This range is provided by Prosperity Life. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
$80,000.00/yr - $100,000.00/yr
Prosperity is hiring an Actuarial Analyst who will contribute to the Company’s M&A and reinsurance endeavors. This is a highly visible role within an extremely active Corporate Development group that reports directly to the Office of CEO. The individual reports to the Director, M&A and Reinsurance Actuary and would play an integral role in conducting actuarial analyses and due diligence on transactions as well as supporting existing deal management and flow business pricing. He/she will also partner with finance, actuarial, investments and other functional groups to analyze various projects .
Major Duties And Responsibilities
Perform preliminary actuarial due diligence on financial and actuarial data for active transactions, including policy statistics, product features, risk profile, etc.
Develop and maintain earnings actual-to-expected analysis and other metrics to monitor performance of existing deals
Support flow business pricing analysis by updating actuarial projections and sensitivity assessments in MG-ALFA, while managing production data
Assist in constructing statutory cash flow models for M&A and reinsurance transactions
Drive the actuarial due diligence process, treaty negotiations and related activities by managing due diligence requests, liaising with external consultants and coordinating with other functional leads
Integrate actuarial cash flows from MG-ALFA into Excel-based transaction models and conduct analysis
Facilitate the seamless transition of deal models to the corporate actuarial valuation and Embedded Value team following transaction closure
Job Qualifications
Bachelor's degree in actuarial science, mathematics, statistics, or a related field
Completion of 2-3 SOA actuarial exams, with progress towards ASA designation
0-2 years of experience in actuarial or a related discipline, preferably within the life insurance sector
Demonstrated fundamental knowledge of actuarial principles, concepts, practices, and processes; basic financial knowledge is preferred
Proficiency in Microsoft Excel and other MS Office suites; familiarity with programming language is a plus
Strong analytical and problem-solving skills
Ability to handle multiple priorities in a face-paced environment
Organized, reliable, detail-oriented, and motivated to deliver timely and high-quality work
Excellent communication and interpersonal skills to foster effective collaboration across teams
Physical Requirements
May require travel (5-10%)
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Seniority level
Entry level
Employment type
Full-time
Job function
Finance and Sales
Industries
Insurance
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