Actuary--Legacy VA BU - Sr./Lead Manager

Location NJ, United States
Experience level Experienced Hire
Job details sector Life & Savings Insurance
Apply before Date not available

This individual will be part of the Individual Annuity Inforce Management team, focusing on Individual and Variable Annuity liability models, projections and financial & risk analysis for various inforce initiatives.   He/she will work closely with the Hedging and product Development Teams, to make sure models retain consistency.

Responsibilities include:

• Earnings (IFRS, GAAP, Stat, Other) and Valuation, coordination with the Hedging Team to quantify the impact of ongoing & proposed inforce initiatives for the variable annuity block (both Accumulator/RC).
• Focus is on setting up models and gathering results for quantifying the financial impact of specific initiatives identified by the business area.
• Focus will be on  key reporting frameworks:  IFRS Earning, Greeks and Sensitivities.
• Assist with quarterly reporting of key metrics on inforce initiatives to senior management.
• Track inforce initiatives and communicate key developments with managers.
• Assist in the future tracking of effectiveness of inforce initiatives to ensure value emerges as expected in future inforce.
• Active participation in new inforce initiative process, broader weekly meetings to discuss status / results and new ideas to consider.
• Assist with data analysis and reconciliation between various systems
• Involved in Predictive Analytics
• Assist in enhancing Models to support business area initiatives.  This may include:
• Participate in modeling area transformation
•  More advanced model development, work, take the lead in testing, and performing preliminary modeling work in AXIS.  This may include development with the model vendor for defining and implementing new product features and requirements
• Experience Studies & Assumption Development (Mortality, Lapses, Withdrawals, IB Election, Annuitizations, Other)
•  Data Analysis and Management

• Near or new FSA, with 4+ years of actuarial experience
• Liability expertise or asset-liability modeling experience, especially regarding annuities
• Exposure to leading actuarial projection systems, in particular MG-Hedge, and GGY AXIS is preferred
• Desire to learn, take on responsibility, and assume ownership of various projects
• Capacity to work both independently and within groups
• Ability to handle deadline oriented work; highly motivated; strong verbal and written communication skills

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.

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.