Hi, are you looking for Associate Actuary jobs in West Chester, PA ?
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Company name : Venerable
Location : West Chester, PA
Position : Associate Actuary
Description :
This position plays a key role in determining Venerable’s variable annuity assumptions used to model mortality and policyholder behavior. The individual’s primary responsibilities will be monitoring experience trends, recommending assumption updates, and presenting recommendations to senior leadership for select deferred and payout variable annuity assumptions as well as playing an integral part in the transformation of Venerable’s assumption setting processes.Primary responsibilities include:
Interpret trends in experience data and propose assumption recommendations with rationale
Types of riders are GMDB, GMIB (Traditional and Hybrid), GMWBL, GMWB and GMAB
Assumptions may include deferred mortality, payout mortality, lapse, partial withdrawals, GMIB annuitizations and GMWB utilization
Drive for accuracy, consistency, and improvements within various experience studies
Ensure that any changes to experience study processes, particularly those in spreadsheets, are incorporated appropriately as transparent and repeatable processes with controls
Develop and present decks and detailed memorandums seeking assumption proposal approval from senior management
Contribute to the timely and accurate reporting of mortality and policyholder behavior experience
Maintain updated documentation on all processes
Collaborate with the modeling team to implement recommended assumptions into models
Support the development of experience studies from historical transaction and inforce policy data, including financial controls and reconciliations, as needed
Support structural, design and process improvements to experience studies through partnering with IT and outside vendors on prioritized transformation projects
Provide support for internal and external audits, including walkthroughs and responses to questions from auditors
Potential for management responsibility for one actuarial student or co-op
Interact and collaborate with highly skilled staff both internally (e.g., IT, Valuation, Finance) and externally (e.g., modeling outsourcing partner
Key Qualifications:
Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline
ASA, Career ASA or newly credentialed FSA
5-6+ years financial, insurance industry, or actuarial experience
Excellent computer skills are required: Advanced knowledge of Microsoft Excel, proficient in SQL Server, Microsoft PowerBI, R, or Python, experience with Microsoft PowerPoint is a plus
Strong written and oral communication skills are required
Ability to analyze and propose solutions for a range of technical actuarial issues
Experience with improving and optimizing processes and reflecting appropriate controls
Prior experience with variable annuity products preferred
Ability to work in a cross-functional team environment
#LI-DP1
Venerable Values:Every position at Venerable has responsibility for living out the company’s values as described here:
We are Courageous – We think critically, ask “why?” and seek out creative solutions.We are Curious – We take calculated risks, learn from out failures, and challenge traditional ways of thinking.We are Connected – We are connected to each other, our customers and our community.
Location: PA-West Chester – Dunwoody Dr, West Chester, PA
Job Type: Full-time
Disclaimer : all data is sourced from indeed and we are not responsible for any error
