Our reinsurance client has an immediate vacancy for an Actuarial Associate in their Jersey City office, reporting to a Vice President. The Actuarial Associate will be a key member of a dynamic team responsible for risk management of life and annuity reinsurance business. Primary focus is on database maintenance and risk management of variable annuity guaranteed benefits.
Analysis and reporting of risk components through development and maintenance of stochastic simulation models, which includes updating and running weekly, monthly, and quarterly production valuation models, compiling results and producing analytic summaries of the results.
Database maintenance and reporting using SQL to merge and query data. Also modify and write VBA code to work with various files and to query data. Report on large amounts of data using SQL Server Integration Services. Support other aspects of the life reinsurance business, including financial modeling, pricing, experience studies, and performing sensitivity testing.
Associate of the Society of Actuaries or near-ASA;
A minimum of 2 years of relevant actuarial experience in an actuarial role in the U.S. life (re)insurance markets, including a minimum of 2 years of experience working with variable annuities;
Expertise with computers, modeling and Excel spreadsheets. MoSes knowledge desirable.
Familiarity with stochastic modeling and economic scenario generators is a plus
Strong communication skills