Senior Analyst, Actuarial Financial Reporting

Full-time - Entry Level

Boston, MA

About the position

This position, located in the Boston, MA office, will support the valuation and financial reporting of Pension Risk Transfer (PRT) or annuity blocks. The candidate will work with the valuation team in both the reporting and analysis/review of the business. The hiring manager will consider either an Analyst or Sr. Analyst level based on prior experience.

Responsibilities

• Calculating US Statutory, Tax, US GAAP reserves, and other related actuarial balances.
• Providing analysis, including sensitivities, for both statutory and GAAP balances and earnings impacts.
• Maintaining and improving various controls, including Sarbanes-Oxley (SOX).
• Assist cross functional areas (Pricing, Modeling, IT, Data) to onboard new deals to existing modeling and valuation platforms.
• Conduct annual impact testing for potential assumption changes.
• Supporting Asset Adequacy Analysis, audit and regulatory requests.

Requirements

• 2+ years Actuarial experience in the life insurance and retirement industry preferred.
• Progress toward the ASA designation preferred.
• Knowledge of annuity or life insurance products and/or background in life and annuity US Statutory and GAAP valuation preferred.
• Experience with actuarial software, especially MG-ALFA, helpful.
• Strong communication, technical, and analytical skills.
• Takes personal accountability for the execution of goals and objectives.
• Able to participate in the generation of new and unique ideas.
• Has positive attitude necessary to be part of a strong performing team.

Benefits

• 401(k) with immediate vesting on employee contributions and company match.
• Annual cash bonuses.
• Long-term incentives (equity).
• Generous health, retirement, life and disability plans.
• Customizable and comprehensive benefits package.
• Community outreach and charitable giving programs.