What are the responsibilities and job description for the Actuarial Assistant position at Resolution Life?
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Profile Summary:
This role is on the Hedging and ALM Team. This is the entry level point for exam-taking students.
Profile Description:
- Index Hedging – Perform monthly notional calculations for trade execution; monitor performance of maturing hedges/policies; track surplus/deficit position presented to Inforce Mgmt. team; produce quarterly derivatives analysis of market value sensitivities
- VA Rho Hedging – Run interest rate hedge model and work with derivative traders to rebalance VA rho hedge each week
- ICD Testing (DUP Memo) – Each quarter, confirm that liability hedges and underlying liabilities move as expected and are considered effective as specified under the Derivative Use Policy
- Liquidity Stress Testing – Perform quarterly assessment of RLUS’ liquidity position through use of stress test scenarios
- Communicate effectively with manager and other team members, and successfully collaborate with other departments and partners to achieve objectives
- Participate in the Actuarial Student Rotation Program
Knowledge & Experience:
- Bachelor’s degree in Actuarial Science, Mathematics, Finance or other related field
- 1-3 actuarial exams
- Solid oral and written communication and problem-solving skills
- Good time-management skills; ability to manage competing priorities and deadlines
- Preferred experience with Excel, Word and database software and/or programming experience
- Basic knowledge of insurance products and insurance company operations
- Preferred actuarial internship(s) or one in a related field
Location:
West Chester, PA
Critical Skills
At Resolution Life, we have identified the following critical skills which are key to success in our culture:
At Resolution Life, we have identified the following critical skills which are key to success in our culture:
- Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
- Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
- Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
- Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
- Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.