Actuary Analyst

Adecco Group seeks Actuary Analyst in Bridgewater NJ area

Position: Actuary Analyst or Consultant

Pay Rate: $95 per hour

Length: W2 Contract 12 + months

Location: Bridgewater NJ


Role Value Proposition:

This role will facilitate a finance-change program where new systems will be implemented in a global organization. Specifically, this will be a long duration targeted improvement on changes being made by the Financial Accounting Standards Board (FASB) for long duration insurance contracts. This consultant will be helping to implement these changes

Key Responsibilities:
- Working on end-to-end scoping validation of reserves and refreshing scoping documents every 6 months
- Support lead actuaries in writing IT business requirements
- Document approach and application of working assumptions for presented policy guidelines
- Support analysis and implementation of disclosures/footnotes and reserve repository valuation feeds
- Perform internal model validations/analysis of results beyond Polys SOW
- Support documentation of new controls and processes
- Support model validations performed by Risk and external auditors
- Assist with the execution of the dry runs and work on remediating issues

Essential Business Experience and Technical Skills:

Analysis of valuation results involves comparing the actual to expected results in all of the sources (investments, mortality, expenses, new business, ledger cashflows, admin policy data, economic environment changes, etc.)
Proficiency in Microsoft Office (EXCEL, ACCESS, WORD, PowerPoint, etc.),SQL, Polysystems and MG Triton
Experience with PolySystems is required
Strong technical and analytical skills, and strong written and verbal communication skills
Familiar with FASB long duration targeted improvement changes
Experience with US GAAP valuation and reporting.
Experience with working with actuarial models for reporting or pricing
Experience with building databases to handle large data sets
Familiar with how to measure and project expected changes in the economic environment on both assets and liabilities.
Familiarity with institutional & retail payout annuity products, with pricing, with statutory accounting, with RBC, with Investments achievable rates processes.
Understand sources of earnings, including one-time impacts.
Understand statistical concepts like correlation, variance, and implied volatility
Presentation and writing skills are important, as must communicate explanations for actual to expected variances to a broader audience.


Preferred or nice to have:

Experience working with IT is a plus
Risk measurement experience
Valuation experience with analysis of reserve roll-forwards
SQL PolySystems and MG Triton
Familiarity with ledger and reserve repository
LRT and/or CFT experience
Work experience in finance-change programs where new systems have been implemented in an organization
At least three years working in a role relating to auditing, financial reporting, controls, and/or data management and reconciliation.


Education or Competencies

Actuary (ASA or FSA)
Will consider degrees in Math, Finance, Accounting or equivalent field or work experience in actuarial services


No corp to corp or 3rd party contracting arrangement / Adecco W2 only and not require relocation assistance!

Successful completion of a full background check, drug screen, employment verification, educational verification and reference checks required upon offer.

Click on “Apply Now” to be considered for this position or other opportunities with Adecco.

If questions surrounding application process, please reach out to: Patricia. Landay@adeccona.com

The Adecco Group is a global leader in HR services. Our group connects over 700,000 associates with our business clients each day through our 6,600 offices in over 70 countries and territories around the world. We offer employment opportunities at any stage in your professional career. Contact us today to discuss available contract and direct hire positions. Adecco Group provides one of the most comprehensive benefits packages in the industry to contract workers to include 401(k)and Insurance Benefit Plans.

Equal Opportunity Employer Minorities/Women/Veterans/Disabled

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Reference number US_EN_2_022862_412323