AVP and Life & Annuity Actuary (Assumptions Governance)

 

 

 

Job Posting

 

This role is responsible for leading the assumptions setting team accountable for designing and operating within a framework for establishing, updating, reviewing, and uploading best estimate and valuation assumptions.  

 

What You'll Do: 

• Guide team of actuaries to effectively implement the assumption setting process, including establishing an assumptions update calendar, assumptions governance framework and project management process.
• Stay current on trends, research, and regulatory requirements relating to emerging insurance experience and assumptions setting methodologies.
• Develop and implement documentation standards for assumption development that are sufficient to support applicable regulatory filing requirements.
• Enhance and maintain the assumption library for use in projection, valuation, and experience analysis applications.
• Oversee processes to ensure required assumption library updates are implemented on time and effectively controlled.
• Continue to strengthen assumptions governance process and support efficient updates and precise modeling. 
• Working cooperatively with key stakeholders to develop and support assumption setting, including valuation, pricing, model actuaries.
• Build trusted relationships with a cross-functional team to solicit input on assumptions and encourage critical evaluation of those assumptions.

Minimum Qualifications:

• Bachelor's degree.
• 10 to 12 years of experience.
• Five to 10 years of supervisory/management experience.
• Additional Qualifications:
  • FSA or experienced ASA.
  • Experience with actuarial assumption review and development or experience studies
  • Strong writing skills demonstrated by effective and efficient documentation of results and the underlying processes used to generate them.
  • Persuasive verbal communication skills demonstrated by the ability to present results to and obtain consensus and approval for recommended actions from senior management and other key stakeholders.
  • Proven effective collaboration with multi-disciplinary groups at all organizational levels.
  • Ability to solution problems independently with limited existing processes and work products to draw from.
  • Extensive insurance business knowledge.
  • Experience leading and developing an engaged, high performing team of actuaries.
  • Proven experience managing multiple simultaneous projects with varying deadlines and priorities.

 

Preferred Qualifications: 

• Experience with Moody’s AXIS actuarial modeling platform strongly preferred.

 

 

 

American National offers eligible employees and their families medical, dental, vision, and basic life insurance. Employees are able to enroll in our company’s 401k plan. Employees also receive annually a bank of paid time off and paid holidays.   We aspire to see people for what they bring to our corporate culture by supporting an inclusive work environment, including an emphasis on a healthy work-life balance, development opportunities, and a casual dress code.

 

American National is an established, stable, and successful multi-line insurance corporation that has provided financial strength and a sense of security to employees, customers and business partners since 1905.  With focus on our organization’s values and cultural richness: Financial Strength, Integrity, Respect, Service and Teamwork (FIRST) and Agility, Collaboration, and Engagement (ACE) we continue to pursue our vision to be a leading provider of financial products and services for current and future generations.

 

Hiring Practices

The preceding job posting was designed to indicate the general nature and level of work performed by employees assigned to this position. It is not intended to be interpreted as a comprehensive list of all duties, responsibilities, and qualifications.  We are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with the job qualifications, we still encourage you to apply. You may be just the right candidate for this position or other opportunities at American National.

 

American National’s recruitment policies help us place individuals in a timely and efficient manner. Only the most qualified candidates will be contacted by our recruiting team. Candidates may check the status of their application(s) by logging into our Career Portal.  Learn more about our company, by following us