Actuarial Associate Resume Sample
Marian Hahn
181 Lambert Center,
Boston,
MA
+1 (555) 671 3580
Work Experience
Actuarial Associate
11/2016
-
PRESENT
New York, NY
- Assist with projects or programs with moderate resource requirements, risk and/or complexity
- Ensure group's processes and procedures are compliant
- Work on special projects or perform other model development tasks as requested
- Supervises assigned personnel. Small team in Corporate Actuarial
- Reserves and Financial Analysis Only Performs actuarial analysis of loss and loss adjustment expense reserves; and performs and analyzes the testing of alternative methodologies needed to reflect changes in operational procedures, legislation and current claims cost trends. Performs other functions as assigned
- Strong verbal and written communication skills in order to effectively communicate with accounting, enterprise data management, and departments within IT
- Work with Experience Studies team to develop, improve and document experience studies reports and analyses
- Assist in preparation of both quarterly and annual monitoring and reports
- Respond to stakeholder requests in a timely fashion
Actuarial Associate Manager
09/2010
-
06/2016
Phoenix, AZ
- Work with data team in developing, improving and validating data warehousing tools for annuity data
- Assist in development and maintenance of risk and stress factors as needed
- Develop and improve methods for identifying and monitoring dynamic behavior on fixed annuity blocks
- Knowledge of MG-ALFA would be beneficial
- Help provide timely information to senior management, product management, regulators, rating agencies, and auditors
- Work is performed for all the company's insurance products, including, but not limited to, individual life, individual annuity and retirement plan products
- Participate in the financial management of the company by providing actionable information that enables good business decisions and empowers senior management to make appropriate decisions
Wealth Actuarial Associate
07/2004
-
08/2010
Houston, TX
- Coordinate with Enterprise Risk Management as well
- Manage the application of one or more Individual Life actuarial models. This involves developing a complete understanding of how the modeling software functions, maintaining documentation of assumptions, analyzing output from models, and meeting deadlines for projects in which high quality actuarial projections are required
- Perform static and dynamic validation of actuarial models, ensuring accuracy of projections and compliance with departmental applications of that particular model
- Projects can include but are not limited to Economic Capital, Risk Management / ORSA, Asset Liability Management, Asset Adequacy / Cash Flow Testing, Liquidity Testing, and Financial Planning
- Assist in responding to modeling-related and risk management questions and requests for information from internal actuaries, accountants, auditors, management and other associates, as well as external rating agencies, auditors and regulators
- Make recommendations on appropriate techniques to mitigate risks
- Perform stress testing and scenario analysis in order to equip management to make strategic decisions
Education
The University of Kansas
1999 - 2003
Bachelor's Degree in Actuarial Science
Professional Skills
- Strong PC skills. Data retrieval skills and relational database experience
- Excellent interpersonal, oral and written communication skills, including presentation skills
- Strong customer focus with excellent inter-personal and communication skills
- Strong computing skills including Excel and Word
- Strong modeling skills with a working competency in APL and/or any modern actuarial software (MoSes, Prophet, ALFA, etc.)
- Strong analytical, problem solving, written / oral communication and organizational skills
- Detail oriented, with strong analytical and problem-solving skills
How to write Actuarial Associate Resume
Actuarial Associate role is responsible for technical, analytical, software, programming, database, basic, languages, computer, accounting, modeling.
