Valuation & Modeling Actuary

Responsible for all aspects of Actuarial work related to development, ongoing reporting, governance and documentation of US GAAP, Statutory and Tax financials at Prosperity.

Requirements

• Demonstrate an understanding of insurance products and terminology
• Enhance ALFA and ArcVal modeling knowledge needed to support financial reporting
• Assist in establishing and maintaining controls over valuation systems, processes and databases to ensure that the company’s results comply with reporting requirements
• Partner with modeling peers to convert the ArcVal Statutory valuation models to ALFA
• Partner with peers, underwriters and the M&A team to evaluate transactions, price reinsurance contracts and assist in drafting of treaties
• Assist in maintaining detailed documentation for all key assumptions underlying the development of financials
• Support external auditor’s review processes and procedures for financial reporting
• Develop and maintain a current knowledge of all regulatory requirements for financial reporting
• Monitor regulatory environment and recommend, develop and implement financial reporting changes as necessary
• Build actuarial expertise in the interpretation and understanding of financials
• Participate in the development, optimization, and maintenance of tools to assess earnings changes