Senior Actuarial Associate Resume Sample
Blanca Hegmann
32475 Dibbert Valleys,
Phoenix,
AZ
+1 (555) 422 3441
Work Experience
Senior Actuarial Associate
03/2018
-
PRESENT
Philadelphia, PA
- Code and implement new products on the reserve systems. An example of this would be our new Registered Indexed Annuity product
- Meet with external and internal auditors to explain processes / controls and financial results
- Highly skilled in PC utilization with data management software and spreadsheet applications
- Committed to self-development and the mastery of actuarial concepts
- Dedicated to meeting the expectations of internal and external customers
- Evaluate new product concepts via baseline pricing and sensitivity testing
- Develop assumptions and continually assess modeling methodologies to balance accuracy and efficiency
- Being familiar with the workings of all our currently sold Fixed & Variable Annuity products to generate & evaluate new design ideas
- Provide analysis and recommendations related to initiatives on existing products
Senior Actuarial Associate Prt
08/2012
-
11/2017
Los Angeles, CA
- Understanding key drivers of results and being able to articulate them in a clear manner
- Maintaining appropriate documentation for all work efforts
- Assist in technical model training for domestic actuarial groups
- Provide analytical analysis to support projects associated with the implementation of OSFI’s new capital regime, including
- Work with GGY to improve AXIS functionality and implement with Manulife’s business units
- Support the Solvency team to assess the impact of OSFI’s Test Run #1 in fall 2016, and #2 in 2017, and other parallel testing exercises
- Work with the Solvency team to assess the impact on Manulife’s capital position of other global solvency changes (ex. IAIS field testing of a new global insurance capital standard) and accounting changes (ex. IFRS 17 insurance contracts standards)
- Learn Prudential’s Statutory and Tax frameworks and how to apply them for the Annuities business
- Support internal efforts to secure necessary approvals both from Prudential Retirement’s leaders and other governing bodies across the Prudential Enterprise
Education
Howard University
2008 - 2012
Bachelor's Degree in Actuarial Science
Professional Skills
- Strong communication skills and ability to articulate technical actuarial concepts Demonstrate significant analytical skills
- Outstanding analytical and oral/written communication skills in English, with other language skills helpful
- Strong computer skills, preferably with some exposure to the AXIS modeling software
- Strong collaboration skills acting as a team player
- Details oriented, strong analytical and problem solving skills
- Strong technical skills in the following: Excel, Access, Visual Basic and actuarial projection/valuation software
- Strong analytical and problem solving skills, detailed-oriented, and ability to manage multiple projects simultaneously
How to write Senior Actuarial Associate Resume
Senior Actuarial Associate role is responsible for technical, programming, analytical, software, modeling, database, vba, sql, research, languages.
To write great resume for senior actuarial associate job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Senior Actuarial Associate Resume
The section contact information is important in your senior 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 Senior Actuarial Associate Resume
The section work experience is an essential part of your senior 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 senior 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 senior actuarial associate position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Senior Actuarial Associate resume experience can include:
- Excellent interpersonal skills. Ability to work well with other team members
- Strong time management skills, and ability to handle multiple assignments and meet deadlines
- Strong technical skills (MS Excel, MS Access, SQL, etc.)