To write great resume for actuarial associate job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Actuarial Associate Resume
The section contact information is important in your actuarial associate resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Actuarial Associate Resume
The section work experience is an essential part of your actuarial associate resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous actuarial associate responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular actuarial associate position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Actuarial Associate resume experience can include:
- Data retrieval skills and relational database experience
- Basic knowledge of annuity products. Strong in computer skills
- Strong business communication skills both written and verbal
- Strong analytical skills, preferably with some exposure to AXIS (knowledge of QlikView is an asset)
- Good communication skills to liaise with business
- Perform experience studies (including mortality, lapse, and utilization) and validate results
Education on an Actuarial Associate Resume
Make sure to make education a priority on your actuarial associate resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your actuarial associate experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Actuarial Associate Resume
When listing skills on your actuarial associate resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical actuarial associate skills:
- Solid actuarial technical skills and good understanding of the factors that shape product profitability
- Strong technical skills with the ability to analyze data using spreadsheets
- Strong technical and analytical skills, including an ability to solve complex problems
- Effective listening, communication and presentation skills
- Strong technical skills with ability to understand complex quantitative concepts and models
- Strong communication skills, both written and oral, are essential
List of Typical Experience For an Actuarial Associate Resume
1
Experience For Actuarial Associate Manager Resume
- Interaction with ISO’s insurer customers and other organizations regarding data review prior to submission to regulators and state insurance departments
- Closely align with distribution, risk, finance, legal and IT to expedite decision-making and completion of prioritized initiatives
- To carry out all tasks within the job holder’s level of skill and ability
- Learn from past experiences and seek guidance and coaching from more senior actuaries
- Supporting model development in Polysystems and Prophet for valuation/projection capabilities
- Testing models via external workbooks in Microsoft Excel
- Investigating data to resolve compatibility issues with inputs for models
- Implementing automation to valuation processes
- Working with local operations and business partners to develop rapid solutions across a wide array of business groups, both within actuarial and externally
2
Experience For Actuarial Associate / Igloo Modeler Resume
- Supporting other actuarial infrastructure related initiatives
- Providing routine technical and analytical support to ensure the continuous efficient operation of our clients’ pension plan arrangements
- Owns North Light pricing indication methodology as well as updating, managing, reporting/communicating, and implementing results
- Explore and Implement enhancements to financial reporting and analytics capabilities based on both existing and new/evolving technologies
- Support user acceptance testing of changes to the annuity actuarial model, including development of new reports to support the financial reporting process
- Collects and analyzes data related to pricing, reserving, actuarial reporting and functions
- Profitability studies on segments of the business including pricing action strategy and execution planning with the business units
3
Experience For Wealth Actuarial Associate Resume
- Work with clients to ensure large pricing data sets and premiums accurately reflect the underlying population
- Support model review work including the following activities
- Gain a deeper understanding of the UK and European insurance regulations including Solvency II and IFRS 17
- Prepares actuarial valuations for the funding or financial reporting of pension and other postemployment benefit programs
- Coordinates execution of assigned client projects from start to finish, serving as a key client contact; coordinating as needed with Managers/Director
4
Experience For Life Actuarial Associate Resume
- Reviews and/or assists in drafting of data requests to be sent by Actuarial Analysts to send to clients for gathering data to prepare valuations
- Assist in accounting/funding valuations for employer-sponsored benefit plans
- Contribute to client relationship management – including attendance at meetings and executing administrative procedures
- Mentorship and training of actuarial staff, particularly for advanced modeling
- Knowledge of modeling packages, programming languages, and spreadsheet/database software
5
Experience For Actuarial Associate Senior Resume
- Pursue opportunities to streamline the underwriting process with analysis performed in a newly created monitoring environment
- Carry out strategic ownership activities for the Voya Pricing Portal; coordinate pricing model enhancements across various stakeholders
- Develop and build the overall structure of the underlying database to support the automation of pricing-related metrics
