Capital Management Program Actuary

Capital Management Program Actuary opening in SouthernConnecticut/Westchester. This is an exciting opportunity to provide lead actuarial input to the economic capital modeling efforts. Be part of a small team that is providing leadership & driving change to existing ways of how the performance of our business is measured. Provide senior management with measurement of the economic risk-adjusted capital committed to cover risks assumed and the economic return achieved against that capital; involved in the establishment of a common framework & methodology to measure risk adjusted return on capital (ie, RAROC) and the embedded economic value of each business. Lead the insurance risk component of the modeling effort and driving for improvements in this component and its integration and aggregation with other risk types. In addition, develop better and more streamlined bases for capital allocation. Specific responsibilities include: aggregation of results across all lines of business; presentation and explanation of results; build & maintenance of aggregation software; maintenance/enhancement of aggregation methodology; global coordination of CMP activity; responsible for working with, and educating Segment OBUs; assist OBUs in delivering quality data and help enforce deadlines; develop/enhance standard modeling tools and best practices; ensure consistency in setting model parameters; understanding of investment and financial activities crucial to the integration of all source information into a coherent risk/return framework; and customizing and reporting to external regulatory bodies as relates to legal entity solvency requirements and capital adequacy as required. Applicant must have strong communication skills and familiarity with GAAP financial statements and/or knowledge of VBA and Access is considered a plus. FCAS or near FCAS with at least 5 years work experience in primary, reinsurance or consulting capacity preferably in the field of stochastic capital modeling. Salary $Open.