Actuarial Risk Director
About The Position
Talcott Financial Group is an international life insurance group and the industry’s trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future. Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $127 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm. Talcott Financial Group’s two core business platforms include: U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re. Overview: Talcott needs a leader with an ownership mentality to support end-to-end risk management of its businesses. This associate will need to embody the following to achieve this. Ability to navigate a matrix organization of leaders and staff Accountability for the accurate creation of risk management deliverables Identifying and seizing upon value creation opportunities as they arise Ensuring business partners receive appropriate education and training to fulfill their responsibilities Adept communication with all business partners to ensure understanding of risk management’s needs Flexibility as Talcott achieves its growth strategy A willingness to exert the discretionary effort necessary to deliver insightful results
Requirements
- At least 8 years of full-time long-term (re)insurance actuarial experience
- Completion of all FSA requirements or equivalent life and annuity actuarial organization Fellowship qualification
- Desire to develop and maintain a thorough understanding of all products assumed in transactions, all reinsurance structures utilized, and all deal risks/mitigants
- Willingness to learn risk management and actuarial software necessary to inform analysis
- Strong effective communication, project management, and leadership skills
- Willingness to exhibit curiosity towards novel work tasks
- Ability to use basic productivity software like Excel, Word, PowerPoint, etc.
- Applicants must be authorized to work in the United States on a full-time basis without current or future visa sponsorship.
Responsibilities
- Ensure the offshore entities’ holistic risk management, inclusive of transaction and key initiative risk oversight, are in compliance with the company’s risk appetite statement and risk policies
- Monitor and analyze risk exposures
- Lead risk analysis of in-force and transaction initiatives
- Lead review of regulatory reporting deliverables such as CISSA, the BSCR year-end filing, and other regulatory deliverables
- Ensure appropriate offshore governance bodies are informed of key risk decisions
- Assist in preparation for regular meetings with regulators
- Help oversee the insurance risk framework, which may require extensive research of insurance risk
- Help calculate, report, and analyze insurance risk exposures
Benefits
- annual bonuses
- long-term incentives
- recognition
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
