Munich American Reassurance Company

Job Description

 

Completed By:                                                                               Date:                                             

 

Position Title:     Actuarial Analyst                                                                                                       

 

Department:       Corporate Actuarial                                                                                                   

 

Title of Immediate Supervisor:  Cheryl Simon, Supervisor                                                                     

 

            Reviewed By:   Brent Arnold                 Title:     Associate Actuary                                                       

 

1.              Describe the essential functions or responsibilities of the position.  Be concise and specific; try to avoid the use of general terms, such as, handle, process, prepare, etc.  Estimate the percentage of time normally spent on each duty.

 

Ordinary Life In-force and Reserves 90%

á       Collect & maintain Statutory Reserve Information for Statutory Reporting and FIT reporting 

á       Allocations, Investigations and Follow-ups regarding changes in allocations, new treaties, new or changed reporting from Client companies, etc.  Maintenance and creation of allocation SQLÕs, spreadsheets and tables.

á       Comparison of client data, summary of system data, analysis of data. 

 

Miscellaneous 10%

 

á       Special Projects, Mail-outs, Procedures, Filing, Information tracking.

á       Creation, development, communication, revision and maintenance of allocation and special procedures

á       Communication, development and execution of special projects

á       Several Annual Reserve request mailings.

á       Filing of company correspondence and reserve information

á       Tracking of documentation

 

2.              Give examples of the type of decisions that are made in this position and the impact of these decisions. 

 

á       Document Retention Decisions

á       Determining when to contact or follow up with Client companies

á       Deciding when to refer questions to Supervisor

á       Deciding order and prioritization of duties within given time framework

 

 

3.              List regular contacts and indicate the frequency of contacts.  (Exclude direct supervisors(s) or subordinate(s).

 

Internal: 

Administration: Quarterly to determine treaty allocations of business, other times as needed to research problems

 

CIS:  As needed concerning electronic data

 

Treaty:  As needed to for treaty allocation of business

External:

 

Client Companies as needed, can be as much as 50 times a month

 

4.              Identify any quantifiable measures of the success of the positions (e.g. number of transactions process, accuracy, timeliness).

á       Meeting of Deadlines

á       Maintaining and monitoring reserve and in-force information on 1400+ plans/treaties for approx 250 Companies. This responsibility is shared with other staff members.

á       Accuracy of reserve and in-force allocation information

 

5.              Identify and specific safety requirements or equipment needed to safely perform this job.  

 

            None

 

6.              Identify any specific knowledge, education and skills required to accomplish the duties of the position.  Distinguish between the knowledge, education and skills that are required and those that are preferred.

                                      

á       Familiarity with and understanding of reinsurance concepts and reporting requirements

á       Strong mathematical and analytical skills

á       Detail oriented and inquisitive with strong problem solving and investigative skills

á       Team-player with good communication and people skills

á       Ability to readily adapt and be responsive to a dynamic work environment with rapidly changing requirements.

á       Self-starter with ability to work both independently and collaboratively as a team member

á       Preferred candidate will have successfully completed one or more Actuarial Exams

á       Excellent working knowledge of Excel formulas and functions, pivot tables and Oracle

 

7.              If this position involves supervisory responsibilities:

 

-        Number of Employees Reporting Directly:  None

 

-        List the Title(s) of Subordinate Positions: N/A

 

-        Number of Employees Reporting to this Position Through a Subordinate: None