Assistant Actuary

Legal & General America (LGA) is a nationally recognized market leader in the life insurance industry. By joining LGA, you become part of a team that works diligently each day to protect American families. We are a collaborative organization that's built on trust, creativity, and taking initiative. Our work is part of a larger cause. We help close the life insurance gap so more American families can be protected financially. We value each member of our community and provide excellent benefits, opportunities for personal growth, and a chance to make a difference. Our associates' passion and dedication, as well as our career development opportunities, outstanding benefits, focus on wellbeing, and community support contribute to our exceptional workplace culture!

Legal & General America believes diversity makes us better. For us, it is not just about being an Equal Opportunity Employer, which we are proud to be. It is about inviting different experiences, backgrounds, and perspectives to our work; and making conscious efforts to reach out to candidates who can bring different ideas and perspectives to what we do and create together. We invite passionate people, committed to excellence, to join our team. We invite you to make our team richer and better. Visit our careers page here to learn more about us and why we've been a certified Great Place to Work for the past seven years in a row.

Primarily responsible for the creation and maintenance of Moody's Axis actuarial models used to support the production process, including models used in Corporate Planning, Solvency II, Cash Flow Testing, Valuation (Stat, Tax, IFRS4), as well as supporting IFRS 9, IFRS17, & PBR. Demonstrated ability to function as the model steward for assigned Axis datasets is essential. Inform stakeholders of progress and agreed prioritization of all model change requests, striving to execute all requests with superior quality, timing, and communications. Collaborate with model development, model governance, model users, and other departments across organization.

AXIS Term/WL Model Development

Support the model stewards of Moody's Axis production datasets.
• Code new products and re-price activity keeping pace with the aggressive pricing cycle
• Code Pension Risk Transfer (PRT) transactions
• Code reinsurance transactions
• Provide Axis expertise on model development, refinement, and implementation
• Assure compliance with regulations, actuarial standards & guidelines, and industry best practices
• Develop, test, and analyze model changes for each product, metric, and purpose
• Provide support during functional design, model specification, development, and implementation stages
• Ensure model control is maintained to prevent unauthorized changes and ensure integrity of model results
• Maintain detailed documentation of all changes, including impacts under key reporting base

Maintain Model Point File (MPF) creation process

• Run SQL frontend code and prepare monthly Axis in-force files
• Provide expertise on design and development of SQL frontend and backend

Coordination and Leadership

• Coordinate with stakeholders to ensure functionality, validation, and production meets timelines
• Collaborate on assumption changes and new functionality
• Ensure consistency across models and metrics
• Identify and implement improvements, including automation of manual tasks where possible

Education

• BS/BA Math/Statistics.
• Advancing ASA or Career ASA

Experience/Knowledge

• 5+ years of life insurance/actuarial experience
• Axis model development experience required
• Experience with Term & UL products preferred.
• Pension buyout or payout annuity experience preferred.
• Experience in multiple accounting methods (STAT, Tax, IFRS, SII) preferred

Skills

• Moody's Axis experience is a key requirement and Datalink experience is expected.
• Spreadsheet and database capabilities (Excel, MS Access, and SQL).
• Strong actuarial analytical skills and problem-solving ability
• Strong written, oral, and presentation skills.
• Ability to multi-task in a deadline-oriented environment
• Collaborative with ability to be a team player on cross-functional teams

Our people are our greatest asset. Addressing the following key business priorities, will enable us to achieve our growth ambitions and deliver successfully to our customers:

What's in it for you?

We'll offer you a competitive salary and a hybrid work environment. Your benefits will include health, life, and dental insurance, 401K with company match up to 6% as well as a pension package, generous time off, and wellness 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 believe in teamwork, collaboration, wellbeing, and knowledge sharing as our fundamental ways of working.

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.

This role is to be filled outside of the state of Colorado.

#LI-Hybrid