| Location: |
OH-Cincinnati
Lower Midwest (IL, IN, IA, KS, KY, MO, NE & OH) |
| Salary Range: |
Salary range is $80-130K depending on ASA or FSA status |
| Bonus & Incentives: |
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| Position Responsibilities: |
Responsible for the valuation and financial reporting of variable annuities. Manage and perform valuation of variable annuities and innovative rider benefits. Provide timely analysis and explanations of results to management. Advise product development and management on accounting for and hedging of variable annuity guaranteed benefits. Use sophisticated tools including PolySystems software, spreadsheets/databases, and proprietary software applications.
1. Produce and analyze monthly valuation and financial reports for variable annuities on a timely and accurate basis. (30%)
2. Establish, maintain, and analyze actuarial models. (15%)
3. Research and advise management on variable annuity guaranteed benefits. (15%)
4. Develop improvements in financial reporting processes and analytical tools (15%)
5. Manage and produce additional annual reports (blue book, rating agencies, tax reserves, etc.). (10%)
6. Document financial reporting and other project work. (5%)
|
| Education and Certifications/Licenses: |
Bachelors |
| Mandatory Minimum Qualifications: |
Responsible for the valuation and financial reporting of variable annuities. Manage and perform valuation of variable annuities and innovative rider benefits. Provide timely analysis and explanations of results to management. Advise product development and management on accounting for and hedging of variable annuity guaranteed benefits. Use sophisticated tools including PolySystems software, spreadsheets/databases, and proprietary software applications.
1. Produce and analyze monthly valuation and financial reports for variable annuities on a timely and accurate basis. (30%)
2. Establish, maintain, and analyze actuarial models. (15%)
3. Research and advise management on variable annuity guaranteed benefits. (15%)
4. Develop improvements in financial reporting processes and analytical tools (15%)
5. Manage and produce additional annual reports (blue book, rating agencies, tax reserves, etc.). (10%)
6. Document financial reporting and other project work. (5%)
|
| Preferred Qualifications: |
|
| Additional Comments: |
• Estimated % annual travel: minimal
• At least 4 years of relevant experience in actuarial or financial work
• Extensive experience with valuation systems, spreadsheets and database applications
• Solid background with variable annuities
• Knowledge of GAAP and STAT accounting and insurance concepts
• Understanding of insurance company operations
• Associate or Fellow of the Society of Actuaries
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| Benefits: |
|
| Overnight Travel: |
Limited |
| Relocation Assistance: |
Other |
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