Analyst/Associate, Valuation Actuary

Prosperity Life Insurance Group LLC

TX

JOB DETAILS
SKILLS
Accounting, Actuarial Skills, Analysis Skills, Annuities, Auditing, Cisco ASA (Adaptive Security Appliance), Documentation, Environmental Monitoring, External Audit, Financial Audit, Financial Modeling, Financial Procedures, Financial Reporting, Financial Support, Flexible Spending Accounts, Generally Accepted Accounting Principles (GAAP), Insurance, Knowledge Modeling, Monitor Regulations, Multitasking, Regulatory Requirements, Systems Maintenance, Tax Regulations, Time Management
LOCATION
TX
POSTED
30+ days ago

Summary Responsible for all aspects of Actuarial work related to development, ongoing reporting, governance, and documentation of US GAAP, Statutory, and Tax financials at Prosperity. Major Duties and Responsibilities Demonstrate an understanding of insurance products and terminology Enhance ALFA and ArcVal modeling knowledge needed to support financial reporting Assist in establishing and maintaining controls over valuation systems, processes, and databases to ensure that the companys results comply with reporting requirements Partner with modeling peers to convert the ArcVal Statutory valuation models to ALFA Assist in maintaining detailed documentation for all key assumptions underlying the development of financials Support external auditors review processes and procedures for financial reporting Develop and maintain a current knowledge of all regulatory requirements for financial reporting Monitor regulatory environment and recommend, develop, and implement financial reporting changes as necessary Build actuarial expertise in the interpretation and understanding of financials. Participate in the development, optimization, and maintenance of tools to assess earnings changes May be assigned other duties as required to support organizational goals and objectives Job Qualifications Level and title commensurate with experience Bachelors degree (B.A.) or equivalent education and experience required Must be working towards and making satisfactory progress toward ASA or FSA designation; FSA preferred Advanced Excel skills and experience with ArcVal MG, ALFA, or other similar modeling platform Strong knowledge of annuity products Must have a minimum of 4 years experience in a professional actuarial role with a variety of insurance products, including knowledge of the LDTI, FAS 60, FAS 91, and FAS 97 accounting models. FAS133 and MRB experience is preferred Hands-on experience coding, validating, and maintaining valuation systems Prior experience with end-to-end development of PGAAP Financials, including preparation of all the relevant documentation for management, external audit, governance is a plus Key Competencies Proven experience interacting professionally and effectively in a team environment Ability to explain complex actuarial concepts and results in a coherent manner Experience managing concurrent deadlines and multiple priorities Enjoys working hard, looks for challenges, and seeks opportunities for improvement

About the Company

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Prosperity Life Insurance Group LLC