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American National Insurance Company

American National Insurance Company

AVP and Actuary, Pension Risk Transfer (TX)

AVP and Actuary, Pension Risk Transfer (TX)

Job Details
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Uploaded On
September 3, 2023
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Location
League City, United States
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Remote?
No
Company Overview
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Headquarters
Galveston, TX
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Number of Employees
Estimated Number of Actuaries
Salary
$
k-$
k
Glassdoor Ratings
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Recommend to a Friend
52%
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Overall Score
3.3 / 5
[ Job Posting

This role is responsible for management of the Pension Risk Transfer Team (PRT) and the Single Premium Immediate Annuity product (SPIA). The PRT valuation team calculates TAX, STAT, and GAAP reserves for all PRT transactions. The PRT valuation team will also provide reporting on PRT related reinsurance, earnings analysis, and other reporting (management, regulatory, rating agency, etc.)

This position is available in Houston, TX, League City, TX or Galveston, TX.

Responsibilities
  • Oversee PRT valuation for TAX, STAT, and GAAP reporting to include reviewing and approval of modeling new deals and ensuring complete and accurate calculations
  • Monitoring regulatory requirements and overseeing/validating all changes to PRT valuation
  • Oversee SPIA valuation
  • Re-designing reporting to explain earnings and drive senior management decision making
  • Maintaining and enhancing a strong control framework
  • Collaborating with other actuarial teams on complex initiatives, including
  • Projections on a STAT and GAAP basis
  • Reinsurance solutions
  • Peer review
  • Assumption setting
  • Managing and leading a team of actuaries to include providing guidance and direction, driving strong performance, and developing the talent on the team


Minimum Qualifications
  • Bachelor's degree.
  • 10 to 12 years of experience.
  • Five to 10 years of supervisory/management experience.
  • Additional Qualifications:
    • FSA
    • Demonstrated experience in PRT valuation
    • Ability to present and explain results to senior management
    • Experience leading a team and collaborating with others
    • Proven insurance business knowledge
    • Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and all organizational levels
    • Ability to lead and develop an engaged, high performing team of actuaries


Disclaimer

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

EEO/ADA Statement

American National Insurance Company is committed to compliance with the ADA. If you require reasonable accommodation during the application process or have a question regarding essential job function, please contact a member of the HR team.

American National offers eligible employees and their families medical, dental, vision, and basic life insurance. Employees are able to enroll in our company's 401k plan. Employees also receive annually a bank of paid time off and paid holidays. We aspire to see people for what they bring to our corporate culture by supporting an inclusive work environment, including an emphasis on a healthy work-life balance, development opportunities, and a casual dress code.

American National is an established, stable, and successful multi-line insurance corporation that has provided financial strength and a sense of security to employees, customers and business partners since 1905. With focus on our organization's values and cultural richness: Financial Strength, Integrity, Respect, Service and Teamwork (FIRST) and Agility, Collaboration, and Engagement (ACE) we continue to pursue our vision to be a leading provider of financial products and services for current and future generations.

Hiring Practices

The preceding job posting was designed to indicate the general nature and level of work performed by employees assigned to this position. It is not intended to be interpreted as a comprehensive list of all duties, responsibilities, and qualifications. We are dedicated to building a diverse, inclusive, and authentic workplace, so if you're excited about this role, but your past experience doesn't align perfectly with the job qualifications, we still encourage you to apply. You may be just the right candidate for this position or other opportunities at American National.

American National's recruitment policies help us place individuals in a timely and efficient manner. Only the most qualified candidates will be contacted by our recruiting team. Candidates may check the status of their application(s) by logging into our Career Portal. Learn more about our company, by following us on social media: LinkedIn, Facebook, Instagram

American National is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information or any other legally protected categories. American National is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities.

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JOIN OUR TALENT COMMUNITY

"If you believe you can make a difference in the lives of our clients, if you're willing to work hard, if you want a fulfilling career, and if your values match ours, then I want you to work for American National. " - James Pozzi, Former President and CEO. ]
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Working at 

American National Insurance Company

American National Insurance Company is a prominent provider of insurance and financial services with a legacy spanning over a century. As a well-established industry leader, American National offers a wide range of insurance products, including life, property and casualty, and health insurance. Actuaries at American National Insurance Company play a vital role in evaluating and managing risks. They utilize their expertise in advanced statistical models and data analysis to assess risks, develop pricing strategies, and ensure the financial stability of the company's insurance offerings. With a diverse portfolio of insurance products and a customer-centric approach, American National provides actuaries with a dynamic and rewarding work environment. Actuaries collaborate with cross-functional teams, analyze data, and provide insights that inform strategic decision-making. Professional growth is highly valued at American National Insurance Company, and actuaries have access to ongoing training and development opportunities. Actuaries can enhance their skills, stay abreast of industry advancements, and contribute to the company's success. Join American National Insurance Company's esteemed actuarial team and embark on a fulfilling career where you can make a meaningful impact on protecting individuals and businesses. Enjoy competitive benefits, a supportive work environment, and the opportunity to shape the future of the insurance industry.