Model Maker jobs in Ames, IA

POSITION OVERVIEW

Global Atlantic’s Actuarial Model Development Team is seeking a Sr. Actuarial Analyst to join the Modeling team in Des Moines location. 

Job Description: 

• Developing models and performing thorough and timely pricing and risk analysis, including both statutory and GAAP profitability measures
• Enhance existing model and onboarding new models (for new reinsurance deals) for financial reporting production
• Perform financial and risk analysis and assess statutory and GAAP profitability measures using MG-ALFA actuarial model results and Excel spreadsheet calculation tools
• Preparing model documentation and supporting audit and regulatory requests
• Review and calculation of capital, requirements, Statutory reserves and GAAP reserves
• Working in the life insurance industry with a background in a range of life insurance products offered and specialized expertise with the various types of complex products such as Universal Life
• Modeling of cash flows, reserves, regulatory filing and software implementation of individual life insurance products.
• Familiarity with actuarial modeling software systems, such as MG-ALFA and AFM, used for cash flow projections of insurance business
• Utilizing database software system such as SAS, R, Python, or SQL
• Responding to ad-hoc actuarial requests, including new business case design, product marketing material review and actuarial, reinsurance, tax and other calculations as needed by various stakeholders in an insurance company

QUALIFICATIONS

• Education and experience equivalent to a four-year college degree in actuarial science, mathematics, statistics, finance, or other related field is required 
• Two or more years of experience in the life/annuity insurance industry is required
• Direct experience with MG ALFA and Integrate or other actuarial valuation / projection software is required
• Demonstrated high competency to solve complex calculations and understand technical written material
• Strong communication, technical and analytical skills
• Ownership - Takes personal accountability for the execution of goals and objectives
• Innovative - Able to participate in the generation of new and unique ideas
• Teamwork - Positive attitude necessary to be part of a strong performing team

ADDITIONAL INFORMATION

• Actuarial Role with Student Program Support
• Minimum of three Actuarial Exams previously complete with the candidate continuing to make active progress towards ASA or FSA
• The role is not currently expected to manage other individuals

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