What are the responsibilities and job description for the Senior Actuary - LTC Insurance - Remote US position at GE Aerospace?
Job Description Summary
Assists the A&H Executive Actuary in the management of the actuarial processes for runoff reinsurance long-term care and disability income insurance blocks. Assists in determining assets needed to support insurance liabilities and in determining the level of capital needed for regulatory requirements. Interprets internal and external business challenges and recommends best practices to improve processes and business outcomes. Utilizes understanding of industry to inform decision making process.
We will consider remote and hybrid candidates.
Job Description
Roles and Responsibilities
General Electric Company, Ropcor, Inc., their successors, and in some cases their affiliates, each sponsor certain employee benefit plans or programs (i.e., is a “Sponsor”). Each Sponsor reserves the right to terminate, amend, suspend, replace, or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a Sponsor’s welfare benefit plan or program. This document does not create a contract of employment with any individual.
GE Aerospace offers a great work environment, professional development, challenging careers, and competitive compensation. GE Aerospace is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
GE Aerospace will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).
Relocation Assistance Provided: Yes
Assists the A&H Executive Actuary in the management of the actuarial processes for runoff reinsurance long-term care and disability income insurance blocks. Assists in determining assets needed to support insurance liabilities and in determining the level of capital needed for regulatory requirements. Interprets internal and external business challenges and recommends best practices to improve processes and business outcomes. Utilizes understanding of industry to inform decision making process.
We will consider remote and hybrid candidates.
Job Description
Roles and Responsibilities
- Prepares and analyzes information required to successfully complete quarterly financial reporting, financial projections, experience reviews and other activities associated with a life and health insurance company – primarily related to the company’s runoff long-term care and disability income business.
- Assists the Rate Increase Leader with the management of LTC rate increase efforts including providing an actuarial voice to the work.
- Works with other business units to analyze, explain, and project business results. Communicates and works with staff and leaders of different functional groups. High visibility within insurance team.
- Works with medium to large teams of internal and external staff. May lead functional teams or projects with moderate resource requirements, risk, and/or complexity. Presents business solutions to business leaders. Communicates complex messages and negotiates mainly internally with others to adopt a different point of view. Influences peers to take action and may negotiate with external partners, vendors, or customers.
- Prepares information and works with external partners as required pursuant to business agreements
- Leads others to find creative solutions to address complex problems that may impact the organization. Has the ability to evaluate quality of information received and questions conflicting data for analysis. Uses multiple internal and external resources outside of own function and emerging technology to help arrive at a decision.
- Fellow or Associate of the Society of Actuaries, Member of the American Academy of Actuaries, minimum 5 years of actuarial experience.
- Minimum 3 years' experience with health insurance products, preferably a strong knowledge of long-term care insurance valuation
- Strong time management and organizational skills, ability to manage multiple tasks and work with time constraints.
- Control mindset.
- Strong modeling and/or model governance experience.
- Prepared in 3 years to potentially move to a leadership role of significant scope.
- Solutions focused and flexible; able to drive change and lead others to excel in a dynamic environment.
- Demonstrated ability and willingness to embrace emerging technologies.
- Willing to embrace corporate strategic objectives. Ability to apply a variety of strategic frameworks to analyze problems and to guide and develop solutions.
- Ability to translate and communicate complex topics in a variety of forums, tailoring communications to effectively fit and influence the targeted audience; strong executive presence, presentation and communication skills.
- Ability to lead the entire range of problem-solving work from problem definition to analysis, recommendation, and the development of implementation plans
General Electric Company, Ropcor, Inc., their successors, and in some cases their affiliates, each sponsor certain employee benefit plans or programs (i.e., is a “Sponsor”). Each Sponsor reserves the right to terminate, amend, suspend, replace, or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a Sponsor’s welfare benefit plan or program. This document does not create a contract of employment with any individual.
GE Aerospace offers a great work environment, professional development, challenging careers, and competitive compensation. GE Aerospace is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
GE Aerospace will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).
Relocation Assistance Provided: Yes
- This is a remote position
Salary : $145,600 - $194,500
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