Staff Actuary Resume Sample
Lyda Kuhlman
21144 Olin Spring,
Boston,
MA
+1 (555) 539 2570
Work Experience
Senior Staff Actuary Cash & Certificate Products
05/2016
-
PRESENT
Los Angeles, CA
- Assisting with planning annual actuarial valuations for pension and other post-employment benefit (OPEB) plans
- Assisting with stress testing and sensitivity analysis of retirement and OPEB plans
- Assisting with plan design studies and cost impacts associated with benefit changes; reviewing changes to plan documents and summary plan descriptions as they relate to the benefit calculation work preparation
- Providing analytical support to senior management
- Supporting legislative activities, including extensive time-sensitive work during the legislative session to prepare fiscal impact statements
- Researching calculation methodology and plan interpretation issues
- Providing support on other calculation-related projects, including retirement calculations, 415 limits, and purchase of service calculations
- Assisting with the preparation of letters and presentations for various audiences
- Maintain working relationship with LTC reinsurer’s valuation team with an emphasis on continued open communication
Staff Actuary
03/2012
-
02/2016
Chicago, IL
- Strong technical, modeling and communication skills
- Lead the development and refinement of product profitability and financial models for the Certificate and Cash Sweep lines of business using actuarial and business expertise
- Apply the result of financial models to business decisions such as crediting strategies, investment strategies, and product design
- Develop relationships with Finance, Investments, Treasury, and Risk Management in order to create and review model output that impacts business decisions
- Oversee the accuracy of weekly rate-setting processes for Cash and Certificate products
- Oversee the preparation of daily balance reports, weekly sales and flows tracking, and other ad-hoc data requests as needed to support management decision-making
- Direct experience studies in order to create model assumptions
- Participate in product design efforts and on project teams as product subject matter expert, including test planning and execution
Annuity & Retirement Staff Actuary
09/2006
-
12/2011
Detroit, MI
- Develop subject matter expertise with respect to data sources as well as product features and benefits, e.g. interest crediting, surrender penalties, advisor compensation, etc. in support of run the business and project activities
- Review product materials such as prospectuses, marketing materials, webpages, etc. for accuracy and completeness
- Lead an actuarial analyst in the completion of the above responsibilities
- Complete quarterly and annual valuation reporting projects for retirement plan business, such as financial planning, budget, cash flow testing, dac voba k factor and amortization calculations, target surplus calculations, reserve reporting, and etc
- Provides reports and analyses to management on IFRS and statutory earnings forecast
- Develop, maintain and document Sarbanes-Oxley control procedures and model validation
- Assist in process and model improvements as needed
- Support actuarial model/system conversion projects
- Develops and maintains profit studies, non-forfeiture values and Generally Accepted Accounting
Education
Friends University
2002 - 2006
Bachelor's Degree in Math
Professional Skills
- Detail-orientated, strong analytical and problem-solving skills
- Proven modeling and analytical skills - high proficiency with Excel
- Strong analytical skills and attention to detail to assess the problem and find a solution
- Works well within a team environment and have strong communication skills to collaborate with others
- Experience working with large pension systems and performing annual funding and accounting valuations
- Develops actuarial assumptions to use in pricing, reserving or actuarial modeling, including experience studies in support of
- Facilitates the Transamerica actuarial assumption setting process and experience analytic management reporting across all
How to write Staff Actuary Resume
Staff Actuary role is responsible for modeling, software, database, sql, excel, insurance, design, reporting, finance, health.
To write great resume for staff actuary job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Staff Actuary Resume
The section contact information is important in your staff actuary resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Staff Actuary Resume
The section work experience is an essential part of your staff actuary resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous staff actuary responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular staff actuary position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Staff Actuary resume experience can include:
- Experience with ALFA modeling software
- Supports experience analytic, studies and actuarial analysis to propose recommended updates to actuarial assumptions and
- Actuarial experience
- Establish and manage priorities for self
- Possess the ability to take initiative and responsibility to problem solve and troubleshoot in an effective and efficient manner
- Understanding of the distribution and servicing side of Ameriprise’s business
Education on a Staff Actuary Resume
Make sure to make education a priority on your staff actuary resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your staff actuary experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Staff Actuary Resume
When listing skills on your staff actuary resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical staff actuary skills:
- Communicate effectively with middle management
- Experience with at least one object-oriented programming language (e.g. C++, C#, Java, Python)
- High level of motivation, independent working ability and strong drive for results
- Experience running RiskAgility or other actuarial software
- LTC actuarial work experience; understanding of LTC products and terminology
- Experience with multiple distribution channels, including broad awareness of products available in the marketplace
List of Typical Experience For a Staff Actuary Resume
1
Experience For Staff Actuary Level S-ul Valuation Resume
- Convert existing models to a new platform
- Remediate known errors and simplifications in the models as needed over time
- Work closely with the production team to specify model input needs, and develop model output reports that support efficient model output processes
List of Typical Skills For a Staff Actuary Resume
1
Skills For Staff Actuary Level S-ul Valuation Resume
