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Financial Modeling Actuary - Latin America and Caribbean

ALICO

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Job Snapshot

Location:

Wilmington, DE 19801 ( map it!

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Employee Type:

Full-Time

Industry:

Insurance

Manages Others:

Not Specified

Job Type:

Accounting
Finance
Insurance

Education:

4 Year Degree

Experience:

Not Specified

Travel:

None

Post Date:

11/6/2009

Contact Information

Ref ID:

PCK333-122203

Description Highlights

Job ID: SS - FMA LACarib

Position Type: Full Time - Regular

Location: DE-Wilmington (downtown)

Relocation: No

Requirements:

Fellow of the Society of Actuaries, with minimum of 5 years actuarial experience in the individual life and A&H areas

Strong background in asset/liability modeling and financial projections. Experience in GAAP/Stat financial reporting is helpful

Familiarity with actuarial projection systems

Strong analytical skills necessary to analyze data and present findings in a coherent manner to senior actuarial management as needed

Preferably with supervisory experience

Very good oral and written communication skills

Education: Bachelors

Experience: 6-9 years

Description:

This position will provide financial modeling and actuarial analysis support to the Latin America and the Caribbean region. Specific support functions include the following:

Develop and maintain liability and asset models, including updates for new products and current projection assumptions. Implement model controls in accordance with Corporate Actuarial guidelines for financial reporting and modeling controls

Support the conversion to the selected single actuarial system, by country, for valuation and projection purposes

Perform U.S. Statutory asset adequacy analysis and prepare Actuarial Memoranda supporting the Chief Actuary’s Actuarial Opinion

Peform GAAP loss recognition tests and provide support on new issue recoverability tests

Provide financial modeling support that may be required for local statutory reserve requirements and capital adequacy tests, including Solvency II & UK Global ICA

Develop Statutory and GAAP income projections, including projections of capital requirements

Work with Region Head Actuary on developing dynamic assumptions for policyholder behavior (i.e., withdrawals and premium persistency) and crediting strategies (dividends, bonuses, and excess interest)

Provide technical support in the review and evaluation of dividend/bonus recommendations, investment strategies, and new product guarantees

This position is located in Wilmington, Delaware. Relocation will be considered on a case by case basis.

About Us:

Alico is a leading international life insurer with a unique heritage of serving customers across the globe for over 85 years. The company provides consumers and businesses with products and services for life insurance, accident and health insurance, retirement planning, and wealth management solutions. Through an extensive network of over 40,000 agents, brokers and financial institutions and 11,000 employees across 54 countries, Alico services 19 million customers worldwide.

Alico has branch offices, subsidiaries and affiliates in emerging, developing and developed markets in Europe, Asia, the Middle East, Africa and Latin America. Alico is domiciled in Wilmington, Delaware and has regional headquarters in Tokyo, Paris, Athens, Dubai, and Santiago, Chile.

Requirements .

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