Entry level actuarial analyst Empleos en New york ny

JOB TITLE : Actuarial Analyst (Junior)

EMPLOYER : A-CAP Services

DEPARTMENT : Finance - Actuarial

REPORTS TO : Director of Risk Management & Analytics

LOCATION : Onsite in NYC (Hybrid)

SALARY : (See below)

ABOUT THE COMPANY

A-CAP is a rapidly growing organization that owns and operates multiple insurance companies and ancillary insurance businesses and has over $10 billion of total invested assets. This opening is with the holding company, which primarily performs asset management, actuarial, accounting, and other oversight functions on behalf of A-CAP's insurers and third-party clients. This group also provides strategic and operational support to A-CAP's portfolio companies / subsidiaries, proactively formulates new investment strategies, oversees external financing and acquisition activities, and provides modeling support for insurer liabilities and capital. On the insurance product side, A-CAP's primary lines of business are traditional fixed and equity-indexed annuities, with additional business in whole life insurance, Medicare supplement, and hospital indemnity products. A-CAP insurers originate over $2 billion of new premium annually.

ABOUT THE ROLE

Support all core actuarial functions including valuation / financial reporting, planning / projections, cash flow testing, pricing / product development, reinsurance administration and experience studies for all A-CAP products (primarily Fixed / Indexed Annuities with additional exposure to traditional Life Insurance). Work very closely with professionals from other key departments, including Accounting, Systems / IT, and Policy Service.

WHAT YOU WILL DO :

• Reinsurance Administration : Production of reinsurance settlement statements and other calculations and processes related to reinsurance contracts. Implement new processes for new reinsurance transactions and automate existing processes.
• Statutory & GAAP Valuation : Utilize GGY AXIS models to produce and summarize reserves monthly for various Fixed / Indexed Annuity products. Support Microsoft Excel-based valuation and reporting processes for Life Insurance products. Reporting and validation of reserve calculations
• Financial Reporting : Manage preparation of monthly business reports including persistence reports, reinsurance settlements and other pertinent management reports. Work with the Financial Technology team to automate monthly reporting items.
• Financial Projections, Profit Modeling & Cash Flow Testing : Use AXIS models and other tools to assist in the production of financial projections and cash flow testing, which directly feed management decision-making, valuation and financial reporting.
• Experience Studies & Asset / Liability Management : Perform experience studies related to actuarial assumptions used for valuation and pricing. Assist with asset liability management including hedging effectiveness studies.
• Other Actuarial Projects : Work on teams in support of actuarial projects.

WHAT YOU WILL NEED : Essential (Required)

Desired

SALARY TRANSPARENCY NEW YORK :

We know our people are our number one asset and we put a premium on hiring and retaining the best talent. For that reason, we reward our employees with a competitive compensation package.

Our salary ranges are determined by role, level, and location. For individuals hired to work in New York State, A-CAP is required by law to include a reasonable estimate of the compensation range for this role. This range is specific to the locations listed above and considers the wide range of factors considered in making compensation decisions, such as job-related skills, experience, and relevant education or training. A reasonable estimate of the current salary range is $80,000.00-$105,000.00 USD annually.

BENEFITS :

A-CAP works hard to create a positive and supportive environment. That's why we offer great benefits to safeguard the health and well-being of our employees. Our comprehensive benefits package includes :

POSITION TYPE AND EXPECTED HOURS OF WORK

This is a full-time position. Days and hours of work are Monday through Friday, 9 : 00 a.m. to 6 : 00 p.m., 40 hours weekly, or as otherwise arranged with the manager of the department.

US work authorization is required.

Who We Are : http : / / www.acap.com /

EEO Statement

A-CAP is an Equal Opportunity Employer and does not discriminate in recruiting, hiring, promotion or any other personnel action based on the basis of race, ethnicity, national origin, color, sex, gender, gender identity or expression, sexual orientation, religion, age, disability, veteran status, or any other basis covered by appropriate law. We comply with the laws and regulations set forth in the Know Your Rights poster. All employment is decided on the basis of qualifications, merit, and business need. To request an accommodation, contact [email protected] and we will make every effort to respond to your request within 48 business hours to work towards a positive solution.

Disclaimer :

The above is intended to describe the general content of and requirements for the performance of this job. It should not be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.