Now Hiring!: Actuarial Analyst Location: New York, NY Salary: $65,000 - $90,000 depending on experience Benefits & Perks: A-CAP works hard to create a positive and supportive environment. That's why we offer great benefits to safeguard the health and well-being of our employees.
Generous PTO
13 Paid Holidays
Paid Parental Leave
401k with employer contribution (100% match up to 3%, then 50% match up to 5%)
Health, dental, and vision insurance
HSA with employer contribution
Company paid life insurance for employees and families
Company paid short-term and long-term disability insurance
Working with high-performing professionals like yourself!
ABOUT THE ROLE: Actuarial Analyst
Support all core actuarial functions including valuation/financial reporting, planning/projections, cash flow testing, pricing/product development, and experience studies for all A-CAP products (primarily Fixed/Indexed Annuities with additional exposure to traditional Life Insurance). Work very closely with professionals from other key departments, including Accounting, Systems/IT, and Policy Service.
DUTIES AND RESPONSIBILITIES:
Statutory & GAAP Valuation: Utilize and enhance GGY AXIS models to produce and summarize reserves monthly for various Fixed/Indexed Annuity products. Support Microsoft Excel-based valuation and reporting processes for Life Insurance products.
Financial Reporting: Manage preparation of monthly business reports including persistency reports, reinsurance settlements and other pertinent management reports. Work with Financial Technology team to automate monthly reporting items.
Financial Projections & Profit Modeling: Use AXIS models to produce financial projections, which directly feed management decision-making.
Cash Flow Testing & Asset/Liability Management: Utilize and enhance AXIS models used for annual Asset Adequacy Testing. Support creation of annual Actuarial Opinion Memorandum.
QUALIFICATIONS:
Essential (Required):
Bachelor’s degree in actuarial science, finance, mathematics, economics, computer science, engineering, or related field
1+ actuarial exams passed
1+ actuarial internships and/or 1+ years of experience in an actuarial/insurance role
Strong skills in Microsoft Office suite (Excel, Word, PowerPoint, Access)
Ability to communicate complex concepts in a professional and concise manner, both verbally and written
Ability to form relationships and work well with others
US work authorization is required
Desired:
Experience with GGY AXIS actuarial modeling software
Experience/familiarity with Annuity product concepts
Familiarity with R, VBA, and SQL
COMPETENCIES:
Analytical--Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs workflows and procedures.
Problem Solving--Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
Technical Skills--Assesses own strengths and weaknesses; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.
Teamwork--Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals; Supports everyone's efforts to succeed.
Business Acumen--Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.
Ethics--Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
Strategic Thinking--Develops strategies to achieve organizational goals; Understands organization's strengths & weaknesses; Analyzes market and competition; Identifies external threats and opportunities; Adapts strategy to changing conditions.
Professionalism--Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
Adaptability--Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events.
Attendance/Punctuality--Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.
Dependability--Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals; Completes tasks on time or notifies appropriate person with an alternate plan.
Initiative--Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Takes independent actions and calculated risks; Looks for and takes advantage of opportunities; Asks for and offers help when needed.
Innovation--Displays original thinking and creativity; Meets challenges with resourcefulness; Generates suggestions for improving work; Develops innovative approaches and ideas; Presents ideas and information in a manner that gets others' attention.
PHYSICAL DEMANDS AND WORK ENVIRONMENT:
Continually required to demonstrate strong analytical abilities.
Continually required to comprehend written and oral complex topics.
Frequently utilize visual acuity to operate equipment, read and comprehend technical information, and/or use a keyboard.
Continually required to stand or sit.
Continually required to utilize hand and finger dexterity.
Frequently required to work long hours to meet deadlines.
Frequently exposed to high stress environments.
Who we are: http://www.acap.com/
A-CAP is a rapidly growing organization that owns and operates multiple insurance companies and ancillary insurance businesses with over $9 billion of gross insurance reserves and over $5 billion of AUM. A-CAP’s direct insurance carriers, Sentinel Security Life Insurance Company and Atlantic Coast Life Insurance Company, together originate over $2 billion of new fixed and fixed indexed annuity premium annually. This opening is with the holding company, which provides strategic and operational support to A-CAP’s portfolio companies/subsidiaries, proactively formulates new investment strategies, manages all accounting and actuarial operations, and provides modeling support for insurer liabilities and capital.
EEO Statement:
A-CAP is an Equal Opportunity Employer. A-CAP does not discriminate based on race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. All employment is decided based on qualifications, merit, and business need.
Disclaimer:
The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
SALARY TRANSPARENCY NEW YORK:
We know our people are our number one asset and we put a premium on hiring and retaining the best talent. For that reason, we reward our employees with a competitive compensation package.
Our salary ranges are determined by role, level, and location. For individuals hired to work in New York State, A-CAP is required by law to include a reasonable estimate of the compensation range for this role. This range is specific to the locations listed above and considers the wide range of factors considered in making compensation decisions, such as job-related skills, experience, and relevant education or
training. A reasonable estimate of the current salary range is $65,000 - $90,000 USD annually.
A-CAP participates in the federal government’s E-Verify program, which confirms employment authorization of all newly hired employees and most existing employees through an electronic database maintained by the Social Security Administration and Department of Homeland Security. For all new hires, the E-Verify process is completed in conjunction with the Form I-9 Employment Eligibility Verification on or before the first day of work. E-Verify is not used as a tool to pre-screen candidates. For up-to-date information on E-Verify, go to www.uscis.gov and click on 'E-Verify' located near the bottom of the page.