Actuarial Analyst/Life Associate Actuary

National Association of Insurance Commissioners • Kansas City, MO • 5h ago

Job Description:

The Financial Regulatory Services, a division of the National Association of Insurance Commissioners (NAIC) is looking to hire either an Actuarial Analyst or Life Associate Actuary. This team member will be tasked with supporting regulators in the continued evolution of the NAIC's Principle-Based Reserving and Life Risk-Based Capital frameworks. Continual development of technical skills to adjust to evolving needs is essential. This is a full-time hybrid position, in a positive and flexible environment. Residency within 100 miles of the Kansas City, Missouri office is required.

Responsibilities Include

Provides primary or secondary staff support for one or more Subgroups of the NAIC Life Actuarial (A) Task Force and/or Life RBC (E) Working Group as assigned. Plans meetings by coordinating with the chair to produce agendas, presentations, and work plans. Schedules meetings and serves as moderator. Produces minutes and summaries in accordance with the established methodologies and deadlines.

Supports the implementation and maintenance of the NAIC's Generator of Economic Scenarios (GOES) for statutory life insurance and annuity reserve and capital frameworks by performing analysis, monthly scenario set reviews, supporting field test(s) of new scenario sets, compiling results, and assisting in development of model governance processes and procedures.

Performs AXIS model office testing to analyze the potential impact to life insurance and annuity reserves and/or capital from changes to reserving or risk-based capital methodologies and assumptions.

Becomes a subject matter expert on sections of the Valuation Manual that provide specifics on Principle Based Reserving and Asset Adequacy Testing (VM-20, VM-21, VM-22, VM-30, VM-31), relevant Actuarial Guidelines, and Life Risk-Based Capital.

Provides actuarial expertise in the form of research, analysis, and recommended interpretation of various issues related to the Valuation Manual and Risk-Based Capital.

Performs actuarial analysis on PBR valuation methodologies and factors (e.g. mortality, lapse, company expense, and policyholder behavior) to advise on changes to the Valuation Manual.

Assists in updating PBR default and spread tables in the Valuation Manual and publishing VM-V rates.

Minimum Education and/or Experience Required

Bachelor's degree in actuarial science, Mathematics, Statistics, or similar degree from an accredited college or university and at least 2 years of actuarial experience working in pension risk transfer annuities, accelerated underwriting, mortality experience studies, life or annuity valuation, life or annuity pricing, predictive analytics, and data visualizations or an equivalent combination of education and experience.

Actuarial Exam Requirement:

Actuarial Analyst

Must have completed two actuarial exams

Life Associate Actuary

Must have obtained Associate of the Society of Actuaries designation

Preferred Experience

Minimum of one to three years of finance, accounting, or analytical related experience

Tableau, and Basic SQL querying

Systems & Technology Requirements

Proficiency with Microsoft Excel (including macros), SharePoint, PowerPoint, and other Microsoft Office products.

Proficiency with actuarial modeling software, particularly Moody's Analytics AXIS.

Proficiency with Tableau, SQL, and statistical software (e.g., SAS, R).

Travel

This position may require some out-of-state, overnight travel in support of member meetings and events throughout the year.

Compensation

$92,263 up to $150,000, commensurate with education and experience.

Sponsorship

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Interested in learning more about the amazing benefits the NAIC offers? Visit our Benefits (http://content.naic.org/about/benefits) page for more information.

The NAIC is proud to be an Equal Opportunity Employer

Applicants for all positions are considered without regard to age, race, creed, color, religion, sex, sexual orientation, gender identity or expression, national origin or ancestry, marital status, pregnancy, genetic information, military or veteran status, disability, or any other basis protected by applicable law.

LEARN MORE ABOUT THE NAIC

Company Overview

The National Association of Insurance Commissioners (NAIC) is a member-focused, non-profit Association supporting state insurance commissioners, and their departments, to effectively regulate the insurance industry and protect consumers. Headquartered in Kansas City, New York, and Washington DC, our 150-year-old Association offers the coordination of expertise in policy and regulation among state departments, data and technology, financial regulatory support, training and education, and resources for ongoing collaboration among the states and jurisdictions.

Diversity Statement

Our member-driven Association supports the dynamic and diverse needs of state regulatory agencies and the consumers of insurance products and services. Through our ongoing commitment to Diversity, Equity, and Inclusion, we believe our employees provide a wide range of experience and expertise to generate better ideas and solve complex problems consumers and our members face as insurance products and regulations evolve over time.

Guiding Principles

We put customers first

We are committed to continuous improvement

We succeed by working together

We do what it takes to get the job done

We communicate often

We treat colleagues with respect and honesty

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