SENIOR ACTUARIAL ASSOCIATE RESUME EXAMPLE
Published: Nov 7, 2024 – The Senior Actuarial Associate plays a key role in supporting system conversion projects for Structured Index Annuities, including model updates and regulatory compliance. This role performs quarterly and monthly analyses on statutory reserves and collaborates closely with pricing, product, and IT teams to ensure accurate data processing and reporting. The senior also partners with various stakeholders to facilitate new product development, and regulatory updates, and interpret financial trends for informed decision-making.
Tips for Senior Actuarial Associate Skills and Responsibilities on a Resume
1. Senior Actuarial Associate, Aegis Insurance Solutions, Denver, CO
Job Summary:
- Complete quarterly tasks promptly including reconciliations of reserve and asset table, review of reserve trending analysis, and Rightsizing
- Collaborate across functional teams to prepare Appointed Actuary’s memoranda and Opinions/Certifications/RepLetters/Reliance Statements/state-specific supplements
- Support preparing regulatory and board filings
- Support Actuarial Oversight activities
- Perform review and reconciliation of actuarial items in annual statements
- Provide key support to enterprise consolidation and sign off on various stress testing
- Recommend and execute process improvements by leveraging tech solutions to enhance capability and efficiency
- Develop pricing models for potential reinsurance transactions
- Analyze the profitability and risk profile of deals and recommend appropriate solutions
- Support the onboarding of business into management and financial reporting areas
- Develop, maintain, and enhance pricing tools and models
Skills on Resume:
- Financial Reconciliation (Hard Skills)
- Regulatory Knowledge (Hard Skills)
- Collaboration and Teamwork (Soft Skills)
- Actuarial Analysis (Hard Skills)
- Process Improvement (Hard Skills)
- Pricing Model Development (Hard Skills)
- Risk Analysis (Hard Skills)
- Communication Skills (Soft Skills)
2. Senior Actuarial Associate, Orion Risk Management, Nashville, TN
Job Summary:
- Support major initiatives from an Actuarial standpoint
- Design and implementation of Targeted Improvements to Long-Duration Contracts under US GAAP.
- Support finance revitalization initiative from an actuarial perspective, including data strategy
- Monitor valuation of Life and Annuity blocks
- Reinsured with administration by the reinsurer, including the execution of controls and analytics
- Support annual best estimate assumption setting
- Support preparation and review of Actuarial memoranda and PBR reports
- Participate in the Actuarial Student Rotation Program
- Develop and maintain pricing models and pricing assumptions
- Conduct profitability analyses
- Manage product-specific reinsurance arrangements
- Analyze product-related financial risks
Skills on Resume:
- Actuarial Support for Initiatives (Soft Skills)
- Targeted Improvements Design (Hard Skills)
- Data Strategy Development (Hard Skills)
- Valuation Monitoring (Hard Skills)
- Reinsurance Administration (Hard Skills)
- Assumption Setting (Hard Skills)
- Memoranda and PBR Report Preparation (Hard Skills)
- Profitability Analysis (Hard Skills)
3. Senior Actuarial Associate, Pinnacle Actuarial Resources, Richmond, VA
Job Summary:
- Support the Structured Index Annuity system conversion project
- Work on the new SIA Prophet statutory model to support quarter close – production run, attribution, sensitivity analysis, statutory reserve aggregation calculation with Variable Annuity, etc.
- Collaborate with the pricing team on launching new SIA products
- Analyze and test data for different streams of the project – admin data, valuation model input, and output, reporting – using Excel, Access, and database tools like Alteryx
- Research and gain familiarity with relevant product features and actuarial guidelines
- Collaborate with various teams including – Model Development, VA ALM, Annuity Product, IT
- Support emerging projects such as data system conversions and updating of processes and models for regulatory and accounting changes
- Support Variable Annuity month close work
- Review and advise on the terms of existing products
- Contribute to the design of new products
- Perform monthly reserve analysis to validate reserve changes, explain reserve changes, and interpret financial trends
- Ad-hoc requests and business partnering with key stakeholders (accounting, finance, reinsurance, tax, audit, etc.)
Skills on Resume:
- SIA Conversion Support (Soft Skills)
- Statutory Model Development (Hard Skills)
- Product Launch Collaboration (Soft Skills)
- Data Analysis (Hard Skills)
- Actuarial Guidelines Familiarity (Hard Skills)
- Cross-Functional Collaboration (Soft Skills)
- Reserve Analysis (Hard Skills)
- Stakeholder Partnership (Soft Skills)
Relevant Information