- Assist with reporting of LTCI and DI metrics using SAS, Excel and other tools
- Provides actuarial support to monthly financial close process, including review of IBNR
- Knowledge of variable annuity hedging strategies and/or statutory reserve and capital requirements
- Design, develop and maintain computer models, using a variety of corporate software tools – ALFA, Excel and other tools
- Perform and/or lead analysis, testing and evaluation of produced outcomes
- Contribute to a variety of diversified and challenging projects, potentially lead some portions of projects, and perform regular procedures
2
Skills For Senior Staff Actuary Cash & Certificate Products Resume
- Member of the American Academy of Actuaries (MAAA) or committing to attain membership within 6 months
- Participates in the development of the annual Medicare Bid process
- Analyzes historical medical expenses, and projects future medical expenses and required revenues for Commercial and Medicare product lines. Develops state rate filings, including peer review as necessary. Works with actuaries at the Department of Insurance to secure timely approval of rate filings
- Compiles data and analysis for use at rate filing hearings with the state insurance department
- Leads the development of appropriate small and large group Manual rate levels, rating adjustment factors, and price relativities among and between product and benefit options. Develops and maintains pricing tools used by Small and Large Group underwriting teams
- Designs and develops sound data-based tools and applications necessary to efficiently measure, monitor, and/or forecast ConnectiCare’s medical cost structure
- Performs monthly analysis identifying opportunities to reduce cost and utilization
- Promotes idea generation in support of organizational healthcare cost reduction strategies
3
Skills For Actuarial Model Development Lead-staff Actuary Resume
- Initiates key analysis to improve overall MLR results
- Knowledge of life insurance industry and RiverSource’s Life Insurance Products
- Knowledge of variable annuity products and benefit riders
- Familiarity with quantitative finance concepts and financial derivatives
- Customer focus – Actively listens and works to understand customer needs. Consistently meets and exceeds customer expectations
- Proficiency in Access database
4
Skills For Annuity & Retirement Staff Actuary Resume
- Advanced computer skills: MS Access, MS SQL Server, Excel Pivot Tables, MS Project, MS SQL, Database Management software/tools, ALFA or any other Actuarial Software (AXIS, Moses, etc.)
- Actuarial experience that demonstrates continued increases in responsibility
- Actuarial experience
- Customer focus – actively listens and works to understand customer needs. Consistently meets and exceeds customer expectation
- A commitment to the highest ethical standards of the profession
- Previous experience in actuarial work in health insurance. Includes at least 3 years of managed care rate development, including Medicare Advantage
- Principles (GAAP) or International Financial Reporting Standards (IFRS) actuarial items, reserve programs, rate files, procedures and/or similar processes
- Supervise three to five Actuarial Analysts, Actuarial Students or Actuarial Technicians
5
Skills For Staff Actuary Level S Resume
- Accumulation & Retirement (A&R) product line of business
- Provide information to internal and external customers
- Prepares documentation, reports and presentations on the methodologies and rationale for recommended changes. Uses
- Monitors and analyzes developments in actuarial techniques, laws and regulations applicable to company operations, and
- Competitive developments in the marketplace. Supports appropriate reactions to these developments
- Develops and maintains profit studies, non-forfeiture values and Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) actuarial items, reserve programs, rate files, procedures and/or similar assumptions
- Ensure appropriate modeling of our products, including; appropriate updates due to model updates; reflecting hedging and risk management strategies, accuracy of market consistent principles in our balance sheet and income statement
6
Skills For Actuarial Analyst / Staff Actuary, ALM Resume
- Ensure appropriate reporting and net risk positions of our products, including appropriate understanding of our economic risk positions for risk strategy development
- Interpret, prepare and present key actuarial and financial information to advise Senior Management to make properly informed decisions
- Typically a management role guiding the work of other actuaries or doing the most complex technical actuarial tasks requiring significant knowledge and experience
- Provide guidance and advice regarding technical actuarial issues such as pricing rates, modeling methodology, reserving principles and related matters
- Drive key projects to completion by providing leadership and direction to individuals both inside and outside the organization. Generally, leads several key recurring projects throughout the year
- 5-6 actuarial exams completed, progressing to ACAS/FCAS (Associate or Fellow of the Casualty Actuarial Society) designations
- Lead the development of actuarial talent within the organization
7
Skills For Staff Actuary, Health LTC Resume
- Provide people leadership to actuary staff. Manage performance, seeks professional development opportunities and provides the coaching and feedback necessary to have a high performing team
- Play a key role in updating, running and summarizing pricing model results for product development projects
- Support continued enhancements of pricing models, including programming in RiskAgility, validating results, and working with manager to reconcile any differences
- Work with manager to understand key changes in regulations or valuation standards that affect pricing and implement changes in pricing models
- Prepare related reports; summarize, and communicate results
- Support ad-hoc requests and questions from the sales and service organizations
8
Skills For Staff Actuary Resume
- Research, develop, document and recommend appropriate assumptions and methods to use in models
- Collaborate with teammates and others within the LTCI and DI actuarial team on special projects
- Provide ad hoc analytical support for strategic initiatives
- Apply actuarial principles commensurate with the Associate of Society of Actuaries certification and complete progression through Society of Actuaries exams
- ASA (Associate of the Society of Actuaries), or near ASA, required
- Enrolled Actuary designation
- Pension product knowledge
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