Actuarial Assistant, IFRS Valuation
Role: Actuarial Assistant
The Actuarial Assistant is an integral part of the IFRS Valuation team, responsible for producing, analyzing, and reviewing IFRS reserves and related financial information, including Best Estimate Liabilities (BEL), Risk Adjustment (RA), and Contractual Service Margin (CSM).
Overview:
This organization is committed to making a positive impact on the lives of its customers, partners, colleagues, and the communities it serves. As a leading provider of term life insurance, the company is dedicated to transforming its business through innovation and technology, offering products and solutions that help American families secure their financial futures.
The company is forward-thinking and passionate about its work, striving to achieve goals with energy and determination. It fosters a unique environment where work-life balance is possible. The dedication, hard work, and passion of its employees, along with career development opportunities, benefits, and employee activities, contribute to a positive workplace culture.
Responsibilities:
IFRS Valuation Processes:
- Possesses a thorough understanding of the IFRS 17 framework and key concepts (e.g., BEL, RA, CSM).
- Understands individual and team responsibilities for all monthly, quarterly, and annual valuation requirements, ensuring processes are completed within deadlines.
- Operates GGY-AXIS models and associated SQL processes to produce reserves and related financial metrics (e.g., BEL, RA, CSM, Stress & Scenario Testing (SST)), in accordance with IFRS requirements and actuarial principles. Reviews results and conducts relevant analyses. Compiles information for regulatory disclosures as needed.
Qualifications:
- 3+ Society of Actuaries exams and active exam progression.
- 2+ years of life insurance/actuarial experience, including valuation.
- Experience maintaining controlled production processes.
- Understanding of life insurance products and related risks.
- Technical knowledge of key reporting bases (IFRS17 preferred).
- Actuarial software skills (GGY-AXIS experience preferred).
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