- Strong communication skills to be able to explain complex concepts to non-actuarial business partners
- Demonstrate a strong business acumen, being able to recommend pricing approaches in a highly competitive fee environment
- Experience in working with large scale database/data warehouse solutions, strong proficiency in SQL Server or Oracle is desired
Education on a Senior Actuarial Associate Resume
Make sure to make education a priority on your senior 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 senior 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 Senior Actuarial Associate Resume
When listing skills on your senior 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 senior actuarial associate skills:
- Excellent written and presentation skills. Ability to communicate complex concepts and results to audiences of diverse backgrounds
- Strong communication skills verbally and in writing, and ability to collaborate well with other teams
- Excellent computer skills (especially Excel, Access, SQL, Visual Basic)
- Strong oral and communication skills; ability to explain complex concepts to a wide range of business partners, both actuarial and non-actuarial
- Excellent communication (particularly written) and interpersonal skills to deal with both technical and non-technical audiences
- Strong computer skills (Excel, SQL, VBA)
List of Typical Experience For a Senior Actuarial Associate Resume
1
Experience For Senior Actuarial Associate Prt Resume
- Insurance related actuarial experience
- Progress towards attainment of the Associate of the Society of Actuaries designation (ASA), with 2+ years of actuarial experience
- Manage scope and project deadlines, communicate issues as they arise, and balance/adapt to competing priorities
- Present assumptions in the Assumptions Committee (AC) and Experience Studies Working Group (ESWG) meetings, and prepare meeting materials
- Experience in insurance fields
- Supporting the design, modeling and pricing of select domestic annuity new product initiatives
- Developing and updating pricing assumptions and methodologies
- Collaborating with Hedging, Valuation, Finance, Corporate Actuarial, and other business partners in creating solutions to complex problems
2
Experience For Senior Actuarial Associate Act Gl Resume
- Writing and distributing ARC meeting minutes in a timely manner
- Creating processes and procedures to streamline and manage risks related to the product pricing of these initiatives
- Providing analysis related to other risk-based annuity issues, such as inforce business management
- Presenting results to Annuities and Corporate Actuarial senior leaders
- Working closely with Annuities Finance and Corporate Actuarial for all Statutory related deliverables
- Addressing requests from various corporate functions –Risk Management, Treasurer, Hedging, Internal Audit, etc
3
Experience For Senior Actuarial Associate Resume
- Supporting new product development
- Maintaining a controlled environment for assumption usage using an in-house online database
- Planning and setting up the ARC meetings where the assumptions are discussed by members of the ARC
- Willing to quickly develop knowledge of current portfolio of annuity products, designs, and benefits
- Understanding of insurance products and operations
- Working knowledge of Prophet software
- Presenting assumptions and assumption methodology before the Assumption Review Committee
4
Experience For Senior Actuarial Associate Prt Resume
- Enhancing technological infrastructure to improve efficiency and increase analytics
- Utilizing Microsoft SQL Server to transform the assumptions into an appropriate format as input into the actuarial models
- Preparing reports for client presentations and completing/reviewing required compliance tasks (government forms and non-discrimination testing)
- Training and assisting Analysts to ensure the continued development of staff
- Responsible for monitoring, reporting and communicating hedge results to management
- Be responsible for maintaining and enhancing the financial valuation system and actuarial modeling
- Assist in preparing and presenting results to Annuities senior leaders
- Provide quantitative and qualitative data for Replicating Portfolios, quarterly forecast, annual IAIS testing, and other Corporate initiatives
- Thorough knowledge of actuarial statistics and assumptions used for modeling cost, risk and revenue trends
5
Experience For Senior Actuarial Associate Act Gl Resume
- Committed to self-development and learning actuarial concepts
- Highly proficient in MS Office applications including spreadsheets and data management software
- Perform monthly/quarterly/annual Annuities GAAP/AOI reporting and analysis
- Work closely with Living Benefit Valuation (LBV), Annuities Finance and Corporate Actuarial for GAAP/AOI related deliverables
- Support our Italy and India operations for Quarterly US GAAP reporting in Polysystems
- Perform monthly/quarterly Annuities GAAP reporting and analysis
- Participate in year-end Annual Statement reporting
6
Experience For Senior Actuarial Associate Resume
- Update daily and monthly pricing of structured settlement annuity quotes
- Create customized pricing for large and/or unique quotes
- Support ad-hoc requests from business partners related to the pricing and profitability of this business
- Price complex structured settlement annuities involving the creation of cashflows and the interaction of reserves, liabilities and assets
