Lead Asset Modeling Actuary

Overview

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Responsible for complex actuarial projects and processes in product development, financial modeling, financial reporting, risk analysis, asset modeling, or data analysis, as applicable. Performs the highest-level activities related to the application of advanced actuarial principles for insurance/finance. Through collaboration with technical teams, leads initiatives associated with the development of actuarial models, databases, and methodologies.

• Manages the modeling of general account asset cash flows in MG-ALFA/Integrate.
• Where necessary, develops assumptions based on industry research/experience.
• Utilizes existing MG-ALFA/Integrate functionality and creates new functionality for cash flow projection.
• Coordinates with asset managers and investment accounting to collect asset data.
• Collaborates with liability modelers to implement asset modeling and manage reporting timelines.
• Collaborates with asset liability management (ALM) to test strategic asset allocation portfolios.
• Trains liability modelers to understand asset structures and evaluate asset cash flow projections.
• Supports asset related aspects of regulatory filing requirements (e.g., AG55 & AG53).
• Leads cross-functional and cross-departmental team meetings, meetings with senior management, and meetings with external parties.
• Works independently, setting priorities and deadlines, and sharing status with senior management.
• Communicates with actuarial associates at all levels, cross-departmental associates at all levels, and external parties, orally and in writing.
• Composes reports and presentations for senior management.
• Provides senior manager level review of proposed actuarial methodology changes, new product implementations, and the work product of project teams.
• Directs processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
• Drives initiatives for improving methods and procedures, as necessary, to increase efficiency and improve controls.
• Leads cross-functional and cross-departmental projects, creating project plans and assigning tasks.
• Develops specific skills of cross-functional team staff for projects and control deployment.
• Serves as an expert resource for the company in several areas of regulatory, professional, or technical knowledge.
• Finds issues, proposes solutions, identifies and secures resources, and resolves.
• Directs the identification of risks and development of mitigating controls.
• Pursues emerging technical knowledge and represents Jackson at industry forums.

• Performs other duties and/or projects as assigned.

• Ability to model general account asset cash flows using actuarial software.
• Extensive knowledge of various debt and private equity assets and their structures
  • Corporate bonds
  • Commercial mortgage loans
  • Structured debt (RMBS, CMBS, ABS, ABF, etc.)
  • Private debt (direct lending, etc.)
• Ability to work with asset managers.
• Extensive knowledge of asset/liability management concepts, such as cash flow matching, durational matching, etc.
• Expert knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
• Expert in one or more of insurance product lines (life, annuities). Advanced knowledge in one or more other lines.
• Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, or modeling). Advanced experience in at least one other key field of actuarial work.
• Firm understanding of all fields of actuarial work.
• Expert knowledge of several actuarial applications used by Jackson, such as SAS, Python, ALFA, etc.
• Understanding of industry advancements, best practices and technology initiatives.
• Ability to guide cross-functional and cross-departmental project teams to implement advanced changes to applications.
• Ability to envision process and model improvements and develop approaches to implement the improvements.
• General to advanced understanding of several processes applied across the Jackson actuarial department.
• Abili…