- Uses best practices and statistical/modeling techniques to develop and maintain rating models and other models as necessary
- Update and document modeling assumptions as directed
- Recommend and implement efficiencies in modeling processes
- Collaborate with Sales/Marketing to communicate technical actuarial and/or pension topics to institutional clients or clients’ consultants/advisors
- Guide institutional clients through onboarding and lead cross function collaboration in new business implementation
6
Experience For Actuarial Associate Acas Resume
- Think creatively and exercise sound judgment in leading projects
- Preparation of actuarial valuations for funding purposes
- Provide mortality study analysis and recommendations to the Pricing Actuary on new business opportunities
- Participate in Actuarial Student Rotation Program if actively pursuing actuarial certifications
- Lead the innovation and update of insurance programs in response to the changing business environment
7
Experience For Illustration Actuarial Associate Resume
- Project future and ultimate values, test adequacy via cashflow testing and scenario analysis to comply with applicable regulations, laws, and standards
- Establish and maintain a pricing technical library and model inventory
- Assist with adhoc product development initiatives, underwriting requests, and rate filings
- Develop mortality assumptions to be used in pricing future PRT/LRT deals
- To work with clients in implementing solutions to meet business needs
- Prepares actuarial analysis of projected impact of changes in program benefits, assumptions and/or funding policy
- Trains new Actuarial Analysts on data processing and basic actuarial analysis
8
Experience For ADP Actuarial Associate Resume
- Ensures data used by analysts in studies is complete, has been reviewed and amended for inconsistencies, ambiguities and missing information
- Manages client projects from start to finish, being the principal client contact
- Reviews data for inconsistencies, ambiguities and missing information
- Prepares thorough and appropriate data requests to send to clients for gathering data to prepare valuations
- Perform unit testing, and peer-review as assigned
- Documentation of the development work, testing, and review results
- Work with Model testing team, production team on various tasks
9
Experience For Lead Actuarial Associate Resume
- Support monthly valuation reporting and analysis for GAAP, Stat and Tax
- Assist with the support of the pricing/development of new products
- Contribute to business development and marketing initiatives
- Commitment to becoming a credentialed actuary – and at least six exams already cleared
- Improve and streamline modeling tools for data analysis
- Assist in building data visualization tools for various audiences
- Perform day-to-day pricing and product development work
- Assist in review of reinsurance pricing bases
- Play a central role at quarter end by driving earnings and reserve movement analysis and contribute to the development of a robust SOE/RMA framework
10
Experience For Advanced Actuarial Associate Resume
- Contribute to the development of valuation methods and processes for IFRS 17 and the success of the ledger based SOE reporting framework
- Conduct required capital analysis and support reporting under LICAT
- Gain knowledge of property and casualty business and basic actuarial pricing concepts
- Develop ability to compile and categorize data, document/verify factors related to rate monitoring and profitability studies
- Familiarity with Excel, Access, VBA, SAS, SQL or other programming languages desirable
List of Typical Skills For an Actuarial Associate Resume
1
Skills For Actuarial Associate Manager Resume
- Strong organisational skills with attention to detail and ability to meet deadlines
- Programming skills (VBA, R or similar)
- Experience with, or a strong interest in learning about, fixed income investments, investment-oriented insurance products, and financial risk modeling
- Experience working for insurance companies, pricing experience
- Effectively communicates and presents pricing analysis/proposals/new methodologies/project information to key stakeholders and project teams
2
Skills For Actuarial Associate / Igloo Modeler Resume
- Develop skills in using spreadsheets, databases, statistical software and computer languages
- Analytical and problem solving skills desirable
- Some experience with VBA macros or programming experience
- Communicate effectively with actuarial and financial stakeholders
- Good ability to make timely and effective decisions and to produce results
- Strong communication and interpersonal relationship skill
- Collaborate effectively with the Risk and Finance partners on ad hoc projects
- Work effectively both as an individual contributer and in a team environment, depending on project
3
Skills For Wealth Actuarial Associate Resume
- Experience with VBA macros or significant programming experience
- Prior experience in retirement and/or retiree medical work
- Nearly qualified actuary, or student with good progress in exams (work experience not essential)
- Validating and analyzing valuation results and projection cash flows from the actuarial software
- Pricing or Valuation experience
- Strong Excel knowledge and working knowledge of SQL or similar programming language
- Helps the client team by drafting email correspondence by creating effective communications and takes
