Actuary IV (US)

About the role

This experienced modeler role performs varied actuarial services including coding, building and maintaining actuarial models for pricing, reserving, forecasting, embedded values and capital calculations for Aflac Re Bermuda LTD (Aflac Re), a Bermuda domiciled insurer that provides reinsurance solutions.

Responsibilities

• Ensures accuracy and reasonability of the outputs from the models and is capable of customizing reports and analysis to explain the results at the level that is suitable for senior management.
• Recommends and implements enhancements to improve efficiency, documentation and model governance.
• Codes, parametrizes, and utilizes actuarial models to solve problems which may include: pricing, reserving/reserve testing, experience studies, business planning, or capital planning, and analyzes output from models for reasonability and generates reports.
• Makes adjustments and improvements to models, when appropriate and draws on extensive experience and judgment to plan and accomplish goals.

Requirements

• Proficient at coding models with at least one or more of the following applications (Excel, SQL, MG-Alfa, Prophet, AXISS).
• Strong familiarity with model governance, best practices and ability to implement independent model validation frameworks.
• 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.
• Some understanding of reinsurance.
• Strong written and oral communication skills.
• Strong internal/external customer service skills.

Qualifications

• 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.

Skills

• Technical Knowledge & Skill - Comprehensive.
• Project Management - Comprehensive.
• Communication - Comprehensive.
• Business Knowledge & Acumen - Advanced.
• Develops Actions - Comprehensive.
• Influencing - Advanced.
• Values Driven - Intermediate.
• Engages Employees to the Vision - Intermediate.

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, and an opportunity to purchase company stock.
• Leave: 11 paid holidays, up to 20 days PTO, state-mandated sick leave (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.