Staff Actuary Cover Letter

I submit this application to express my sincere interest in the staff actuary position.

Previously, I was responsible for support and analysis for critical decisions involving management of the life insurance block of business.

Please consider my qualifications and experience:

• Extensive knowledge and understanding of advanced financial analysis techniques including actuarial techniques such as Dynamic Financial Analysis (DFA)
• Strong relationship and communication skills in working with colleagues and influencing customers on recommendations and analysis results
• Extensive background and professional knowledge of Actuarial Modeling systems (MG-Alfa preferred)
• Experience in Prophet or other actuarial modeling software
• Implement new term products into valuation system
• Prepare quarterly actuarial board documents and ad-hoc PowerPoint presentations
• May assist audit team in developing workpapers and client deliverables
• Support exploration of potential risk reduction strategies

I would like to submit my application for the staff actuary opening. Please accept this letter and the attached resume.

In the previous role, I was responsible for support for other risk initiatives or special projects of the Insurance and Annuity business.

Please consider my experience and qualifications for this position:

• Understand Industry, Regulatory, and Competitive pressures facing the annuity business
• Own the development of quarterly owned account interest rate risk analytics working with key business partners
• Own and support various ALM / interest rate risk modeling efforts (such as product pricing support), working with key business partners
• Provide analytics / support initiatives that help drive the management of the business, including development of investment strategies for the owned account portfolios
• Support strategic initiatives through ad-hoc analytics as they pertain to the owned account businesses
• Prepare / summarize results for discussion both within and external to Treasury (key business partners, management)
• Participate in projects as the subject matter expert
• Produce and maintain methods, procedures, and documentation to comply with standards established by the model governance program

I am excited to be applying for the position of staff actuary. Please accept this letter and the attached resume as my interest in this position.

In the previous role, I was responsible for actuarial analysis of group life insurance and disability insurance plans.

I reviewed the requirements of the job opening and I believe my candidacy is an excellent fit for this position. Some of the key requirements that I have extensive experience with include:

• Develop other ad-hoc modeling methods and tools for analysis
• Involvement in LTC rate increase filings includes development of initial submission, reviewing with external consultants and preparation of responses to objections from states
• Pricing of DI products including development of assumptions, producing & analyzing results and communication with management
• Primary contact for business partners in RiverSource Service Operations for all issues related to health products
• Key contact in ongoing relationship with internal clients including Technology, Marketing and Finance
• Enhance and validate existing Risk Agility models and develop models under new corporate platform that are used to analyze DI and LTC lines of business
• People leader for actuarial student
• Establishes and manages priorities for self and staff

I would like to submit my application for the staff actuary opening. Please accept this letter and the attached resume.

Previously, I was responsible for education and training on product features to actuarial specialists, IT personnel and Life Customer Service associates.

My experience is an excellent fit for the list of requirements in this job:

• Works with leader with prioritizing projects and determining proper resource(s)
• Work with Marketing, LFO, CMS, and Corporate Actuarial
• Conduct and Synthesize complex analysis and produce high level summaries/headlines for leaders
• Produce and maintain methods and procedures for internal model governance and controls
• Engage in peer reviews and reconciliations within the department and with other areas of the organization as needed
• Take lead role in supporting regulatory requirements
• Monitor and analyze the competitor products and the overall competitive environment
• Lead role in reviewing and developing expense assumptions

I submit this application to express my sincere interest in the staff actuary position.

In my previous role, I was responsible for technical analysis and support by developing, improving, operating and documenting the life company risk models.

I reviewed the requirements of the job opening and I believe my candidacy is an excellent fit for this position. Some of the key requirements that I have extensive experience with include:

• Build and maintain relationships with internal clients such as Corporate Actuarial, Investment Department, LFO, and Product Development
• Provide technical analysis and support by developing, improving, operating and documenting a variety of complex actuarial models and experience studies
• Perform data analysis and communicate the results effectively to leader and peers across various functional groups
• Develop capabilities, including governance and oversight, within experience reporting processes
• Heavily involved in Prophet implementation projects including validation of UL/VUL Stat reserves, development of monthly processes and creation of analytical tools
• Assist and help drive various projects, including GAAP Targeted Changes, PBR implementation, assumptions repository, end-to-end valuation automation
• Designs, develops, and maintains analytical models, using a variety of corporate software tools – ALFA, Excel and additional tools
• Provides guidance and direction to less experienced staff members on assignments