Legal & General America

  • Actuary, Model Development

    Job Locations US-MD-Frederick
    ID
    2018-2014
    # of Openings Remaining
    1
    Category
    Actuarial
  • Overview

    At Legal & General America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live.  As a recognized market leader of term life insurance, we’re working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

     

    We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals, and challenging ourselves to achieve more.  We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

    Responsibilities

    1. Fulfilling requests from internal stakeholders and model users for model changes/corrections/enhancements. Ensure implementation of model changes complies with modeling spec, satisfactory standards, and timeframes.
    2. Working collaboratively with FP&A on Planning during the Planning season.

    3. Communicate with all stakeholders to ensure that models built will appropriately reflect the product designs, the risk of business, and fit for the purposes of all the modeling requirements. Customize AXIS reports and reporting tools to produce the required model output.
    4. Be responsible for ongoing model maintenance, version upgrade, process improvement, model documentation, and implementing new deals in the models on a timely basis.
    5. Implement IFRS17 for the PRT model working with the IFRS17 implementation team.
    6. Run models or assist in modeling for all the production work requirements depending on resource needs.
    7. Ensure model governance and control is maintained around production models, to prevent unauthorized changes and ensure integrity of model results. Maintain detailed documentation of all changes made to models, including impacts under key reporting bases and evidence of all the required approvals.
    8. Peer review AXIS models developed by other developers.
    9. Other duties as required.

    Qualifications

    Education

     

                BS/BA Math/Statistics.

                Fellow, Society of Actuaries

     

    Experience/Knowledge

     

    • 7 years of life insurance/actuarial experience
    • Pension buyout or payout annuity experience strongly preferred.
    • Model development or modeling experience. 
    • Experience in multiple accounting methods (statutory, IFRS4, IFRS17, economic capital, Solvency II) preferred.

     

     

    Skills

     

    • Actuarial software skills – GGY AXIS experience is a key requirement (datalink coding experience required), MG-ALFA experience is a plus
    • Spreadsheet and database capabilities (Excel, MS Access, and SQL)
    • Strong actuarial analytical skills and problem solving ability
    • Strong written and oral communication skills
    • Ability to multi-task in a deadline-oriented environment             

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