- Provide actuarial oversight to the new business underwriting process
- Prepare reports and conduct analysis on RGA’s external retrocession program
- Create solutions to problems of a highly complex nature, analyze issues in a multidimensional context and access and use data
7
Experience For Senior Actuarial Associate Prt Resume
- Learn Prudential’s AOI and GAAP frameworks and how to apply them for the Annuities business
- Research and Development of new products and product features
- Develop and present assumptions before the Assumption Review Committee
- Maintain and improve appropriate control environment
- Draft supporting documentation on assumptions and experience studies for approval by Corporate Actuarial and as support for actuarial memorandums or any other purpose
- Participate in analytics project on policyholder behavior
- Support ad-hoc projects and collaborate with internal and external teams to fulfill requests
- Work with local operations and other functional teams for model conversions from Polysystems to Prophet on liability cash flow projections, US GAAP valuation, profitability reporting, IFRS 17 and US GAAP targeted change implementation
- Model oversight of change management, unit testing, user acceptance testing, assumption review and support of modeling initiatives
8
Experience For Senior Actuarial Associate Act Gl Resume
- Support Italy US GAAP quarterly production and modeling when the needs arise
- Ownership of metrics such as Economic Capital or ALM, modeling of the hedge program within financial and risk metrics
- Support model risk and actuarial operational risk initiatives
- Understand multiple regulatory frameworks and complex quantitative concepts and models
- Explanation of metric results, movement analysis, market impacts, trend and forecast analysis
- Presentation of results to management within variable annuity and corporate risk
- Support model development in Polysystems and US GAAP targeted change implementation for our Country’s Life, Health and Annuity business
9
Experience For Senior Actuarial Associate Resume
- Work closely with Annuities Finance and Corporate Actuarial for GAAP-related deliverables
- Contribute to and/or lead user acceptance testing of changes to the annuity actuarial model, including development of new reports to support the financial reporting process
- Address requests from various corporate functions – Internal Audit, Risk Management, Treasurer, Portfolio Management, Chief Investment Office, etc
- Enhance analytical tools and processes
- Flexible to meet deliverables
10
Experience For Senior Actuarial Associate Prt Resume
- Collaborating with Actuarial Modeling team and IT area to implement improvements in GGY Axis and to update processes for new assumptions, products, and methodologies
- Proficiency in MS Excel and MS Access/SQL
- Report sales and profitability metrics of new business
- Prepare and maintain models for use in profit analysis of full service defined contribution and defined benefit business
- Prepare or oversee profit analyses for blocks of business
List of Typical Skills For a Senior Actuarial Associate Resume
1
Skills For Senior Actuarial Associate Prt Resume
- Strong technical skills (Microsoft Excel, Access, etc.)
- A self-starter with strong analytical, technical and research skills
- Strong written and oral communication skills are desired
- Proven ability to work effectively with business partners and serve as a constructive member of a multi-disciplined team
- Good analytical skills and pay attention to details
- Strong technical skills (MS Excel, MS Access, etc.)
- Strong technical skills required; proficient in Excel, VBA, Access and SQL
2
Skills For Senior Actuarial Associate Act Gl Resume
- Experience in model development, implementation and/or validation is desired
- Highly motivated independent thinker, able to work effectively alone or in a team environment
- Superior technical skills (Excel, SQL, VBA)
- Possess ability to manage projects effectively
- Strong experience in Excel required
3
Skills For Senior Actuarial Associate Resume
- Communicate results effectively to key stakeholders
- Effectively collaborate with business partners to jointly design solutions
- Self-starter with the ability to work independently, particularly in the area of using sound independent judgment, problem-solving and analytical skills
- Collaborating with internal business partners across diverse disciplines to develop and implement effective solutions on behalf of our clients
- Collaborating with the Experience Studies team to develop assumptions related to policyholder behavior and mortality
4
Skills For Senior Actuarial Associate Prt Resume
- Performing experience studies
- Assist in carrying out experience studies, assumption setting and business planning to facilitate the business decision making
- Experience with improving and optimizing processes and reflecting appropriate controls
- Experience working with Prophet; VBA; SQL programming; and MS Office including advanced Excel and Access
- Possess strong problem solving and decision making abilities
- The role is responsible for active participation in prioritization, strategic planning, and contributing to workstream deliverables
5
Skills For Senior Actuarial Associate Act Gl Resume
- Own and develop pricing methodology for National account segment with specific focus on experience rating for all products
- High level of motivation, independent working and strong drive for results
