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Jobs or company...

Actuarial Executive

Salary undisclosed
Checking job availability...
Original
Simplified
Key Accountabilities
  • Calculates actuarial best estimate reserves (loss and premium), planning, and profitability analyses for defined segments of insurance business.
  • Performs research, loss emergence studies, and other statistical analyses.
  • Ensures that the claims provisioning processes for assigned tasks are appropriately governed in accordance with Group, Regional, and Local regulatory policies.
  • Calculates pricing or rate indications for new/renewal business, and assist in price monitoring, planning, and profitability analyses for defined segments of insurance business.
  • Performs research, experience studies and other statistical analysis.
  • Prepares premium rate filings, schedules of statistics/statistical analyses, and financial statements.
• Tests and maintains pricing models and tools. • Performs experience investigations and data validation.
  • Establishes and runs actuarial cash flow models for use in actuarial reporting.
  • Provide support for calculation of statutory reserves and financial valuations.
  • Provides product development and pricing support.
  • Executes and tests pricing models.


Additional Job Functions
  • Solves problems on portfolios with a limited level of complexity / diversity.
Business Accountabilities
  • Provide basic actuarial services in order to fulfill routine business requirements.
  • Performs statistical analysis, model and analyze data and develop models/programs for model building and analyses; interpret results of models and analyses.
  • Compile and categorize data, documents and verify factors and assumptions used in computations to ensure robust output.
  • Develops risk based capital models as well as parameterization and allocation activities to support actuarial services.
  • Participate in the evaluation and review of new/proposed processes and systems, where analysis is conducted to support the implementation of upgraded systems.
  • Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to build value-adding, relevant technical knowledge.
  • Work with actuarial colleagues in becoming familiar with company operations, business objectives and actuarial methodologies in order to be able to provide analytical support across an increasing breadth of scenarios.
  • Actively pursue local actuarial qualification and demonstrate consistent progress towards designation in order to maintain the talent pipeline for Actuarial.


Performance Management Accountabilities
  • Model behaviors that demonstrate commitment to corporate values.
  • Provide input into performance management discussions of project team members
  • Educate team members and business partners on area of technical expertise.
  • Provide guidance and support for team members.
  • Take action to manage own personal development and encourage others to do the same.

Required
Bachelors degree (or equivalent) in Computer Science, Economics, Engineering, Mathematics/Statistics, Other, Sciences and No prior experience required