Connecticut Office, Hartford, Connecticut, United States of America
Job Description
Talcott Financial Group is an international life insurance group and the industry's trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $127 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.Talcott Financial Group's two core business platforms include: U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re. - This position is required to be hybrid in our Hartford, CT or Charlotte, N.C. office 3 days per week
- When applying, please attach your SOA transcript.Overview:About Talcott Financial Group's Actuarial Student Program
Our program fosters leadership skills while supporting employees' progress towards attainment of Fellowship with the Society of Actuaries (FSA). Employees within the Actuarial Student Program rotate across the company in roles of 12-18 months duration, affording diverse learning experiences and opportunities to take on impactful projects. Rotations cover all product lines and include actuarial functions such as Predictive Modeling, Pricing, Valuation, Asset Liability Management, Forecasting, Enterprise Risk Management, and Investment Management. The program is managed by a committee of actuarial leaders, including our Chief Actuary, that actively mentor and support students. Talcott looks towards the Actuarial Student Program for our next generation of Actuarial leaders.Attaining Professional Designations
Students are expected to complete at least one component of the FSA pathway every 18 months. Program support includes: - Covering the cost of exam fees, module fees, and study materials such as textbooks, study manuals, and online courses;
- Generous paid study time for exams and modules;
- A community of individuals studying together.In addition to competitive company benefits, students receive raises for passing exams and first-time pass bonuses. Students that attain their ASA and FSA designations are also eligible for awards. Promotions are based on job performance and exam progress.Career and Leadership Development
The Actuarial Student Program is committed to developing well-rounded Actuarial leaders. Many opportunities supplement rotational on-the-job training and technical knowledge gained through the FSA pathway. Opportunities include: - Training courses focused on critical soft skills, such as business writing, negotiation techniques, and managerial skills;
- Student speaker series to develop presentation skills;
- Access to the Society of Actuaries' webinars and events;
- Supporting our community through volunteer events.Leadership roles for senior students are encouraged and include management, recruiting, interviewing, teaching courses, and representing Talcott at industry events.Primary Responsibilities:Day-to-day responsibilities depend upon the rotational assignment. The initial rotation for this role will be within our new retail annuity pricing function. Two additional sample rotations are outlined below:Actuarial Projections Rotation
- Advanced ALM and risk management modeling in AXIS for Talcott's investment-oriented businesses.
- Maintain and enhance the AXIS modeling system.
- Develop and implement portfolio strategies and tactics in partnership with investments, financial, operations, and the pricing units.
- Cash Flow Testing, C3P1, Outlook, Capital Attribution, Liquidity Analysis.
- Preparing the CFT memorandum and corresponding exhibits to be incorporated into the Chief Actuary's annual CFT and C3 Phase 1 memorandum.Actuarial Modeling Rotation
- Perform model changes to implement acquisitions, refinements, new features, and functionality.
- Support quarterly valuation and outlook reporting with detailed model knowledge and analysis.
- Perform model governance activities (including peer reviews and documentation) to ensure an adequately controlled model.
- Opportunities to support the modeling efforts other groups, such as pricing, when business needs arise.Qualifications:
- Recent ASA, preferably within 1 exam of FSA
- Bachelor's degree in Actuarial Science, Mathematics, Business or similar concentration
- 3-5 years of relevant work experience
- Experience with pricing and rate setting
- Exposure or familiarity with fixed deferred annuities and fixed indexed annuities
- Demonstrated drive for continuous learning and growth
- Strong work ethic, including the desire to take pride in and ownership of work products, and the willingness to "do what it takes" to meet critical objectives
- Excellent verbal and written communication skills
- Aptitude for learning technical software and coding skills, such as Excel, VBA, and R
- Strong critical thinking, analytical, and problem-solving skills
- Desire to continually improve processes while delivering timely and accurate results
- Independence and ability to effectively manage priorities
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