Assistant Actuary

Assistant Actuary

Job LocationsUS-MD-Frederick ID 2025-3192 # of Openings Remaining 1 Category Finance & Tax

Overview

At Legal & General America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we're working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals, and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

Responsible for supporting the development, enhancement, and maintenance of asset related actuarial models supporting our Trad, Universal Life (UL), Immediate Annuity and Deferred Annuity (SPIA / DA), & Pension Risk Transfer (PRT) and other businesses. Models are used for various purposes, including Valuation for all applicable accounting bases (Solvency II, Cash Flow Testing, IFRS, STAT, GAAP, Bermuda EBS, etc.), Corporate Planning, Investment Analysis, and Financial Reinsurance Pricing.

All model development must meet model validation, control, and documentation requirements defined by the company's model governance policy and procedures.

Responsibilities

Provide asset modeling for Axis production datasets including Trad, PRT, UL, SPIA& DA.

• Support model review and release and compliance with MRCC requirements
• Provide insights into emerging business needs including new asset types, new regulations
• Perform analysis on existing asset types to confirm appropriateness of model and data
• Develop, review, and test asset models using Axis, Excel, SQL or other software, ensuring models are appropriately built and are fit for the intended purposes
• Maintain detailed documentation of all changes and evidence of appropriate model governance
• Maintain multiple reinvestment strategies and accounting bases for various purposes (PRT Plan, Protection Plan, CFT, etc.)
• Monthly creation for Discount Rate in AXIS for applicable accounting bases
• Quarterly creation for IFRS Top-down discount rates, IFRS Expected Return (Op Profit) and support in AXIS for IFRS Investment Variance Analysis
• Creation of periodic Asset specific reports used for reporting and / or analysis by Valuation and Investments
• MV Stress Testing for applicable accounting bases (IFRS and / or US GAAP, SII, ALM, ICS, Bermuda Reporting, etc)
• Multi-Assumption Asset Cash flows
• Support Market Spread / Duration calculations
• Support financial assumption setting for applicable accounting bases, and asset sensitivities for Banner and associated Legal entities (Penn, Vermont Captives, Bermuda, etc.).
• Support IFRS 9 requirements
• Provides asset modeling expertise and collaborate with accounting, valuation, finance, model development, financial planning, IT, and others,
• Provide subject matter expertise, mentoring and training for more junior staff members on technical asset modeling tasks.
• Other duties as required.

Qualifications

Education

BS / BA Math / Statistics / Other Analytical Field

ASA (Career or working toward FSA)

Experience / Knowledge

Skill s

What's in it for you?

The expected hiring compensation range for this position is $107,800 - $148,200 annually. This is a remote opportunity operating on EST.

The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses. This role is eligible to participate in the Legal & General America Annual Incentive Plan. The current target payment for the position is 20% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date. This role has 20 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year .

We have a competitive compensation and benefits package focused on your overall wellbeing. Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; generous time off; and wellbeing initiatives throughout the year (we like doing fun stuff). We're big on professional development and we'll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We value our teams and our communities and believe in giving back. Enjoy time off to volunteer for those causes that matter most to you!

If hired, employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department / team performance, and market factors. The Company reserves the right to change benefits plans at any time.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.