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Profile Summary:
This role on the Actuarial Modeling Team will be responsible for building and modeling the business for specific purposes including planning, cash flow testing, risk metrics, GAAP reporting and reinsurance. The individual will learn how each product group contributes to the overall profitability of the total business. This is the entry level point for exam-taking students.
Profile Description:
- Asset-Liability Prophet modeling for annual Asset Adequacy Testing (i.e. Cash Flow Testing, C3P1/2, AG-38, etc.)
- Understanding the interactions between Life insurance liabilities and the assets backing reserves
- Provide support to the actuarial modelling team in building models
- Create inputs and run models and summarize, analyze and validate model output results
- Assist in preparation of Change Management Memos (CMMs) for various model and assumption changes
- Support preparation of deliverables for internal and external auditors
- Communicate effectively with manager and other team members, and successfully collaborate with other departments and partners to achieve objectives
- Participate in the Actuarial Student Rotation Program
Knowledge & Experience:
- Bachelor’s degree in Actuarial Science, Mathematics, Finance or other related field
- 1-3 actuarial exams
- 1-5 years of actuarial experience; Prophet experience preferred
- Solid oral and written communication and problem-solving skills
- Good time-management skills; ability to manage competing priorities and deadlines
- Preferred experience with Excel, Word and database software and/or programming experience
- Basic knowledge of insurance products and insurance company operations
- Preferred actuarial internship(s) or one in a related field
Location: West Chester, PA (Hybrid - 2-3 days per week in the office)
Resolution Life US is committed to disclosing a reasonable estimate of the base salary for our job roles. These estimates consider a wide range of factors in making base salary decisions, including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.
In addition to salary, Resolution Life US offers a comprehensive benefits package, including our health & wellness program, incentive and recognition programs, and 401k contribution (all benefits are subject to eligibility requirements). The salary range reflects figures based on the primary location, which is listed first. The range for the role may differ based on the location.
· West Chester, PA - $91,400 $111,700
Critical Skills
At Resolution Life, we have identified the following critical skills which are key to success in our culture:
- Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
- Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
- Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
- Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
- Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
Top Skills
What We Do
Resolution Life is a global life insurance group focusing on the acquisition and management of portfolios of inforce life insurance policies
