Legal & General America

  • SAS Lead

    Job Locations US-MD-Frederick
    ID
    2019-2215
    # of Openings Remaining
    1
    Category
    Actuarial
  • Overview

    Responsible for building IFRS 17 functionality into SAS to meet all reporting requirements. Support the project execution and direct external assigned resources in the aggressive completion of the accounting hub build out. Provide appropriate analysis and insights to facilitate decision making for LGA leadership, and support the Head of IFRS 17 Development in all IFRS 17 methodology decisions impacting the SAS build with parent. Provide review and analysis of impacts for all model purposes as appropriate.

    Responsibilities

      1. Support the Head of IFRS 17 Development in the timely execution of corporate actuarial deliverables to support IFRS 17. These deliverables encompass, managing outside resources, SAS model development, model review & analysis, model governance and control, and other work efforts as determined by leadership to support Group’s approach to IFRS requirements.
      2. Liaise with model development, valuation, finance, investment modeling, financial planning, controller, IT, and the parent company to ensure models built using SAS or other software components are fit for the intended purpose and built according to the agreed model specifications. The model review methods should have diligence commensurate with the materiality and risks associated with the model purpose.
      3. Server as teams SAS System Administrator, managing user access and security model, system logging (issue triage & trouble shooting), and promotion & management of code cross environments
      4. Responsible for the integration of data across the solution, including supporting the mapping of data from staging to landing area and RFW solution, design, and configuration of data quality rules, design, and configuration of extracts and reporting data marts as required.
      5. Design, configure, and customize the CSM calculations. Design and configure SLAM, including Chart of Accounts, Accounting Rules, & Posting framework. Design and build the workflow process, running batch processes and checking outputs during development.
      6. Ensure required model reviews are performed and documented in a timely manner to satisfy all reporting and analysis obligations and to ensure sufficient time for model validation, user acceptance testing, MRCF model governance requirements, and all LGA policies and procedures.
      7. Perform appropriate sensitivities on models as requested.
      8. Help to automate procedures and processes outside of the SAS software to enhance accuracy and efficiency.
      9. Document and communicate clearly the results of review and analysis highlighting all potential issues to stakeholders, local management, Chief Actuary, and the parent company.
      10. Support the development of attribution analysis and investigation of drivers of IFRS 17 earnings and profitability and create comparisons to Statutory, GAAP, Tax, EC, SII, and EV reporting, and other analysis as appropriate.
      11. Other duties as required.

     

     

    Qualifications

    Education

                BS/BA

                FSA preferred

     

    Experience/Knowledge

                SAS modeling expertise

                IFRS accounting expertise

                5+ years of life insurance preferred

     

    Skills

                Proficiency with SAS required                  

                Experience with System Administration, Data Integration, & Design and Configuration                                      

                Strong analytical skills and problem solving ability

                Ability to multi-task in a deadline-oriented environment

                Proficient verbal and written communications

                Database/Spreadsheet capabilities (Excel, MS Access, SQL)        

                Actuarial software skills in GGY Axis desirable

                Economic Capital / Solvency II preferred

                Statutory, Tax, GAAP, & IFRS (especially IFRS 17)

                      

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