Actuarial Assistant, IFRS Valuation

At Legal & General America (LGA), we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we're working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

The Actuarial Assistant is a member of the IFRS Valuation team, responsible for production, analysis, and review of IFRS reserves and related financial information (including Best Estimate Liabilities (BEL), Risk Adjustment (RA) and Contractual Service Margin (CSM)) for Legal & General America and affiliated entities.

IFRS valuation processes

Comprehensive understanding of the underlying IFRS 17 framework and key concepts (e.g., Best Estimate Liabilities (BEL), Risk Adjustment (RA) and Contractual Service Margin (CSM), etc.)
• Comprehensive understanding of individual and team responsibilities regarding all monthly, quarterly, and annual valuation requirements, and performing assigned processes within specified deadlines
• Operating GGY-AXIS models and associated SQL processes to produce reserves and related financial metrics (e.g., BEL, RA, CSM, Stress & Scenario Testing (SST), etc.) according to IFRS requirements and actuarial principles (e.g., User Acceptance Testing, model evaluations, output data processing, etc.). Reviewing results and carrying out relevant analyses. Compiling information for regulatory disclosures (e.g., schedules and exhibits) as required.

Documentation & stakeholder communication

• Maintaining and enhancing documentation of valuation processes and procedures
• Producing analysis and review results regarding reserves and related financial metrics
• Preparing materials for internal and external audit requests

Control environment & process improvements

• Ensuring continuing model appropriateness and accuracy of IFRS systems, and compliance with applicable control frameworks
• Proactively identifying areas for process improvement (e.g., automation of procedures) and implementing solutions to exploit the benefits of improvement opportunities

Other duties

• Complying with relevant professional development requirements and guidelines (e.g., active pursuit of actuarial credentials)
• Supporting additional projects as required

Education

• BS/BA in Actuarial Science, Mathematics, Statistics, Economics, or related field
• 3+ Society of Actuaries exams and active exam progression

Experience/Knowledge

• 2+ years of life insurance/actuarial experience, including valuation
• Experience maintaining controlled production processes
• Understanding of life insurance products and related risks
• Technical knowledge of key reporting bases (IFRS17 preferred)

Skills

• Strong actuarial analytical skills and problem solving capabilities
• Actuarial software skills (GGY-AXIS experience preferred)
• Spreadsheet and database capabilities (Excel, VBA, SAS, SQL), including programming
• Strong self-motivation and attention to detail
• Proficient written and oral communication skills
• Ability to multi-task in a deadline-oriented environment
• Ability to work independently and collaboratively

What's in it for you?

The expected hiring compensation range for this position is $76,600 - $105,325. annually. Hybrid role with 3 days in office per week.

The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses. This role is eligible to participate in the Legal & General America Annual Incentive Plan. The current target payment for the position is 8% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date. This role has 15 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year.

We have a competitive compensation and benefits package focused on your overall wellbeing. Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; generous time off; and wellbeing initiatives throughout the year (we like doing fun stuff). We're big on professional development and we'll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We value our teams and our communities and believe in giving back. Enjoy time off to volunteer for those causes that matter most to you!

If hired, employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. The Company reserves the right to change benefits plans at any time.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.