Actuarial Associate, Tempest Life Re - Military Veterans
at Combined Insurance
Chubb Tempest Life Re (CTLR), based in Bermuda, specializes in solutions designed for the management of multi-faceted risks including economic/financial, policyholder behavior-driven, and mortality risks. In the variable annuity marketplace, we possess the actuarial expertise and experience to analyze and manage reinsurance programs for various embedded risks including guaranteed minimum death benefits, guaranteed minimum income benefits, and other benefit guarantees. Chubb Tempest Life Re also offers direct life insurance products to individuals through its branches in Taiwan and UAE and its subsidiary in Europe, and offers solutions to Chubb Life by leveraging its expertise in VA reinsurance. CTLR has an immediate vacancy for an Actuary Associate in our Jersey City office. This role reports to the VP & Chief Actuary CTLR and will be a key member of a dynamic team responsible for the risk management and valuation of life and annuity reinsurance business, with a focus on VA guaranteed benefits
- Analyzing risk components, statistical information, and financial soundness on variable annuity for life reinsurance business by developing and maintaining actuarial reporting models;
- Executing the reporting and analysis of risk mechanisms through the development and preservation of stochastic simulation models using experience with running stochastic modeling and economic scenario generators as per the actuarial guidelines;
- Implementing regular production of valuation prototypes accumulating results and producing analytic summaries using experience with calculating the statutory reserves and capital for the variable annuity business and presenting analytic summaries for the same;
- Updating and running production valuation models, compiling results, and producing analytic reports for senior management.
- Supporting other aspects of the life reinsurance business, including collateral management, local statutory filings, internal and external audits, hedging, experience studies, sensitivity testing, etc.
- 1-2 ASA exams completed
- Expertise with actuarial modeling software
- Proficiency in Excel for statistical analysis, Access and Word
- Knowledge of Risk Agility FM and economic scenario generators
- Knowledge of programming languages including Visual Basic and SQL
- Experience with US GAAP - LDTI
Jersey City, NJ
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