA/RILA statutory model owner

Other Duties

Performs other duties and/or projects as assigned.

Knowledge, Skills & Abilities

• Expert knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
• Expert in one or more of insurance product lines (life, annuities). Advanced knowledge in one or more other lines.
• Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, or modeling). Advanced experience in at least one other key field of actuarial work.
• Firm understanding of all fields of actuarial work.
• Expert knowledge of several actuarial applications used by Jackson, such as SAS, Python, ALFA, etc.
• Understanding of industry advancements, best practices and technology initiatives.
• Ability to guide cross-functional and cross-departmental project teams to implement advanced changes to applications.
• Ability to envision process improvements and develop project plans to advance the processes.
• General to advanced understanding of several processes applied across the Jackson actuarial department.
• Ability to communicate highly analytical and complex ideas to broad spectrum of audiences, including external parties, both in writing and orally.
• Ability to design/direct/review effective formal reports and presentations for senior management.
• Ability to lead cross-function and cross-departmental team meetings.
• Ability to direct the efforts of a larger team or multiple small teams, assisting in setting priorities and overcoming obstacles.
• Ability to lead, coach, and mentor junior and manager level staff.
• Strong analytical and problem-solving skills with the ability to effectively resolve complex problems and issues.

Requirements

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required.
• 8+ years of actuarial experience and FSA or 12 + years of actuarial experience and ASA required.
• 10+ years of actuarial experience and FSA or 14+ years of actuarial experience and ASA preferred.
• 3+ years of management experience required.
• Variable Annuity experience strongly preferred.
• Continuing efforts to pursue Fellow of the Society of Actuaries (FSA) designation preferred.