Navy Mutual is seeking a highly skilled and analytical Senior Actuary (FP&A) to lead financial planning and analysis efforts across our lines of business. This role is pivotal in driving strategic insights through modeling, forecasting, and reinsurance administration. You'll be at the heart of our financial decision-making, helping shape the future of our organization.

Key Responsibilities

Financial Planning & Analysis

Own the Profit & Loss (P&L) by Line of Business (LOB)

Conduct Source of Earnings (SOE) analysis
Review input data for reasonableness
Maintain and update actuarial assumptions
Making revisions in AXIS model
Conducts monthly actual vs. expected analysis by LOB
Assist in explaining results to internal management
Maintain and propose improvements to Association's budget and annual projection models, currently Excel based; utilize projection models to assist Senior Management with ongoing financial planning; upgrade models to function more smoothly with better transparency and documentation; automate feeds from other systems, where possible; perform variance analysis of actual vs projected results
Deliver clear, actionable insights to senior management

Total Company Model

Support annual preparation of the Total Company Model (TCM)
Update actuarial and non-actuarial assumptions
Refine expense analysis and assumptions
Assist in interpreting and presenting results

Reinsurance Administration

Responsible for building reinsurance process into Policy Administration System (ACHIEVE) and monitoring results:
- Providing specifications for reinsurance premium calculations
- Assuring accuracy of input data
- Reviewing / verifying results
- Transferring reinsurance claim processing to Claims Department
- Coordinating with external reinsurer(s)
- Monitoring reinsurance arrangements, proposing changes when appropriate
- Prepare and maintain documentation of reinsurance program

Additional Actuarial Functions

Conduct Risk-Based Capital analysis by LOB
Respond to external auditor requests
Perform ad hoc actuarial analyses as needed

Qualifications

Bachelor's degree in Mathematics, Statistics, Actuarial Science, or related field
Minimum 10 years of demonstrated ,progressive actuarial experience
Fellow of the Society of Actuaries (FSA) required; Member of the Academy of Actuaries designation is a plus
Expert-level proficiency in AXIS actuarial software
Strong analytical, problem-solving, and communication skills
Ability to manage multiple projects independently and collaboratively
Experience with database query tools and programming applications preferred

Navy Mutual Aid AssociationVerified Employer

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Senior Actuary (FP&A)