Senior Actuarial Analyst

Boston, MA

Employer:	AAA Life
Job Type:	Full Time
Description
Overview Operating within the core values and operating principles of the organization, the Senior Actuarial Analyst is responsible for developing and maintaining actuarial functions relating to product development, reserve valuation, financial reporting, forecast cash flow testing, and reinsurance. Responsibilities Pricing and Product Development: Develops and updates pricing models using MG-ALFA actuarial software. Develops and validates pricing assumptions. Tests rates for reasonableness. Creates reports/analysis for management review. Valuation and Financial Reporting: Calculates and validates statutory, GAAP and Tax reserves and related items. Assists in preparation and analysis of financial statements. Understands financial forecast model, and updates model and produces results as needed. Runs experience studies, analyzes results, and updates assumptions as needed. Financial Modeling and ERM: Understands all phases of actuarial modeling using MG-ALFA, and can make system modifications as needed. Creates and maintains management level reports related to investment and interest crediting management. Understands ERM model process and can handle all aspects of running the model. Qualifications Bachelor's degree in Actuarial Science, Computer Science, Mathematics, or related field. Completion of 3 to 4 Society of Actuaries exams. Minimum 18 months experience in the actuarial field. Strong analytical and problem-solving skills. Experience with an Actuarial modeling system. Previous experience programming in Access and proficient in Excel. Ability to: Identify improvements and enhance routine functions such as financial reporting. Program and test in Access and SQL Server database environments. Analyze results for reasonableness. Learn company operations, systems and actuarial methodologies quickly.

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Senior Actuarial Analyst

Boston, MA

Description