The Chinese Actuarial - Career Opportunities

Director, Life Financial Planning & Analysis opening in Southeast. Direct the Financial Planning & Analysis team, which is responsible for the annual budget and quarterly reforecasts of financial results for the domestic life line of business. The unit is also responsible for other financial activities associated with the domestic life business, including the following: Quarterly earnings analysis; Mortality and Lapse Experience Study; Inforce performance analysis; client negotiation and dispute resolution. Specific responsibilities: Plan and direct the annual Budget/financial planning process for Domestic Life business; direct quarterly reforecast for IFRS and regulatory projections; develop, document, and communicate assumptions underlying financial projection with linkage to embedded value and Value of New Business (VNB) models; communicate key drivers of financial projections to senior management; identify key risks to projected earnings and VNB; explain actual/expected results vs. Budget/Reforecast projections for monthly life earnings review meetings; perform quarterly IFRS earnings analysis; identify one-time financial events to normalize reported earnings; prepare quarter-quarter and year-year rollforwards for Corporate earnings call to explain movements from prior period earnings; perform quarterly review of renewal premium to ensure alignment of premium recognition and valuation processes; review quarterly calculation of excess retro experience refund with communication of results to retrocession pool participants; responsible for domestic life mortality and lapse experience analysis; publish new study releases semi-annually; perform mortality review for captive reinsurance agreements with each new study release; recommend changes to assumptions underlying economic reserves and capital as appropriate and communicate financial impacts to management; work with product line to effectively utilize experience study data in pricing new deals and for other business applications; perform inforce management duties; develop framework for periodic review of top clients and large deals; perform annual YRT performance review to identify potential targets for remediation; work with Executive Management and Operations to resolve client negotiations pertaining to YRT rates increases, treaty recaptures, and reinsurance administration issues; work with Law & Contracts to resolve litigations and client disputes. FSA with 7-15 years of actuarial experience, preferably in a reinsurance environment, Statutory, GAAP, and tax reporting experience. Good knowledge of FAS60 and FAS97 accounting requirements. Experience in working with actuarial modeling software (Prophet, TAS, AXIS, MOSES, etc.). Salary $open. (PR5293*)