- Voluntary product pricing experience to include individual life and group accident, group critical illness, group hospital or group disability
- Experience in a pension and benefit consulting firm or related industry
- Experience with pricing group business
6
Skills For Senior Actuarial Associate Resume
- Experience working for a reinsurance company
- Experience with life insurance, annuities, or retirement plans
- Work on multiple projects and help resolve conflicting priorities
- Knowledge of industry knowledge and experience, focusing on individual life products, valuation and asset/liability management
- Actuarial experience required
- Business / actuarial experience
7
Skills For Senior Actuarial Associate Prt Resume
- Business / actuarial experience
- Actuarial experience required
- Strong awareness of value and importance of controls
- Previous actuarial experience
- Possess strong individual accountability
- Have a strong sense of ownership and ability to manage projects independently
- Well organized, with an ability to multi-task, prioritize and work independently
8
Skills For Senior Actuarial Associate Act Gl Resume
- Actuarial experience
- Business/actuarial experience
- Experience in MS Excel, MS Access, MS Word and Visual Basic
- Actuarial experience required. Preferably in retirement
- Progress towards attainment of the Associate of the Society of Actuaries designation (ASA), with 3+ years of actuarial experience
9
Skills For Senior Actuarial Associate Resume
- 2 – 4 years finance, insurance industry, or actuarial experience
- Good progress to an Associate of a recognized actuarial institute
- Experience in relevant fields
- FSA designation or demonstrated progression towards completing exams to obtain FSA designation
- Demonstrated expertise in GGY AXIS, or an equivalent modeling platform
- Results-oriented, excellent customer focus and commitment to quality
- Proven ability to influence business partners
- Analyze and model experience data to develop mortality assumptions to be used in pricing future PRT/LRT deals
- Close to qualified or qualified fellow with at least 3 to 4 years working experience in life insurance/reinsurance companies
10
Skills For Senior Actuarial Associate Prt Resume
- Experience with actuarial modeling software such as Prophet and MG-ALFA
- Broad understanding and relevant experience with US GAAP, IFRS 17 and financial projection in Life and /or Annuity products
- Perform experience analysis and assist in actuarial product filings
- Demonstrates initiative, and resourcefulness
- Near- ASA with 3+ years of actuarial experience
- Demonstrated ability to build controlled, production environment tools
- Work with the data team (ESDA team) to improve data warehouse functionality to support various life assumption studies and data validation processes
- Assist in in-force data extraction, manipulation, and validation
- Related work experience
List of Typical Responsibilities For a Senior Actuarial Associate Resume
1
Responsibilities For Senior Actuarial Associate Prt Resume
- Partner with experience analysis team to identify assumptions required for pricing. Participate in experience analysis as needed to support pricing of full service business
- A self starter with the ability to work effectively individually as well as collaboratively with colleagues internal and external to Voya
- Calculating, reporting and documenting monthly reserves for WWB, including updates to assumptions and refinements to methodology
- Supporting the onboarding of new reinsurance arrangements operationally and appropriately including in reserves
- Liaising with Finance to support GAAP P&L and communicate current and anticipated changes in monthly reserves for WWB Group Life, Group Health, and LTD
- Liaising with Pricing, Underwriting, Finance and the business to assist management of the block on GAAP, STAT and Embedded Value bases
- Support the reporting team through the monthly, quarterly, and year-end close, as well as during the unlocking process
2
Responsibilities For Senior Actuarial Associate Act Gl Resume
- Support the improvement of reporting procedures and tools, partnering with the Actuarial Modeling COE and other areas as appropriate
- Use cost data from finance team to make recommendations regarding pricing for full service business
- Partners to develop and refine Axis modeling needs in support of product development, pricing, and product management for the Individual Life business
- Communicate updates to and solicit improvements from key business partners including Underwriting, Distribution and Product
- Develop or provide input into formal re-pricing reports and document processes, assumptions, and pricing methods used
3
Responsibilities For Senior Actuarial Associate Resume
- Work closely with Actuarial Modeling team and IT area to ensure timely update of assumption used in modeling
- Provide ongoing crediting rates for in-force block of business
- Contributes in building a retirement long-term pricing model platform
- Provide assistance in explaining technical hedging and ALM results to various non-technical audiences
- Partners to develop and refine Axis modeling needs in support of product development, pricing and product management for the Individual Life business
- Perform ad-hoc analyses that involve underwriting, reinsurance, pricing, etc
- Be proficient in Microsoft Word and Excel and various pricing, forecasting, or valuation platforms