4
Skills For Life Actuarial Associate Resume
- Experience in reviewing and coordinating the work of others is beneficial
- Perform data analyses relating to emerging claims experience
- Excellent analytical, problem solving and independent decision making abilities
- Benefit calculation modeling, testing, or production experience
- Strong knowledge of actuarial modeling
- Experience with Microsoft Office (and Visual Basic) and database programming
- Knowledge of SAS or similar statistical software and/or experience working with large datasets
- Good understanding of personal insurance product dynamics
5
Skills For Actuarial Associate Senior Resume
- Conduct effective planning to ensure timely completion of deliverables
- Strong learning interest of different regulatory standards across PII regime
- Highly motivated with the ability to work under pressure managing multiple priorities
- Experience with programming in Excel, Visual Basic or other applications
- Strong aptitude for new software and technology
- Build strong relationship with people within the team
- Good ability to challenge and enhance analytical capabilities
- Good team spirit with high level of energy
6
Skills For Actuarial Associate Acas Resume
- Demonstrates Bickmore core values in business and professional dealings
- Actuarial experience required
- Actuarial experience in property and casualty insurance industry
- Experience with life insurance administration systems
- Insurance and/or reinsurance experience
- Internship and / or some actuarial work experience highly desired
- Perform actuarial research, experience studies, statistical analyses
- Analyze and explain actual-to-plan and current-to-prior plan variances
- Prepare inforce data quarterly for external models and assist in the validation of those models
7
Skills For Illustration Actuarial Associate Resume
- Actuarial experience
- Actuarial, finance or insurance industry experience
- Drafts and edits Powerpoint presentations for effective communication of results and concepts
- Actively builds strong relationships among teams and team members to ensure cooperation and goal alignment on project objectives
- Typically has 3+ years of actuarial pricing experience
- Maintain timely and effective communication and coordination with program team and clients
8
Skills For ADP Actuarial Associate Resume
- This is an entry level role with typically 0-2 years relevant experience
- At least three years of relevant benefits experience
- Prior exposure to ProVal or similar actuarial valuation platforms
- Investigating data quality problems, developing short term work-around; and working with other groups including accounting and IT to fix the problems
- Supporting our India and Italy operations for quarterly US GAAP reporting and forecasting
- Researching and assessing existing actuarial models, products, and procedures to meet needs of countries
- Preparing data for reserving actuaries
9
Skills For Lead Actuarial Associate Resume
- Being proactive and using your own initiative
- Supporting modeling initiatives for US GAAP targeted changes for our countries’ life, health, and annuity products
- Proposing and evaluating alternative product structures
- Modeling risks and recommending prices
- Preparing regulatory filings and corresponding with state insurance regulators
- Planning and execution of ongoing risk management
10
Skills For Advanced Actuarial Associate Resume
- Taking responsibility and personal pride in your work
- Understanding of advanced mathematical and statistical concepts
- Depending on seniority, provide guidance to junior team members
- Making presentations to upper management
- Writing product specifications
- Reviewing draft contracts
- Maintaining a variety of Excel-based actuarial tools
List of Typical Responsibilities For an Actuarial Associate Resume
1
Responsibilities For Actuarial Associate Manager Resume
- Review and stay abreast of current trends regarding UK Annuity Insurance mortality publications to ensure performance of in force block does not create unpredictable financial impact to earnings
- Assist in the validation of the mortality underlying the collateral calculation and financial impact of these changes with respect to RBC’s projected collateral position
- Reviews and stays current on trends in pricing regarding longevity to ensure pricing guidelines remain appropriate and meet both market pressures and RBC risk and profitability guidelines
- Monitors insurance and reinsurance industry trends and developments, providing commentary as necessary to Head, Pension Plan De-Risking Solutions and/or Director of Pricing & Product Manager Group Annuity
- SAS and/or SQL programming and strong Excel skills
2
Responsibilities For Actuarial Associate / Igloo Modeler Resume
- Strong analytical problem-solving skills with attention to detail
- Good spreadsheet skills, including Visual Basic
- Excellent PC skills Knowledge of data retrieval languages
- Effective communication skills, presents ideas and data completely and clearly to both actuarial and non-actuarial audiences
- Detail oriented and strong analytical skills – completeness and ability to drill into complicated applications to uncover drivers of results
- Exhibits excellent computer skills
- Strong Excel skills, Access Database
- Highly technical – good analytical skills
- Good organisational skills; and
3
Responsibilities For Wealth Actuarial Associate Resume
