Senior Actuarial Consultant, Valuation - Talcott Financial Group : Job Details

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Talcott Financial Group* is an international life insurance group and the industry's trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $127 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.Talcott Financial Group's two core business platforms include: U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re.OverviewTalcott Resolution is seeking a Senior Actuarial Consultant to support its entry into the retail US Fixed Indexed Annuity market space. This role will support development of the financial reporting and valuation of the retail FIA product, including model testing, control development, and management reporting. After product launch, this role will be instrumental in performing the required US GAAP, statutory and tax reserves, analysis of results, control performance, and communication of results. This role will be in Hartford, Connecticut, Charlotte, North Carolina or remote.Primary Responsibilities

• Support new business initiative modeling efforts including user acceptance testing on model development of statutory and US GAAP GGY Axis model.
• Financial reporting and valuation for FIA, ensuring timely and accurate reporting under US GAAP, statutory and tax bases:
• Quarterly updating and running of GGY Axis US GAAP valuation model.
• Assist with control performance, review, and documentation.
• Support development and execution of cost of funds analysis for FIA business including roll-forward attributions and sensitivity analysis for various market metrics and policyholder behaviors.
• Provide audit support for internal and external auditors.
• Maintain robust model and process documentation.
• Help complete Annual Statement, 10K, rating agency surveys, and other external reporting requirements.
• Strengthen collaborative relationships with other key business partners including Model Development, Finance, Accounting Operations, and Internal Audit.
• Mentor junior actuaries and other team members.

Qualifications

• Bachelor's degree in mathematics, statistics, actuarial science, or related field.
• Associate of the Society of Actuaries (ASA) preferred.
• At least 5 years of work experience in insurance or finance, including involvement with actuarial valuation, modeling, and GGY Axis modeling software.
• Insightful knowledge of Fixed Indexed Annuities is strongly preferred.
• Strong technical skills and diligence for the purposes of reviewing model results, improving processes, and solving complex problems.
• Excellent communication and interpersonal skills, with the ability to collaborate with various stakeholders at all levels within the organization as well as external partners.
• Understand interdependencies and workflow between functions and geographies within a group framework.
• Self-reliant and capable of quickly learning new concepts, thinking creatively and critically, agile, and adaptable to changing needs and challenges of a fast-paced company.
• Results-oriented and able to work under tight deadlines in a high- performance environment.
• Talcott Financial Group is an equal employment and affirmative action employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace and is committed to building inclusion and leveraging diversity. For more information regarding our Privacy Policy, please go to

Seniority level

• Seniority levelMid-Senior level

Employment type

• Employment typeFull-time

Job function

• Job functionFinance and Sales
• IndustriesInsurance

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