Works closely with the GA CIO, Asset Management, and Risk Management and is primarily responsible for strategic asset allocation analyses, asset-liability stress-testing, economic capital framework, and interest rate risk management. ALM also works with GAO and Product Actuarial on investment strategies for new products and is responsible for maintenance and calibration of the economic scenario generator.\r\n
Key Responsibilities and DutiesResponsible for strategic asset allocation analyses, asset-liability stress-testing, economic capital framework, and interest rate risk management under limited guidance\nWorks with GAO and Product Actuarial on investment strategies for new products and is responsible for maintenance and calibration of the economic scenario generator\nUnder general supervision, Responsible for strategic asset allocation analyses, asset-liability stress-testing, economic capital framework, and interest rate risk management under limited guidanceEducational RequirementsUniversity (Degree) PreferredWork Experience5+ Years Required; 7+ Years PreferredPhysical RequirementsPhysical Requirements: Sedentary Work
Career Level
8IC
Summary
Actuaries at TIAA perform actuarial work related to capital adequacy/financial strength, experience studies, actuarial modeling, asset liability management (ALM), valuation, retirement plan support, product development, pricing, non-guaranteed element determination and other business functions. Under minimal supervision, this job requires compliance with actuary practices and monitoring of changing regulations to ensure consistent compliance and delivery of optimal solutions to both internal and external clients
Job Description
Performs actuarial work related to asset liability management (ALM). Under minimal supervision, this job requires compliance with actuary practices and monitoring of changing regulations to ensure consistent compliance and delivery of optimal solutions to both internal and external clients.
Key Responsibilities and Duties:
Develops actuarial analyses with respect to the company's actuarial liabilities and capital position to ensure adequate financial strength of annuity and life insurance product lines, as well as overall financial strength of the company.Develops asset and liability modeling and analyses of annuity and life insurance lines of business including financial projections and stress testing.Works on various ALM projects such as economic scenario generation, duration analysis, and interest rate stress testing.Candidates should have demonstrated experience with ALM reporting and anal.
Related SkillsAccountability, Actuarial Science, Business Acumen, Collaboration, Communication, Continuous Improvement Mindset, Executive Presence, Financial Acumen, Financial Modeling, Problem Solving, Relationship Management, TIAA Products/Services Acumen_____________________________________________________________________________________________________
Company Overview
TIAA Global Capabilities was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA Global Capabilities is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.
Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
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If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: accessibility.support@tiaa.org
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