- Have the ability to present to senior leaders, as well as peers, in a clear manner, fostering dialogue and helping to drive decisions
- Superior knowledge of financial modeling, pricing, statutory and GAAP financial principles, and/or investments
4
Responsibilities For Senior Actuarial Associate Prt Resume
- Assist in carrying out financial reporting on Local Statutory, Solvency II and MCEV basis
- Knowledge of Financial Mathematics with an understanding of Derivative Pricing Theory and Application
- Provide oversight for pricing software. Work with IT to ensure updates are made correctly and tested adequately
- Ensure accuracy of information and output delivered, possessing sufficient knowledge and intuition to be able to independently verify results
- Maintain the integrity of models, ensuring they are accurate and effective in capturing material aspects of the business, and that appropriate controls are applied
- Build relationships and establish a high level of trust and credibility within RP Actuarial, RP Finance, RP Sales, and senior business management, by providing quality information and insight to influence decision making
- Provide coaching and leadership to the underwriting actuarial students
- Support compliance with emerging Enterprise and regulatory standards and guidelines for Actuarial models
5
Responsibilities For Senior Actuarial Associate Act Gl Resume
- Research, design, develop, maintain, debug, and enhance the in-house Matlab-based stochastic pricing models
- Provide National Underwriting support for new sales and renewal opportunities
- Defend pricing recommendations to senior actuarial leaders in Canadian Division
- Familiarity with reporting tools (i.e. Tableau)
- Develop, maintain, and enhance actuarial projection models for Individual Life Forecasting of Variable, Interest Sensitive, and/or Traditional products, e.g
6
Responsibilities For Senior Actuarial Associate Resume
- Develop and enhance modeling capabilities of General Account products
- Liaise with Corporate and assist in responding to various requests from across the actuarial organization
- Provide Corporate business partners with information for 10-Q and 10-K disclosures pertaining to actuarial balances
- Develop maintain and document financial models to support in force ALM and risk metric reporting
- Project future and ultimate values, test adequacy via cash flow testing and scenario analysis to comply with applicable regulations, laws, and standards
- ASA working toward FSA designation in the Society of Actuaries or recent FSA
7
Responsibilities For Senior Actuarial Associate Prt Resume
- Responsible for the execution and improvements of ALM processes, some examples are duration, liquidity, surrender provisions and option pricing
- Working in the actuarial field
- Supports compliance with emerging Enterprise and regulatory standards and guidelines for Actuarial models
- User acceptance testing for PRT models
- Assist in developing other life product assumptions, such as partial surrenders, mortality assumptions for John Handcock business, etc
- Work with the CDSA team to adopt predictive modeling into various life mortality studies
- Work with business units (pricing, CFT, GAAP projection, etc.) to understand the financial impact of proposed assumptions
- Improve and streamline modelling tools for data analysis
8
Responsibilities For Senior Actuarial Associate Act Gl Resume
- Possess high quality of work ethic while remaining committed to corporate values
- Individual life product knowledge and familiarity with actuarial modeling concepts are desirable
- 2-3 Actuarial Exams Passed and working towards ASA designation
- Generate recommendations with supporting analysis
- Knowledge in methodology and principles in Local Statutory Reporting, Solvency II & MCEV
9
Responsibilities For Senior Actuarial Associate Resume
- Stochastic modeling of assets and liabilities
- Innovative, continuous improvement mindset
- Works collaboratively with business partners throughout the Prudential organization to support the development and maintenance of the Axis modeling platform for Prudential Individual Life business which can be leveraged for many uses (Asset Adequacy Testing, Replicating Portfolio, Forecast, Capital Management, and Corporate Actuarial, etc.)
- Builds, and maintains model components for new individual life products and valuation and projection methodologies
- Participate in general business transaction support activities
- Work closely with members of the Actuarial Financial Reporting team and Work Solution Modeling team to create detailed business requirements. Ensure that proper model development life cycle is followed and that model is consistent with business requirements
- Participate in model development, model testing and/or independent model review
10
Responsibilities For Senior Actuarial Associate Prt Resume
- Create and/or maintain tools, programs, and utilities in Matlab and Excel VBA environments to support demand for more complex analysis and automated processes
- Independently research and make recommendations for improvements to enhance methodology, capability, ease-of-use, and efficiency
- Create and enhance controls and documentation to meet risk governance requirements
- Coordinate with team to analyze and design new product provisions
- Connect with peers and other business partners to create robust solutions to complex business challenges
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