Senior Actuarial Consultant, EBS Reporting

Talcott Financial Group•Hamilton, TX

6d•$120,000 - $160,000

About The Position

Talcott Financial Group is seeking a Senior Actuarial Consultant to perform actuarial functions related to Bermuda Economic Balance Sheet (EBS) reporting across multiple lines of business and two legal entities. This role involves end-to-end actuarial reporting and valuation for annuity liabilities, ensuring timely and accurate reporting under EBS. The product oversight will focus on Annuity (non-Variable Annuity) business, specifically Fixed Indexed Annuity (FIA), Fixed Annuity (FA), and Payout annuities. The consultant will utilize GGY-AXIS models, perform financial controls, back-end validation, and management reporting. A key aspect of the role is maintaining an appropriate reporting oversight environment, recommending and documenting enhancements to valuation methodology, assumptions, controls, and procedures. Collaboration with various teams such as Experience Study, ALM, Investment Management, Asset Modeling, and Liability Modeling is crucial for recommending and evaluating enhancements. The position also supports decision-making in attribution analysis, BEL analytics, EBS BEL projections, and ALM dashboard development. Additional responsibilities include supporting regulatory filings as an Approved Actuary, designing and performing sensitivities, stress tests, and cash flow projections, assisting in the onboarding of new transactions, supporting the company's vision and cultural values, fostering collaboration, and maintaining relationships with external parties like auditors and regulators.

Requirements

Bachelor's degree in mathematics, statistics, actuarial science, or related field
Associate of the Society of Actuaries (“ASA”) or near ASA
Minimum of 3 years of work experience in insurance or finance, with prior experience in actuarial valuation, modeling, liability management, and/or risk management
Deep knowledge on General Account liabilities, in particular Fixed Indexed Annuity, Multi-year Guaranteed Annuities and/or Payout Annuities, is strongly preferred
GGY AXIS or other actuarial modeling software experience is strongly preferred
Knowledge of the U.S. Asset Adequacy Testing (Cash Flow Testing), EBS, and/or asset modeling (including asset-liability interactions) is preferred.
Strong technical skills and attention to detail for the purposes of reviewing model results, improving processes, and solving complex problems.
Aptitude for technical software and coding, including proficiency in Excel, VBA, Python, R and Microsoft Fabric
Excellent communication and interpersonal skills, with the ability to collaborate with various stakeholders at all levels within the organization as well as external partners.
Understand interdependencies and workflow between functions and geographies within a group framework
Self-reliant and capable of quickly learning new concepts, thinking creatively and critically, agile and adaptable to changing needs and challenges of a fast-paced company
Results-oriented and able to work under tight deadlines in a high-performance environment.
Ability to travel 10% (e.g., Bermuda if located in the U.S.) when required

Responsibilities

Perform the end-to-end actuarial reporting and valuation for annuity liabilities, ensuring timely and accurate reporting under EBS.
Product oversight will focus on Annuity (non-Variable Annuity) business, specifically Fixed Indexed Annuity (FIA), Fixed Annuity (FA) and Payout annuities.
Run GGY-AXIS models and perform financial controls, back-end validation, and management reporting on the model output.
Maintain an appropriate reporting oversight environment that includes recommending, implementing, and documenting enhancements of valuation methodology, assumptions, controls, and procedures.
Collaborate with Experience Study, ALM, Investment Management, Asset Modeling, Liability Modeling to recommend and evaluate enhancements/changes.
Support decision making in attribution analysis to explain key drivers of quarterly changes in EBS assets, best estimate liabilities (BEL), and surplus.
Support decision making in BEL analytics and BI to effectively understand cash flow profile, asset-liability interactions, and key metrics under different scenarios.
Support decision making in EBS BEL projections under different scenarios to support FP&A and Risk Management on a timely and effective manner.
Support decision making in ALM dashboard for annuity ALM risk management. Collaborate with ALM, Investment Management, Asset Modeling and recommend enhancements to ALM procedures.
Fulfill other roles and responsibilities as required to support the growth and evolution of overall enterprise and execution of key priorities, including, but not limited to: Approved Actuary support in quarterly, annual, and ad hoc regulatory filings.
Design processes and perform sensitivities, stress tests, cash flow projections to support key business partners (e.g., Risk Management, U.S. Cash Flow Testing).
Assist in the onboarding of new transactions, including establishing reinsurance settlements and reporting, and setting policies and controls.
Support vision and cultural value of TFG.
Foster collaboration between Actuarial and other key business partners including Corporate Development, Enterprise Risk Management, Finance, and ALM.
Establish and maintain good working relationships with auditors, regulators and other external parties, including being an effective advocate for TFG and representing TFG in industry groups and events.