Job Function: Asa
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Prudential Ins Co of America
Newark, New Jersey, United States (on-site)
30+ days ago
Legal & General America
Frederick, Maryland, United States
30+ days ago
Job Type
Job Duration
$121,000.00 - $166,450.00
Insurance - Life
Min Experience
5-7 Years
Min Education
Required Travel
Salary - Type
Yearly Salary
Job Function


At Legal & General America, we are passionate about helping create brighter tomorrows for our customers, partners, colleagues, and the communities in which they live.  A recognized market leader of term life insurance, we’re transforming our business through innovation and technology to make it easy and affordable for more American families to secure their financial futures. We bring the same passion to our institutional retirement business, partnering with companies to mitigate pension risk and ensure the financial future of their annuitants with our financial strength and market leading customer service.
Are you proficient with Moody’s Axis modeling system with solid foundational knowledge of financial analysis planning and forecasting on numerous accounting bases with very strong analytical and interpersonal skills? You may be the right person for this role! The Senior Assistant Actuary will focus on running the Business Plan process, analyzing results, and providing insights on business performance on numerous accounting bases (STAT, Tax, IFRS). This role will be responsible for performing earnings and capital analysis on a quarterly basis to explain any emerging differences between actuals and projections.
This is a highly visible Finance role supporting the company's Pension Risk Transfer business with extensive work with management to provide the robust information and analysis needed to make strategic, financial, and operational decisions. You will be charged with crafting and maintaining the plan model, performing scenario testing and sensitivities, assessing capital needs, and developing tools and databases that support the required actuarial and financial analysis. In addition, you will have the opportunity to develop expertise in the company’s Financial Reinsurance transactions to learn how they affect business performance, capital planning, and tax planning across our company’s ecosystem.


  • Support the creation and maintenance of the Moody’s Axis PRT corporate model for planning and forecasting. Ensure implementation of models for LGRA have satisfactory standards and timeframes.
  • Identify and implement model changes as needed to correct errors, streamline processes, and respond to changes in the underlying business. Complete these changes in a timely and accurate manner and produces detailed documentation for all changes made.
  • Perform ad-hoc analysis of model results as needed to explain unanticipated movements, identify model errors, and evaluates the impact of potential business changes under various reporting bases.
  • Support the Plan-to-Actual comparison and ensures all variances are explained.
  • Finds opportunities for operational improvement and automation, and assists in the implementation of these improvements, in order to optimize the efficiency, accuracy, and transparency of our production processes.
  • Collaborate with other departments, e.g. Model Development, to provide modeling support and expertise when needed.
  • Support the team in addressing all work needed for the delivery of the Business Plan model. Provide thought leadership and Axis expertise on all model validation, refinement, and implementation, including functionality and reporting template needed for Business Plan.
  • Gain expertise on the financial reinsurance deals for the business and serve as the team’s expert on these deals, as well as a liaison among all the key partners during deal implementation stage to ensure all considerations have been appropriately made.
  • Ability to coordinate between different key partners (Modeling, Accounting, Valuation, Pricing, Analytics, Governance, and internal and external parties involved in reinsurance deals) and plan related questions and requests.
  • Run Business Plan process on cadence required by leadership and develop in-depth modeling expertise of all projections. Analyze Business Plan results and communicate the results with senior managers and other team members in the Finance department who are non-actuaries.
  • Review modeling work performed by other actuaries on the team to ensure they are done appropriately to reflect product designs, all reporting requirements, reflect financial reinsurance deals, and meet modeling standards.
  • Provide modeling expertise and support for other internal needs, including capital efficiency analysis, deal amendments, pricing support, production modeling, model governance, etc.
  • Ensure model control is maintained around development models, to prevent unauthorized changes and ensure integrity of model results. Maintain detailed documentation of all changes made to models, including impacts under key reporting bases and evidence of validation and approvals.
  • Identify and implement operational improvements, including automation of manual tasks where possible, to increase efficiency and transparency while minimizing the risk of errors.


    BS/BA in Actuarial Science, Mathematics, Statistics or comparable

    Near/new FSA or Career ASA



    • 6+ years of life insurance/actuarial experience.
    • Moody’s Axis modeling experience is a key requirement.
    • Experience in Retirement Product Modeling and Pricing.
    • Knowledge of US Statutory, Tax, and IFRS reporting requirements.
    • Knowledge of Pension Risk Transfer (PRT) business or related products.
    • Working experience of financial reinsurance deals, a plus.


    • Spreadsheet and database capabilities (Excel, MS Access, VBA, SQL).
    • Strong actuarial analytical skills and problem-solving ability.
    • Excellent communication skills, both written and oral.
    • Collaborative with ability to be a team player on cross-functional teams.
    • Flexibility when working with changing deliverables.
    • Detail oriented and able to manage several tasks with high accuracy.
    • Well organized, innovative, and high level of initiative.
    • Ability to quickly identify trends in large volumes of data.
    What’s in it for you?
    The expected hiring compensation range for this position is $121,000 - $166,450 annually. There will be a locality pay differential for the Stamford, CT office.


    Candidates within a commutable distance to Stamford, CT or Frederick, MD will receive preference.

    The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses.  This role is eligible to participate in the Legal & General America Annual Incentive Plan. The current target payment for the position is 20% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date.  This role has 20 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year.
    We have a competitive compensation and benefits package focused on your overall wellbeing.  Employee benefits include health, life, and dental insurance; 401K with company match up to 6%; generous time off; and wellbeing initiatives throughout the year (we like doing fun stuff).  We’re big on professional development and we’ll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We value our teams and our communities and believe in giving back. Enjoy time off to volunteer for those causes that matter most to you!
Job ID: 73867945

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