Job Description

Talcott Financial Group* is an international life insurance group and the industry’s trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.
Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $127 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.
Talcott Financial Group’s two core business platforms include: U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re.

We are seeking a Senior Actuarial Consultant to perform the actuarial functions related to Bermuda Economic Balance Sheet (“EBS”) reporting across multiple lines of business and two legal entities.

Responsibilities:

• Perform the end-to-end actuarial reporting and valuation for annuity liabilities, ensuring timely and accurate reporting under EBS
◦ Product oversight will focus on Annuity (non-Variable Annuity) business, specifically Fixed Indexed Annuity (FIA), Fixed Annuity (FA) and Payout annuities.
◦ Run GGY-AXIS models and perform financial controls, back-end validation, and management reporting on the model output.
◦ Maintain an appropriate reporting oversight environment that includes recommending, implementing, and documenting enhancements of valuation methodology, assumptions, controls, and procedures.
◦ Collaborate with Experience Study, ALM, Investment Management, Asset Modeling, Liability Modeling to recommend and evaluate enhancements/changes.
• Support decision making in the following areas
◦ Attribution analysis to explain key drivers of quarterly changes in EBS assets, best estimate liabilities (BEL), and surplus.
◦ BEL analytics and BI to effectively understand cash flow profile, asset-liability interactions, and key metrics under different scenarios.
◦ EBS BEL projections under different scenarios to support FP&A and Risk Management on a timely and effective manner.
◦ ALM dashboard for annuity ALM risk management. Collaborate with ALM, Investment Management, Asset Modeling and recommend enhancements to ALM procedures.
• Fulfill other roles and responsibilities as required to support the growth and evolution of overall enterprise and execution of key priorities, including, but not limited to:
◦ Approved Actuary support in quarterly, annual, and ad hoc regulatory filings.
◦ Design processes and perform sensitivities, stress tests, cash flow projections to support key business partners (e.g., Risk Management, U.S. Cash Flow Testing)
◦ Assist in the onboarding of new transactions, including establishing reinsurance settlements and reporting, and setting policies and controls.
• Support vision and cultural value of TFG
◦ Foster collaboration between Actuarial and other key business partners including Corporate Development, Enterprise Risk Management, Finance, and ALM.
◦ Establish and maintain good working relationships with auditors, regulators and other external parties, including being an effective advocate for TFG and representing TFG in industry groups and events.

Qualifications:

• Bachelor's degree in mathematics, statistics, actuarial science, or related field
• Associate of the Society of Actuaries (“ASA”) or near ASA
• Minimum of 3 years of work experience in insurance or finance, with prior experience in actuarial valuation, modeling, liability management, and/or risk management
• Deep knowledge on General Account liabilities, in particular Fixed Indexed Annuity, Multi-year Guaranteed Annuities and/or Payout Annuities, is strongly preferred
• GGY AXIS or other actuarial modeling software experience is strongly preferred
• Knowledge of the U.S. Asset Adequacy Testing (Cash Flow Testing), EBS, and/or asset modeling (including asset-liability interactions) is preferred.
• Strong technical skills and attention to detail for the purposes of reviewing model results, improving processes, and solving complex problems.
• Aptitude for technical software and coding, including proficiency in Excel, VBA, Python, R and Microsoft Fabric
• Excellent communication and interpersonal skills, with the ability to collaborate with various stakeholders at all levels within the organization as well as external partners.
• Understand interdependencies and workflow between functions and geographies within a group framework
• Self-reliant and capable of quickly learning new concepts, thinking creatively and critically, agile and adaptable to changing needs and challenges of a fast-paced company
• Results-oriented and able to work under tight deadlines in a high-performance environment.
• Ability to travel10% (e.g., Bermuda if located in the U.S.) when required

Compensation:

This range represents the minimum and maximum annual base salary we reasonably expect to pay for this role at the time of posting. The actual base pay could vary and may be above or below the listed range. The base pay is based on factors including but not limited to experience, competence, and demonstration of proficiencies essential for the role. The base pay is just one component of Talcott’s total annual compensation for employees. Other compensation may include annual bonuses, long-term incentives and recognition.

*This role is not eligible for visa sponsorship. Applicants must be authorized to work in the United States on a full-time basis without current or future visa sponsorship.

**Talcott Financial Group is an equal employment employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace. For more information regarding our Privacy Policy, please go to https://talcott.com/onlineprivacypolicy/onlineprivacypolicy.html