Actuary Job at AAA Life Insurance Company, Livonia, MI 48152

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Job Description

Overview:
The Actuarial Trainee is responsible for developing and maintaining actuarial functions relating to product development, reserve valuation, financial reporting, forecast cash flow testing, and reinsurance.


Position Responsibilities


  • Understands, programs, tests, and validates data using Access, Excel or advanced programming techniques (e.g., SQL, C#, etc.)
  • Performs ad-hoc reporting
  • Reviews own work for accuracy
  • Uses established documentation and procedures and recommends updates where appropriate
The Actuarial Trainee will be responsible for the functions described in one or more of the following areas:


PRICING AND PRODUCT DEVELOPMENT

  • Performs competitor studies or other related product research
  • Utilizes MG-ALFA actuarial software to develop financial models
  • Gathers data needed to develop or validate pricing assumptions
  • Supports the creation of models through data gathering, data validation, and grouping of assets & liabilities

VALUATION AND FINANCIAL REPORTING
  • Performs experience studies
  • Assists in the calculation and validation of statutory, GAAP, and tax reserves
  • Runs month-end reporting process
  • Gathers data for financial statement preparation
  • Updates and runs financial forecasting models
Posted Salary Range: USD $57,428.00 - USD $86,143.00 /Yr.

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