Associate Actuary

Position Summary:

The Actuarial Associate, Insurance Risk Modelling plays a key role in the development, maintenance, and validation of insurance liability models that support pricing, valuation, hedging, and asset-liability management (ALM). This role involves building and enhancing models within the firm’s risk platform, performing stress testing across multiple regulatory and economic frameworks, and ensuring models remain aligned with evolving product features and assumptions. The associate collaborates closely with risk management and business stakeholders to communicate insights, support transaction onboarding, and contribute to the development of analytical tools that strengthen risk oversight and challenge existing modeling and pricing practices.

Responsibilities:

• Develop insurance liability models in GA Risk’s liability modelling platform.
• Communicate findings and implications to Risk’s management team and other stakeholders
• Help onboard various Institutional transactions onto our Risk platform.
• Perform liability stresses under different lenses (GAAP/Stat/Econ/Bermuda) and understand both actuarial and market risks.
• Support new product launches and ensure the risk models are up to date with regular rate changes, new product features.
• Perform validation and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within models.
• Assist in the development and use of quantitative models and analytical tools that enable the Risk function to provide constructive challenge to the current risk management, modeling, and pricing practices.

Qualifications:

• Bachelor's Degree in a quantitative discipline required.
• 5+ years in a diversified life and annuity/financial or actuarial consulting firm.
• Professional designation in financial risk management, such as FSA/ASA or CFA preferred.
• 5+ years of experience in insurance models with proven track records of modelling complicated insurance products.
• Knowledge of insurance products (both life and annuities) preferred.
• Previous experience in hedging or ALM preferred.
• Python programming skills are highly desired.
• Strong verbal and written communication skills, especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences.

This role is not eligible for visa sponsorship now or in the future.

This is the expected annual base salary range for this New York-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Base Salary Range $120,000 - $130,000