Actuarial Analyst - New York, Ny #11122

Title: Actuarial Analyst
Industry: Insurance
Location: New York, NY (2 days in the office/week)
Salary: $120K - 170K (DOE)
Principal Duties & Responsibilities
- Support the development of economic based performance measures for Protective Life Corporation (PLC), which is a fellow subsidiary.
• Embedded value(EV), Value of New Business(VONB), Economic Solvency Ratio(ESR), Insurance Capital Standard(ICS), etc.
- Communication with PLC on the development (if needed)
• Currently, PLC measures EV and VONB using a Top-down approach.
• PLC plans to change EV and VONB to Bottom-up approach, ESR to a method similar to ICS.
• Advise PLC on how to calculate new performance measures.
- Analysis of differences between old and new performance measures.
• Find out what the main factors are that causes the measures to increase/decrease.
- Analysis of information from PLC regarding the issues above
• Cashflow analysis
• Validate PLC’s work on templates of EV/ESR/ICS etc.
• Analyze more detail based on data from PLC
e.g., what kinds of risks of how much risks each business line or products has
- Analysis of business performance of PLC on an economic basis
• Discuss with PLC how to improve business performance on economic based measures.
• Discuss and determine with PLC to reflect action plans to improve business performance on economic based measures.
- Support the establishment of measurement system
• documentation, system, process, internal control, etc.
- Reporting to management incl. CEO, COO on the above issues
- Discuss and consult on the above issues.
- Other related matters.
Education & Experience
• At least 5 years of experience as a life insurance actuary, all fields of pricing, valuation, risk management, etc. are acceptable.
• At least 1 year of experience with EV or some other cash flow system (Prophet, Risk Agility, MGAlpha, etc.)
• Associate of the Society of Actuaries or Fellow of the Society of Actuaries is required.
* Fellow status of actuarial institutes in other countries, e.g., UK, Australia etc., is also acceptable.
• Japanese Language is a plus.