Actuary IV (US)

About the role

Aflac Re - Bermuda is seeking an experienced modeler to join our team. This role requires proficiency in coding models, building and maintaining actuarial models, and ensuring accuracy and reasonability of outputs.

Responsibilities

• Conducts analysis, pricing and risk assessment to estimate financial outcomes in complex actuarial situations
• Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations
• Works extensively with other departments to complete assignments on schedule
• Focuses on automation, streamlining and process enhancement to increase efficiency and adhere to best practices and internal controls
• Communicates clearly and succinctly the findings of actuarial work to managers, executives, and external parties
• Develops, enhances, and maintains an interactive asset and liability model
• Performs ALM stress testing and scenario analysis
• Led model validation and audit-ready documentation efforts, ensuring compliance with local and internal regulatory requirements
• Provides support to Aflac Inc. or its affiliates as requested

Requirements

• Bachelor’s Degree in Actuarial Science, Mathematics, Computer Science or a related field
• An FSA designation from the SOA (required) and a minimum of 5 years of experience working in the actuarial field or an ASA designation from the SOA (required) and a minimum of 8 years of experience working in the actuarial field
• Currently a candidate in or qualified to become a candidate in the Aflac Actuarial Development Program (ASA and recent FSA)
• Hands-on modeling experience in ALM modeling and/or capital modeling
• Experience with Bermuda (re)insurance regulatory frameworks or other jurisdictions that adopt market consistent approach to reserve and capital methodology

Qualifications

• Extensive expertise with reserve and capital methodology and working knowledge under market consistent regimes
• The ability to adhere to Aflac and Aflac Re policies and procedures
• Strong written and oral communication skills
• Strong internal/external customer service skills

Skills

• Proficient at coding models with at least one or more of the following applications (Excel, SQL, MG-Alfa, Prophet, AXIS)
• Strong familiarity with model governance, best practices and ability to implement independent model validation frameworks

Benefits

• Total Rewards: Salary range $110,000 to $140,000
• Benefits: Medical, dental, vision, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies, 401(k) plans, annual bonuses, stock purchase option
• Leave: 11 paid holidays, up to 20 days PTO, Washington employees accrue 1-hour sick leave for every 40 hours worked, and other leaves of absence, if eligible

Pay

$110,000 to $140,000

Schedule

Hybrid schedule with 60% in-office and 40% remote work