Life Actuary / Quantitative Analyst

The Tillinghast business of Towers Perrin provides global actuarial and management consulting to insurance and financial services companies and advises a wide range of companies on risk financing and self-insurance. We help clients with a broad range of business issues, including mergers & acquisitions; financial and regulatory reporting; risk, capital and value management; products, markets and distribution; and financial modeling solutions.

Job Description:

This position will provide analytical/systems support for modeling capital markets risks within complex insurance products. Initial focus will be on sophisticated hedging programs that incorporate advanced derivatives strategies to mitigate the risk exposure in the equity guarantees offered in Variable Annuities and Equity Indexed Annuities. As an actuary / analyst, you will work closely with both actuaries and other quantitative analysts.

Responsibilities include:


Providing sound analytical/systems support for the development and implementation of innovative hedging strategies to effectively mitigate complex business risks, combining actuarial, financial, and capital markets components.
Enhancing existing hedging programs so as to improve performance and effectively meet evolving business needs.
Developing, maintaining and documenting sophisticated financial models to support various annuity risk management programs, including most specifically hedging projects.
Developing, generating and documenting management reports that quantify key hedge program performance metrics and risk exposures to ensure robust feedback and control.
Working effectively on cross-functional projects with Investment Management, Financial Management, and Product Pricing personnel.

Requirements:


Two ? three years of professional experience in the financial services industry involving a mix of actuarial and capital markets related projects. Significant experience in supporting the implementation of quantitative derivative strategies is a plus.
Excellent computer skills (especially TAS and/or MoSes, C++, SQL, Excel, Access, Visual Basic,). Position has significant implementation responsibilities
Knowledge of Financial Mathematics with solid applications oriented understanding of Derivative Pricing Theory. Preferred degree: Master degree in Actuarial Science or Quantitative Finance or related field (Mathematics, Physics, Statistics, etc.). Can consider Bachelors degree in a quantitative discipline with significant actuarial and derivatives modeling experience.
A mix of capital market and actuarial background is strongly preferred. Either an ASA with hands-on experience in annuity risk management and investment background and / or a quant with hands-on experience in capital markets and understanding of annuity risk management.
Specific expertise regarding the following will be viewed positively:
Equity and/or fixed income structured products, exotic hybrid ?basket? options, fund linked, multivariate, path-dependent instruments, volatility modeling.
Stochastic modeling, computational technology, and data base management in large scale, distributed processing environments.
Annuity products, including reserves, economic capital, pricing metrics, and financials.
Detail-oriented team player with strong written and oral communication skills.

Interested candidates should apply online in the ?Careers? section at