Actuarial Analyst/CFT Production

POSITION OVERVIEW:

This position, located in the Boston, MA office, will support the execution and testing of models, especially Cash Flow Testing (CFT) models for the Annuity, Life Insurance business. The candidate will work with the Model Production team to execute and test the Cash Flow Testing models, review and analyze results.  The candidate will work closely with Model Development in testing models, and with Appointed Actuary and Cash Flow Testing team in producing quarterly Cash Flow Testing results.

RESPONSIBILITIES: 

• Performing accurate quarterly Cash Flow Testing Integrate production runs for Retail and Institutional Life & Annuities. The responsibility includes, but not limited to, preparing all the input files, executing Cash Flow Testing Integrate runs, validating the Cash Flow Testing model input and output, and performing high level results analysis from model prod point of view
• ilding Cash Flow Testing production control process
• Maintaining evidence for SOX controls associated with the Cash Flow Testing production model runs
• Performing Cash Flow Testing model runs to test model updates implemented by the Model Development team.
• Performing Cash Flow Testing model runs to provide Cash Flow Testing team with Cash Flow Testing impacts from any model changes and supporting the review and approval of those changes if necessary
• Supporting audit and regulatory requests related to Cash Flow Testing Integrate runs.
• Supporting the Model Production team on other monthly/quarterly GAAP and STAT reporting deliverables, if necessary

QUALIFICATIONS

• Bachelor’s degree in actuarial science, Mathematics, Statistics, Finance or other related fields
• 2+ SOA Exams passed
• 0-2years of actuarial experience in the life insurance and retirement industry
• Knowledge of life and annuity products, US Statutory and GAAP valuation is preferred
• Understanding of assets and ALM modeling is preferred.
• Experience with actuarial software, especially MG-ALFA, is helpful
• Familiarity with programming languages, mainly VBA and Python, but any programming is useful.
• Strong communication, technical, and analytical skills
• Takes personal accountability for the execution of goals and objectives.
• Able to participate in the generation of new and unique ideas.
• Has positive attitude necessary to be part of a strong performing team player.

“To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.”

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