Legal & General America

  • Actuary

    Job Locations US-MD-Frederick
    ID
    2019-2259
    # 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

    You will be responsible for the statutory, GAAP, IFRS, and external actuarial valuation processes for the protection business at Legal & General America. As a leader of this financial reporting function, you will work collaboratively with business partners across the organization to ensure your team’s deliverables are timely, accurate, and understood by all key stakeholders.  Detailed responsibilities for this role include:

    1. Manage efficient completion of all actuarial valuation deliverables for LGA by appropriate timelines. Ensure work is performed in line with company standards.
    2. Provide status of key team deliverables to Actuarial / Finance leadership, UK / parent company, and regulators. Coordinate with internal and external parties to identify, manage, and resolve potential risks challenging deadlines.
    3. Prepare and deliver management reports for internal and external stakeholders. Ensure clear communication, robust analysis, and identification of emerging issues to senior leaders.
    4. Coordinate directly with internal and external auditors to address questions and requests relating to the actuarial reporting function.
    5. Take a lead role in assessing and implementing appropriate reporting policy for new products and new reinsurance agreements. Engage with internal and external stakeholders to communicate these policies.
    6. Manage the integration of any new processes or models into the production valuation process where necessary to comply with new accounting standards, such as PBR / VM-20 and IFRS17.
    7. Ensure appropriate controls are in place, adhered to, and documented. Identify opportunities for continual process improvement and manage efforts to implement these improvements.
    8. Establish team goals in line with department priorities, adapt to changing needs, and effectively manage and communicate these across the team.
    9. Promote company culture by demonstrating our core behavioral competencies: Collaborative, Purposeful, and Straightforward.  
    10. Support the development of actuarial talent within your team.
    11. Maintain compliance with industry professional development guidelines. Participate in industry committees where necessary.
    12. Other duties as required.

    Qualifications

    Education

    BS/BA in Mathematics, Statistics, Economics, or related field

    Fellow of the Society of Actuaries

     

    Experience/Knowledge

    Minimum of 10 years life insurance / actuarial experience

    Minimum of 5 years working in a valuation / financial reporting role

    Prior experience leading a team

    Strong understanding of life insurance products and the related risks

    Technical knowledge across multiple reporting bases (Statutory, GAAP, IFRS)

    Experience maintaining controlled production processes

    Experience with financial reinsurance agreements preferred

         

    Skills

    Proficient verbal and written communication skills

    Ability to motivate a team

    Ability to convey technical concepts to non-technical audience

    Strong execution and time management skills

    Comfortable with changing demands / priorities

    Ability to multi-task in a deadline-oriented environment

    Strong actuarial analytical skills and problem solving ability

    Excellent relationship building and collaboration skills

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