Actuarial Executive

Key Accountabilities
• Calculates actuarial best estimate reserves (loss and premium), planning, and profitability analyses for defined segments of insurance business.

• Performs research, loss emergence studies, and other statistical analyses.

• Ensures that the claims provisioning processes for assigned tasks are appropriately governed in accordance with Group, Regional, and Local regulatory policies.

• Calculates pricing or rate indications for new/renewal business, and assist in price monitoring, planning, and profitability analyses for defined segments of insurance business.

• Performs research, experience studies and other statistical analysis.

• Prepares premium rate filings, schedules of statistics/statistical analyses, and financial statements.

• Tests and maintains pricing models and tools. • Performs experience investigations and data validation.

• Establishes and runs actuarial cash flow models for use in actuarial reporting.

• Provide support for calculation of statutory reserves and financial valuations.

• Provides product development and pricing support.

• Executes and tests pricing models.

Additional Job Functions
• Solves problems on portfolios with a limited level of complexity / diversity.
Business Accountabilities
• Provide basic actuarial services in order to fulfill routine business requirements.

• Performs statistical analysis, model and analyze data and develop models/programs for model building and analyses; interpret results of models and analyses.

• Compile and categorize data, documents and verify factors and assumptions used in computations to ensure robust output.
• Develops risk based capital models as well as parameterization and allocation activities to support actuarial services.

• Participate in the evaluation and review of new/proposed processes and systems, where analysis is conducted to support the implementation of upgraded systems.

• Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to build value-adding, relevant technical knowledge.

• Work with actuarial colleagues in becoming familiar with company operations, business objectives and actuarial methodologies in order to be able to provide analytical support across an increasing breadth of scenarios.

• Actively pursue local actuarial qualification and demonstrate consistent progress towards designation in order to maintain the talent pipeline for Actuarial.

Performance Management Accountabilities
• Model behaviors that demonstrate commitment to corporate values.

• Provide input into performance management discussions of project team members

• Educate team members and business partners on area of technical expertise.

• Provide guidance and support for team members.

• Take action to manage own personal development and encourage others to do the same.

Required
Bachelors degree (or equivalent) in Computer Science, Economics, Engineering, Mathematics/Statistics, Other, Sciences and No prior experience required