Actuarial Product Development Manager

Reference #: JR0265957

Position Type : Full time

Type Of Hire : Experienced (relevant combo of work and education)

Education Desired : Bachelor of Science

Travel Percentage : 0%Job Description

Are you curious, motivated, and forward-thinking? At FIS you will have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, enthusiastic and above all fun.About the team:

The award-winning FIS Insurance Risk Suite helps you automate and control all actuarial processes, cost-effectively achieve compliance, and respond with agility in a volatile market that's rife with emerging risks.We are looking for an Actuarial Product Development Manager to join our US Actuarial Library team, supporting the enhancement of the US libraries supplied with the FIS Insurance Risk Suite (Prophet) solution.We sit at the forefront of the Insurance modelling industry and empower insurers and reinsurers around the world with the tools and services they need to reliably manage their risks. In the US Actuarial Library team, you will enhance the modelling capabilities in Prophet to meet customer needs around insurance product and regulatory developments affecting the US insurance industry.Responsibilities in the role will include:

Develop actuarial code provided with the US liability libraries, focusing on life insurance products.

Review peers' actuarial code for accuracy and appropriateness

Ensure that product deliverables are suitable and well documented.

Work closely with other actuarial teams to deliver holistic solutions.

Perform work management for other actuarial staff.What you bring

Bachelor's degree in Mathematics or science-based subject

At least 5 years' experience working on life insurance products in a life insurance department or consultancy.

Associate or Fellow of the Society of Actuaries, or Member of the American Academy of Actuaries

Have used the Prophet system for a minimum of 5 years or will have demonstrably equivalent experience and will have been involved in key business projects using Prophet or other actuarial modelling platforms.

A background in insurance or financial services, and a general knowledge of the US insurance industry's regulatory and reporting frameworks - US Statutory pre-PBR and PBR requirements, US GAAP pre-LDTI and LDTI requirements, US Tax reserves and Asset / liability management or cash flow testing

A good working knowledge of Excel, Word, and PowerPoint

Strong problem solving and analytic skills.Added bonus if you have:

Familiarity with the US libraries supplied with Prophet, preferably the US 360 libraries.

Worked directly with numerous advanced Prophet modeling techniques: new business processing, calculation looping, rebasing, goal seeking, extended formulas, nested structures, modules, or dynamic and stochastic modelling.

Awareness of potential performance bottlenecks and solutions when designing models

Technical knowledge of programming and systems development

Technical knowledge of cloud infrastructure and technologyWhat we offer you:

At FIS, you can grow your career as far as you want to take it. Here's what else we offer:

Opportunities to make an impact in fintech

Personal and professional learning

Inclusive, diverse work environment

Resources to give back to your community

Competitive salary and benefits.Privacy StatementFIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the .EEOC StatementFIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic informat on, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is supplement documentFor positions located in the US, the following conditions apply. If you are made a conditional offer of employment, you will be required to undergo a drug test. ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.Sourcing ModelRecruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.#pridepassFIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic information, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is available here: http://www1.eeoc.gov/employers/upload/eeocselfprintposter.pdfFor positions located in the US, the conditions below apply.If you are made a conditional offer of employment, you will be required to undergo a drug test and background check (including criminal record check)ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.