Senior Actuarial Consultant - Retail

at  Talcott Financial Group

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.

• This position is required to be hybrid in our Hartford, CT or Charlotte, N.C. office 3 days per week
• When applying, please attach your SOA transcript.

QUALIFICATIONS:

• Recent ASA, preferably within 1 exam of FSA
• Bachelor’s degree in Actuarial Science, Mathematics, Business or similar concentration
• 3-5 years of relevant work experience
• Experience with pricing and rate setting
• Exposure or familiarity with fixed deferred annuities and fixed indexed annuities
• Demonstrated drive for continuous learning and growth
• Strong work ethic, including the desire to take pride in and ownership of work products, and the willingness to “do what it takes” to meet critical objectives
• Excellent verbal and written communication skills
• Aptitude for learning technical software and coding skills, such as Excel, VBA, and R
• Strong critical thinking, analytical, and problem-solving skills
• Desire to continually improve processes while delivering timely and accurate results
• Independence and ability to effectively manage priorities
• Talcott Financial Group is an equal employment and affirmative action 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 and is committed to building inclusion and leveraging diversity. For more information regarding our Privacy Policy, please go to https://talcott.com/onlineprivacypolicy/onlineprivacypolicy.html

Day-to-day responsibilities depend upon the rotational assignment. The initial rotation for this role will be within our new retail annuity pricing function. Two additional sample rotations are outlined below:

Actuarial Projections Rotation

• Advanced ALM and risk management modeling in AXIS for Talcott’s investment-oriented businesses.
• Maintain and enhance the AXIS modeling system.
• Develop and implement portfolio strategies and tactics in partnership with investments, financial, operations, and the pricing units.
• Cash Flow Testing, C3P1, Outlook, Capital Attribution, Liquidity Analysis.
• Preparing the CFT memorandum and corresponding exhibits to be incorporated into the Chief Actuary’s annual CFT and C3 Phase 1 memorandum.

Actuarial Modeling Rotation

• Perform model changes to implement acquisitions, refinements, new features, and functionality.
• Support quarterly valuation and outlook reporting with detailed model knowledge and analysis.
• Perform model governance activities (including peer reviews and documentation) to ensure an adequately controlled model.
• Opportunities to support the modeling efforts other groups, such as pricing, when business needs arise.