Great-West Financial Empower Retirement

Senior Actuary - PBR

US-CO-Denver (DTC)
1 month ago
Job ID
14891
# Positions
1
Category
Actuarial - Professionals

Position Highlights

Possess strong expertise/knowledge/skills to contribute to the development and execution of company objectives.  Has depth of experience in own specialty and leverages actuarial concepts and in-depth evaluation of various factors to solve complex issues.  Monitors and analyzes developments in actuarial techniques and practices, with an emphasis on research into laws and regulations applicable to the valuation of insurance and investment products. Plays an active role in preparation and interpretation of data and related formulae. Works with complex systems and may design systems.  Considered lead resource in the Actuarial Valuation regulatory space and is established in the role as guardian of the company's financial interests.

 

Primary Responsibilities

  1. Monitors emerging regulation that impacts the Valuation of insurance and investment products on the IFRS, US GAAP, US Statutory and US Tax bases of accounting.
  2. Develops an implementation plan for US Statutory Principle Based Reserves (PBR) and tracks execution to the plan.
  3. Communicates and educates department and company-wide senior management on new regulations and impact to company’s financials.
  4. Oversees the development of complex actuarial models to comply with new valuation regulations.
  5. Ensures valuation complies with actuarial standards and applicable regulations.

Qualifications

Bachelor's degree in actuarial science or math/statistics required.

FSA and MAAA designation required. 

At least eight years experience in either product, valuation, actuarial, or investment departments.

 

Has developed conceptual and practical expertise in Actuarial area; strong actuarial knowledge that is easily shared with peers.

Strong communication skills and the ability to present complex concepts and analysis to all levels, including Senior leadership across the organization.

Proven project management skills.

 

Proficiency in MS Office including Excel, Powerpoint, Access and VBA.

Experience with actuarial projection software such as MG ALFA or AXIS preferred.

 

Identifies and participates in implementing improvements to processes; demonstrates strong work ethic and personal accountability.

Builds collaborative and cooperative relationships; balances customer needs with the best interests of the company; effectively manages conflict.

Adjusts to changing events and priorities; displays a positive approach; focuses energy on determining possibilities.

 

Makes decisions within guidelines and policies; impacts a range of operational, process/control, project activities.

Manages costs related to project work.

Ongoing contact with most Great-West Financial employees and business areas.  Interprets internal customer needs; assesses requirements and identifies solutions to non-standard requests.

 

Senior role, but no direct reports; provides on-the-job training to team members/peers.

Project supervisory responsibilities; allocates work as a team leader.

 

Normal Office Working Conditions

About Great-West Financial

At Great-West Financial® and Empower Retirement, our more than 5,700 global associates are dedicated to helping customers secure their financial futures. We offer a range of retirement savings products, life insurance, annuities and investment services from offices across the country. If you’re interested in joining a company that enjoys a record of strong performance and is rich in history yet innovative, bold and transformative, then our organization is an outstanding place for you to grow and succeed. We’re an equal opportunity employer dedicated to workforce diversity. We’re also committed to providing a drug-free workplace.

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