Zurich NA Valuation Actuary - Life and Annuity in Albany, New York
Valuation Actuary - Life and Annuity
Zurich North America is currently looking for an experienced Valuation Actuary to support our Life and Annuity group. This role will be based out of our New York -WTC office.
The Valuation Actuary willperform valuation activities across all of our reporting bases: IFRS, IFRS 17, Embedded Value and US Statutory (including PBR). They will be using actuarial modelling software to develop models and run projections. Validating, summarizing and communicating results with local actuaries. management and interacting with colleagues based on our in Switzerland group offices. The Valuation Actuary will maintain and develop the reporting control framework. They will Interact with the pricing function to ensure a seamless transition between pricing and valuation and provide thought leadership and support to our pricing and product development efforts. Support the Chief Life Actuary in developing product strategy, risk management, capital management and financial planning and actively participate in results and forecast discussions with other Finance employees and business leaders.
Under minimal supervision, support valuation of actuarial reserves, financial reporting of embedded value and new business value, preparation of data for solvency and risk-based capital calculations to required quality and timelines for management reporting and business decision-making purposes.
With appropriate review, coordinate, prepare, and perform actuarial analyses including demographic experience analysis, new business profitability analysis and forward looking projections of capital availability and solvency to required quality and timelines for management reporting and business decision-making purposes.
Provide advice and technical expertise on actuarial and risk quantification modeling approaches and implement routine cash flow model developments to ensure quality of model output.
Calculate premiums for new and/or existing products in line with agreed methodologies.
Research and analysis of experience trends and expenses (biometric risks, persistency etc).
Work with internal and external auditors.
• Bachelors Degree and 5 or more years of actuarial experience that includes pricing and/or valuation experience in one or more of the key life product groups: Universal Life, Variable Universal Life and Term Life.
• Experience with actuarial modeling software such as Prophet, MG-ALFA or GGY Axis
• Strong written and verbal communication
• Strong organization skills
• Ability to multi-task
• Excel and/or VBA and/or Access and/or SQL and/or other programming language such as Perl, SAS or C
• Knowledge of Prophet actuarial modeling software, or other actuarial tool for the life industry such as MG ALFA, GGY Axis
• Knowledge of US statutory reserving methods and guidelines, both current and upcoming; UL CRVM, XXX, AG38, VM20
• Knowledge of IFRS reserving methods and guidelines
• Knowledge of Embedded Value
A future with Zurich
Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 148 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.
As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet
Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.
Location(s): AM - New York
Remote Working: true
Schedule: Full Time