Life Actuary (COLI/BOLI) - (US-OH-Columbus)
Life Actuary (COLI/BOLI) - (US-OH-Columbus)
Compensation: $140K - $150K / Year
Minimum Education: Bachelors
Job Type: Full Time
Jobcode: N2201922019
Experience Required : 5 - 10 years
Degree Required : 4 Year Degree
Qualified candidates will be a Fellow of the Society of Actuaries.
Qualified candidates MUST have strong life insurance product knowledge (mortality rate, modeling, pricing, etc.).
Experience with COLI or BOLI.
PAID RELOCATION AVAILABLE
Applies proper actuarial principles and techniques to all aspects in the design, pricing, administration and reporting of individual life, annuities, health or group insurance products. Works in conjunction with other departments in response to changing market conditions and net market opportunities. May supervise actuarial students for assigned product.
JOB RESPONSIBILITIES:
1. Price life insurance products for corporate purchasers using a variety of profitability metrics, including sensitivity analysis. In addition to UL and registered variable products, customized private placement variable products are prevalent. This involves working in a team environment with sales, marketing and business development staff.
2. Perform risk analysis of life insurance products on a stochastic basis, using varying policy owner behavior and economic scenarios. Currently, this relies on developing models using ALFA software. This involves presentations to the corporate risk management committees.
3. Support filing of policy forms and disclosure documents, providing certifications as required.
4. Perform experience studies on pricing assumptions.
5. Provide illustration support for life insurance products.
6. Perform acceptance testing of life insurance administration systems.
7. Assist financial reporting staff in developing forecasting models for new life insurance products.
8. Provide support to underwriting staff as needed.
9. Participate in establishing business strategies.
10. Support new product training for sales and operations staff.
11. Manage a staff of actuarial professionals.
JOB REQUIREMENTS:
Education/Knowledge:
Achievement of Fellowship in the Society of Actuaries. Membership in the Society of Actuaries and American Academy of Actuaries. 1-2 years at the new FSA level.
Experience:
8-10 years related experience (e.g., pricing, actuarial, product) or combined experience and educational equivalent. Previous management experience.
Knowledge:
Mastery of standard actuarial methodologies and insurance concepts. Displays command of legal and regulatory requirements in area of assignment as well as pricing procedures and methodologies. Demonstrated ability to manage people and projects.
Skills and Competencies:
Demonstrated work product accuracy. Effective verbal/written communication skills; Demonstrated ability to comprehend actuarial concepts and other advanced statistical concepts; Demonstrated ability to think logically and perform actuarial methods in a timely manner. Leadership ability when functioning in a management role.
Candidate Must Have :
* Candidate must be an FSA (Fellow of the Society of Actuaries)
* Candidate must have life product knowledge (mortality rate, modeling, pricing, etc.)
* Candidate must have experience with COLI or BOLI
Email resume in Word to thebiggamehunter@cisny.com. Please include the job code for the position with your resume.
NO RELOCATION. NO VISA TRANSFERS. NO OVERSEAS RESUMES. NO 3RD PARTIES.
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posted by Unknown at 7:26 PM
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