Actuary - Life Insurance - REMOTE

Senior Assistant ActuaryAt Banner Life Insurance Company, we lead with heart and ambition. Every day, we transform purpose into progress, guided by our unwavering commitment to be better for our customers, clients, and communities, not just today but long-term as well. Our people are the driving force behind everything we achieve. Their passion, purpose, and pursuit of innovation empower us to deliver cutting-edge solutions that support those we serve, ensuring we are here for you, here for good and striving for better.By offering career development opportunities, comprehensive benefits, and programs that support your wellbeing, we help you thrive personally and professionally. The Senior Assistant Actuary will be a member of the 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 Banner Life and affiliated entities with a focus on its pension risk transfer (PRT) business. Additionally, you will support the design, recommendation and implementation of significant and sophisticated changes to relevant processes to reflect specific requirements with respect to the Company's upcoming transition to US GAAP.Best Estimate Liabilities (BEL), Risk Adjustment (RA) and Contractual Service Margin (CSM), etc.)This will include the review and analysis of assets used in the VIR, preparation of materials documenting the VIR for external and internal consumption, and coordination with the key stakeholders over these processes. Additionally, acting as the team's subject matter expert for Investment Variance (IV) and Operating Profit analyses for Banner Life's pension risk transfer (PRT) business working directly with other departments and company leadership for these reviews.Support of the modification and implementation of reporting processes to reflect the specific requirements with respect to the Company's upcoming transition to US GAAP.Understanding of Moody's 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. Reviewing results and carrying out relevant analyses. Compiling information for regulatory disclosures (e.g., Documentation & stakeholder engagement Maintaining and enhancing documentation of valuation processes, procedures, and controlsProducing management information regarding reserves and related financial metrics, and presenting analysis and review results to relevant stakeholders (including nontechnical audiences)Preparing materials for internal and external audit requestsControl environment & process improvements Ensuring continuing model appropriateness and accuracy of IFRS systems, and compliance with applicable control frameworksProactively identifying areas for process improvement (e.g., process flows, actuarial analysis & review methodologies, etc.) and implementing strategic solutions with outreaching impacts on the businessEngaging directly with key stakeholders across Finance, IT, and external parties for making changes to processes and controls impacting the IFRS valuationOther duties Complying with relevant professional development requirements and guidelinesLeading and directing the work of others on the team as necessaryPromoting company culture by demonstrating Banner Life's core behavioral competencies: Collaborative, Purposeful, and StraightforwardProactively supporting additional / cross-functional projects as requiredQualificationsEducationBS/BA in Actuarial Science, Mathematics, Statistics, Economics, or related fieldFSA, Advancing ASA or Career ASA with 12+ years experienceExperience/Knowledge6+ years of pension risk transfer/life insurance/actuarial experience, including valuationUnderstanding of life insurance products and related risks; preferred experience with PRT businessDetailed knowledge of IFRS17 and/or US GAAP reporting frameworksExperience maintaining controlled production processesSkillsStrong actuarial analytical skills and problem solving capabilitiesActuarial software skills (Moody's AXIS experience preferred)Spreadsheet and database capabilities (Excel, VBA, SAS, SQL), including programmingProficient written and oral communication skillsAbility to convey technical concepts to non-technical audiencesComfortable with changing demands / prioritiesStrong self-motivation and attention to detailAbility to multi-task in a deadline-oriented environmentAbility to work independently and collaborativelyWhat's in it for you?This is a remote eligible opportunity, with preference given to candidates local to the Frederick, MD office.The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses. The current target payment for the position is 20% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date. This role has 20 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year.Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; 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. 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. 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.