FSA - Manager, Financial Reporting, Insurance Risk Management

Percent of Travel Required
0 - 10%

What is ING?
ING Insurance Americas is a vital part of worldwide ING Group, one of the largest diversified financial services organizations in the world with operations in more that 50 countries and 112,000 employees. We're a leading provider of financial products and services for individuals and businesses, including life insurance, annuities, mutual funds, retirement plans and employee benefits. ING recognizes the critical role our employees play in our success as a company...we understand the link between customer satisfaction and employee satisfaction. As a result, we're building a different work experience for our employees, an experience that appeals to what they value most in a work relationship.

Who is our ideal candidate?
* The perfect candidate for the new position would be an FSA with a minimum of 3 years experience in financial actuarial valuation for equity indexed annuities, variable annuities and fixed annuities.
* Strong technical skills, excellent understanding of IFRS and US GAAP are required. A good understanding of and hands on experience with stochastic processes and risk neutral valuation would be preferable. Understanding of financial derivatives, derivatives pricing and hedging is preferable. A good understanding of fixed income security management and modeling is also preferable.
* Highly analytical, detail oriented with strong problem solving skills.
* Strong communication skills, as well as the ability to work independently under time pressure.
* Demonstrated team management skills, in a high pressure environment.

What are the job responsibilities?
* Manage a team of experts to ensure timely, correct and complete financial reporting deliverables for our variable annuities, fixed annuities and equity indexed annuities (e.g. DAC/VOBA, SOP03-1 and FAS133 reserves).
* Improve actuarial models required to correctly calculate IFRS and US GAAP reporting items for the product range mentioned above.
* Improve actuarial processes required to correctly calculate IFRS and US GAAP reporting items for the product range mentioned above.
* Analyze model outcomes and determine their validity. Implement corrective actions or engage in additional analysis when required.
* Analyze trends in financial actuarial metrics and determine underlying causes of these trends.
* Offer suggestions and actively assist in designing potential business and/or financial optimization opportunities, based on the financial results.
* Explain to senior management financial actuarial trends, current period outcomes, using attribution analysis and roll-forward information.
* Actively participate in resolving ad hoc time sensitive additional management information requests.
* Engage in and direct special projects as required.

What else can we tell you?
The Insurance Risk Management (IRM) function in ING USA Retail Annuity Business Group (RABG) is responsible for enterprise risk management and risk control of the RABG. Primary responsibilities of the Insurance Risk Management group are financial actuarial management, asset liability management, market risk management for variable and equity indexed annuities, and capital management, including economic capital, statutory capital and capital required to maintain a solid credit rating. In conjunction with other parts of the organization the RABG IRM function controls operational, legal and compliance risks inherent to the business.

We are looking to strengthen our team with a senior position responsible for the IFRS & US GAAP actuarial management activities, the Manager IFRS Actuarial Department. This position reports into the Head of Financial Actuarial Management, who reports directly to the Chief Insurance Risk Officer.

At ING, we truly are at the beginning of a transformation - an evolving journey that will create a different work experience for our employees and a different customer experience for our clients. ING has set its sights on reinventing the way it delivers financial products and services. Because we understand the link between your satisfaction and our customers' satisfaction, we want to offer you a different type of employee experience that recognizes your contribution and acknowledges individual needs, interests and stages in life. Our facility in West Chester, PA is conveniently located. There is easy access to public transportation and main highways with free general parking, full-service cafeterias, an on-site fitness facility, a company store, and much more. The site is a smoke-free environment and business casual attire is currently the standard.

WHAT ABOUT BENEFITS?
In addition to a competitive salary and bonus plan, we offer:
* Medical and dental coverage for employees, their spouses, children and domestic partners
* Incentive Savings Plan (401K), with a dollar for dollar match for the first 6% of eligible pay, multiple investment options, and immediate eligibility
* Paid Time Off (PTO) bank of days for employees to use for any reason; 20 days in first full year of employment, 23 days beginning in the fifth year of employment
* Pension Plan based on length of service and eligible pay; fully funded by ING, fully vested after 5 years.
* Health and dependent care spending accounts available.
* Company provided life insurance for employees; may purchase additional for self, spouses and children
* Company holidays based on the NYSE calendar, jury duty, military leave, bereavement and community service time.

*CBN, *MTR



No agencies, please.


ING is an equal opportunity/affirmative action employer.


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