Overview

At Legal & General America (LGA), we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we're working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

The Actuarial Analyst, Reinsurance is responsible for providing actuarial analysis of traditional reinsurance for LGA's new and in-force business. This role supports the management of in-force business within established risk and profit objectives while continuing to honor contractual policyholder commitments.

Responsibilities

1. Support new and existing traditional reinsurance programs:Collaborate with the team to ensure the smooth operation and enhancement of reinsurance programs.
2. Assist with analysis of reinsurance bids:Evaluate reinsurance bids to form reinsurance pools as needed, ensuring optimal coverage and cost-effectiveness.
3. Aid in the analysis of reinsurer rate changes:Assess options for rate changes, including the ability to recapture or cede to other reinsurers, to maintain favorable terms.
4. Maintain Reinsurance Performance Monitor:Identify non-performing treaties or treaties at risk of rate increases and take proactive measures to address issues.
5. Provide support to the Reinsurance Administration department:facilitate compliance with the terms of existing treaties.
6. Assist with the implementation of reinsurance treaties for new products:Work closely with the team to implement new treaties and ensure they align with company objectives.
7. Aid the Senior Actuary in the review of new treaties or amendments:Provide support in reviewing and analyzing new treaties or amendments to existing ones.
8. Review sample test cases from the policy administration system:Ensure accuracy and completeness of test cases to maintain data integrity.
9. Assist with analysis of in-force blocks:Analyze blocks of life and annuity business to identify trends and opportunities.
10. Work with the Advanced Analytics team:Collaborate on key assumptions for the in-force block and develop models to influence policyholder behavior.
11. Analyze potential key drivers of policyholder behavior:Identify and analyze factors that influence policyholder behavior and develop strategies to proactively manage them.
12. Run models to gain insights into policyholder behavior:Utilize advanced models to make actionable decisions and improve business outcomes.
13. Support the Senior Actuary in reviewing non-guaranteed elements:Review elements such as COIs and interest spreads and prepare summary reports.
14. Set up and run advanced actuarial projection models:Develop and run projection models to forecast future performance and reconcile differences from previous assumptions.
15. Analyze, summarize, and communicate results:Effectively communicate findings and insights to stakeholders to support decision-making.
16. Other duties as assigned:Take on additional responsibilities as needed to support the team and company objectives.

Qualifications

Education

Bachelor's degree in mathematics, Actuarial Science, or a related field.

Completion of at least 2 Actuarial Exams (preferred but not required).

Experience

Actuarial Internship preferred

Skills

Proficiency in Microsoft Excel and other relevant software.

Strong analytical and problem-solving skills.

Excellent communication skills, both written and oral.

Ability to work effectively as part of a cross-functional team.

Strong organizational and documentation skills.

What's in it for you?

The expected hiring compensation range for this position is $68,900 - $94,800. annually. This is a remote role.

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 8% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date. This role has 15 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% as well as a pension package; 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!

If hired, employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. The Company reserves the right to change benefits plans at any time.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.