What are the responsibilities and job description for the Actuarial Consultant position at Damco Solutions Inc.?
Job Details
Job Title: Actuarial Consultant
Location: Chicago, IL / NYC, NY (Onsite for the first week)
Duration: 5 Months
Roles and Responsibilities:
Location: Chicago, IL / NYC, NY (Onsite for the first week)
Duration: 5 Months
Roles and Responsibilities:
- Develop and maintain actuarial models using platforms such as AXIS, Prophet, or MG-ALFA to support life insurance asset/liability projections.
- Perform asset modeling to evaluate and forecast investment performance and its impact on insurance liabilities leveraging actuarial vendor modeling capabilities. Knowledge of investment platforms typically used for externally projected asset file generation considered a plus.
- Advise on matters related to asset/liability management (ALM), including portfolio optimization techniques, management of duration mismatch, use of non-traditional assets, associated reinvestment / disinvestment strategies.
- Collaborate with cross-functional teams to integrate actuarial insights into financial planning and risk management strategies.
- Support the implementation and analysis of regulatory frameworks, including VM-22, for statutory and GAAP reporting.
- Conduct sensitivity testing and scenario analysis to assess the robustness of actuarial projections under various economic conditions.
- Strong proficiency in actuarial modeling software: AXIS, Prophet, or MG-ALFA, with a focus on asset modeling.
- Solid understanding of asset/liability management principles and life insurance cash flow projections.
- Familiarity with regulatory requirements and standards, particularly VM-22.
- Excellent analytical, problem-solving, and communication skills.
- ASA or FSA designation (or progress toward) required.
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