Senior Actuary

Location NJ, United States
Experience level Experienced Hire
Job details sector Life & Savings Insurance
Apply before Date not available
The Actuary, Core Modeling role will be part of the Core Modeling Production (CMT) team, focusing on GMxB annuity liability models, projections and financial & risk analysis. Responsibilities include:
• Assist projections and analyze, summarize, and communicate results for the AXIS models that project IFRS/GAAP Specific projects include:
o SOP 03-1 Reserves, DAC EGP projections and FAS 157 GMIB Reinsurance and NLG FairValue Calculation and GMWB/AB projections
o Build out GAAP various stress test sensitivities.
o Help support model enhancements in all GAAP reporting frameworks
o Help further automate the reporting and controls.
o Capital Forecasting and Strategic Plan modeling
• Maintain and enhance Accum/RCAXIS models:
o Assist with implementing, quantifying and reviewing assumption changes and model updates
o Support Model Governance requirements, including documentation of all model updates including enhanced single cell validation.
o Implement process/model improvements to increase department efficiency
• Work closely with Modeling team clients, especially Valuation & Reporting, Hedging and Annuity Business Areas
• Assist the other EEV modeling teams with enhancement of VA models, including model development for new products
• Assist with analysis, review, and reporting of our exposure to Life Insurance and Financial Risks for GMxB annuity products
• Participate in modeling area transformation project

QUALIFICATIONS:

• ASA with 2+ years of actuarial experience
• Liability expertise or asset-liability modeling experience, especially regarding annuities
• Exposure to leading actuarial projection systems, in particularly GGY AXIS is preferred
• Desire to learn, take on responsibility, and assume ownership of various projects
• Capacity to supervise one actuarial student and work within groups
• Ability to handle deadline oriented work; highly motivated; strong verbal and written communication skills

 

ABOUT AXA

We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.

As an employer AXA is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. AXA US has been recognized and certified as a great place to work by the Great Place to Work Institute.

We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave AXA. Almost 40% of our open jobs are filled with current employees.

NOTE: AXA participates in the E-Verify program.

In addition to competitive compensation and an outstanding benefits package including 401 (k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.

AXA is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.



Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things.
 
In a fast-evolving world and with a presence in 64 countries, our 166,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 103 million customers.

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