- Validation by Educational Experience (VEE) coursework completed
- Effectively communicate with manager, other team members and senior leaders
- Early career (2-4 exams) or Pre-ASA with 1- 3 years of experience in the financial, insurance industry or actuarial experience
- Help junior actuarial analysts to develop their technical and presentation skills
- Experience with actuarial modelling/reporting or finance technology
- Strong collaboration with Financial Reporting and Senior Managers
- Previous experience in the following areas is desirable
- Two years of experience/responsibility in independently supervising work projects
4
Responsibilities For Life Actuarial Associate Resume
- Works well independently, and in a timely, organized manner, prioritizing workload and assignments
- A solid understanding of the financial aspects of annuity and life insurance
- Strong background in insurance or financial reporting systems and technology
- Good programming/database familiarity (VBA, SQL, R)
- Familiarity and hands-on experience with statistical languages (e.g. SAS or R)
- Experience in commercial lines
- Two years applicable work experience in an HMO or health care environment
- Two years of progressively more responsible and related experience
5
Responsibilities For Actuarial Associate Senior Resume
- Actuarial experience
- Trainee Actuary with 1 or more years’ professional experience in life assurance, life consultancy or life reinsurance
- Industry experience
- 1 – 3 years finance, insurance industry, or actuarial experience
- Actuarial, finance, or insurance industry experience
- Insurance and/or reinsurance experience
- Think critically, identify potential challenges, discuss solutions, and validate results
6
Responsibilities For Actuarial Associate Acas Resume
- PC experience to include Word and Excel, databases, and design of reports
- Proven ability to work well with internal department teams and cross functional teams
- Experience with MS Word, Excel, and database software
- Resourcefulness, organization and the ability to prioritize multiple responsibilities
- Defined benefit pension plan experience
- Prepare and review detailed experience reports
- Flexible with workloads and priorities
- Effective people leader
- Understanding of insurance company asset and liability risks
7
Responsibilities For Illustration Actuarial Associate Resume
- Progressing through Actuarial exams
- Own variable annuity pricing processes such as rate setting, profitability reporting, forecasting, and sensitivity analysis
- Keep up to date on key modelling functionalities being developed in GGY AXIS and assist testing those functionalities on sample proxy portfolios
- Primary person running pricing models for updated assumptions and summarizing results for manager
- Responsible for assisting/performing group retirement RS/VP pricing bids for new business opportunities, renewals and group annuity conversions as required
- Participate in gathering data to be used for analyzing pricing cycles
- Research and implement cutting-edge efficient modeling techniques
8
Responsibilities For ADP Actuarial Associate Resume
- Manage LTD, STD and Absence Management pricing assumptions and modeling tools to ensure consistency and transparency
- Participates in collecting and preparing materials to be used as references in any audit-related activity
- Development, enhancement and maintenance of multivariate predictive models for pricing and underwriting
- Commitment to ongoing learning and professional development
- Development and downstream testing of new production processes for LICAT quarterly production, including GGY AXIS models
- Provide support for ongoing requests for adhoc capital analysis work as required by senior management in light of the changing capital regime
- Ensure sound and efficient implementation and tesing of processes for LICAT calculation and reporting
- Handles the preparation of valuation data. Includes receiving and reviewing data from clients and other vendors
- Assist/Create pricing models and pricing summaries for senior management to accompany each bid
9
Responsibilities For Lead Actuarial Associate Resume
- Develop assumptions and pricing models for new and existing variable annuity products
- Participate in the development and tracking of relevant information concerning the company financial position
- Work with different programming language and pricing software
- Able to complete parts of a valuation, or assists the GVC in doing so
- Functions as a liaison and a SME between business unit, systems, and risk management to ensure flawless execution of North Light pricing strategy
10
Responsibilities For Advanced Actuarial Associate Resume
- Leverages understanding of current (non-admitted insurance) industry and professional standards/ environment to impact decisions and indicate requirements
- Serves as a pricing subject matter expert
- Manage the processes of pricing reinsurance quotes in compliance with internal directives
- Preparation of State and Federal filings. Including Federal Exchange, Pennsylvania Insurance Department Filings and Medicare Bid Submissions
- Lead Absence Management pricing studies and stakeholder communications
- Prepares and presents actuarial calculations related to product pricing, valuation, or risk management
- Conduct or review actuarial methods for new business by conducting new business strain analysis
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