Senior Actuarial Analyst

The Senior Actuarial Analyst at AAA Life is tasked with developing and maintaining actuarial models in MG-ALFA, supporting VM-20 valuation and financial reporting processes. Key responsibilities include performing quarterly production VM-20 results, conducting annual VM-31 reports, testing and analyzing model results, and documenting the development process. Additionally, the analyst supports model conversion initiatives and engages in actively improving existing modeling processes.

To be considered for the Senior Actuarial Analyst position at AAA Life, candidates should hold a Bachelor's degree in Actuarial Science, Mathematics, Computer Science, or a related field, along with completion of 3 to 4 Society of Actuaries exams. A minimum of 18 months of experience in the actuarial field is also required. Familiarity with MG-ALFA, knowledge of VM-20, and proficiency in programming using Access and SQL Server are highly advantageous.

Experience with MG-ALFA is significantly beneficial for the Senior Actuarial Analyst role at AAA Life, as this software is central to maintaining actuarial models for VM-20 valuation and financial reporting. Familiarity with MG-ALFA not only aids in efficient performance but also enhances one’s ability to contribute effectively to the actuarial modernization initiatives within the company.

Essential skills for a successful Senior Actuarial Analyst at AAA Life include strong analytical skills, problem-solving abilities, and experience with actuarial modeling systems, especially MG-ALFA. Candidates should also be proficient in Microsoft Excel and have the aptitude to analyze results for reasonableness and identify improvements in financial reporting processes.

AAA Life offers a comprehensive benefits package for the Senior Actuarial Analyst position, which includes medical, dental, vision, and life insurance available from day one. Other benefits include a pension plan, a performance-based incentive plan, and a 401(k) plan with company matching. Employees also benefit from paid time off, holidays, and a basic AAA membership.

When answering this question, highlight your specific experiences with actuarial modeling systems like MG-ALFA. Describe how you've used these systems to perform valuations or analyses, including any challenges you faced and how you overcame them.

Discuss your understanding of VM-20, including its purpose and components. Provide examples from your previous work where you've utilized this knowledge, and explain how it benefited your team or company.

Be sure to mention specific methodologies or tools you have used for testing and analysis in your past roles. Explain how you ensure accuracy and how you document any changes or findings for stakeholder review.

Share a specific example of a time you identified inefficiencies in a modeling process, the steps you took to address the issue, and the final outcomes. Highlight your problem-solving skills and your ability to work collaboratively with others.

Explain your personal strategies for managing time and prioritizing tasks effectively. You might discuss tools you use for scheduling or examples from past roles where you successfully met tight deadlines.

Describe your approach to communication, including any tools or methods you use. Give examples of how you have successfully collaborated with stakeholders in past roles and how you handle any communication challenges.

Discuss your experience with programming in Access and SQL Server, providing examples of projects where you’ve applied these skills. Highlight any significant contributions you made and the outcomes of your initiatives.

This is your opportunity to convey your passion for the actuarial field and how AAA Life aligns with your career goals. Talk about the company’s values, growth opportunities, and how you envision contributing positively to the team.

Discuss the resources you use to keep up with industry changes, such as professional organizations, online courses, or webinars. Highlight your commitment to continuous education and how it helps you in your role.

Share your perspective on what qualities are crucial for success in the role, such as strong analytical skills, attention to detail, or the ability to work as part of a team. Provide examples of how you embody these qualities in your work.