Senior Actuarial Associate

Kuvare Holdings•Rosemont, IL

6d•$71,698•Onsite

About The Position

Kuvare Corporate Management, LLC in Rosemont, IL is an administrative service provider to the Kuvare Companies, which in turn specialize in building tailored solutions for insurance companies. Kuvare Corporate Management, LLC is seeking a Senior Actuarial Associate to develop management reporting for existing business.

Requirements

Bachelor’s degree or higher in Actuarial Science, Mathematics, Finance, Statistics, or related field of study and at least one (1) year of experience in job-offered or in any position(s) in which the experience was gained.
Insurance actuarial experience.
Modeling, analyzing, reporting.
Proficiency in Microsoft Excel, Microsoft Access, SQL, R, VBA.
Develop reporting tables in SQL server.
Develop experience study process with R code.
Develop valuation process with VBA, SQL and Access.
Monitor/Analysis statutory reserve results/trends with vary tools.
Support the Annual Statement reporting.
Demonstrated ability with Actuarial software (e.g., AXIS, MG-ALFA, ARCVal) Managing project(s

Responsibilities

Prepare and help monitor reserve trends monthly on GAAP, statutory, and tax accounting bases.
Develop management reporting for existing business.
Assist in preparation of Statutory Annual and Quarterly Statements.
Update Valuation models and organize results for management.
Assist in gathering information and analysis for external auditor inspections.
Pricing & Product Development.
Support rate setting and other non-guaranteed elements (NGE) process; perform analysis to support business decisions, coordinate signoff, and monitor implementation.
Monitor emerging product experience, manage actuarial assumptions and identifying any new risks.
Coordinate and assist with cross-functional initiatives related to product development and reporting.
Oversee Life and/or Annuity product illustrations; provide support to Customer Service on exemptions and escalated requests.
Develop relationships with internal and external distribution (sales) stakeholders.
Manage projects and stakeholders to promote timely and effective progress on key initiatives.
Assist Pricing Actuaries in designing new products.
Leading cross-functional teams in education, objectives, and project decisions relevant to the product.