Software Guidance & Assistance, Inc., (SGA), is searching for an
Actuarial Associate, Insurance Risk Modeling for a
direct placement assignment with one of our premier
Financial Services clients in
New York, NY.
This person plays a critical role in shaping the firm's understanding of insurance liabilities and risk exposures. This individual will design, enhance, and validate advanced liability models that drive pricing, valuation, asset-liability management (ALM), and hedging strategies across the enterprise.
This is a hands-on, highly analytical role at the intersection of actuarial science, quantitative finance, and risk management - ideal for an actuary who wants to build scalable modeling solutions and influence key financial and strategic decisions.
Responsibilities :
- Develop and maintain insurance liability models within the firm Risk's proprietary modeling platform to support pricing, valuation, ALM, and hedging functions.
- Perform scenario and stress testing under multiple reporting frameworks (GAAP, Statutory, Economic, Bermuda), analyzing the interaction between actuarial and market risks.
- Onboard new Institutional transactions onto the Risk platform, ensuring accurate integration of liability data and consistent modeling methodologies.
- Validate and review actuarial models - challenge assumptions, assess methodologies, and strengthen control frameworks to meet internal governance and regulatory standards.
- Collaborate with cross-functional teams - including Pricing, Valuation, Investments, and Hedging - to translate complex modeling results into clear, actionable risk insights.
- Support new product launches by ensuring risk models remain current with rate updates, product enhancements, and emerging market conditions.
- Develop quantitative tools and analytics that enable the Risk team to assess and challenge existing modeling and risk management practices constructively.
Required Skills:
- Bachelor's degree in a quantitative discipline (Actuarial Science, Mathematics, Statistics, Engineering, Finance, or related field).
- 5+ years of actuarial or quantitative modeling experience in life and annuity insurance, financial services, or consulting.
- Proven experience building or maintaining complex insurance liability models.
- Solid understanding of life and annuity products, including the drivers of both actuarial and market risks.
- Exceptional communication skills, with the ability to synthesize technical insights for both technical and non-technical stakeholders.
- What Success Looks Like
- You build reliable, efficient models that serve as the backbone for key risk and capital decisions.
- You identify model or assumption weaknesses before they become financial exposures.
- You collaborate seamlessly across Risk, Actuarial, and Investments - helping leadership see around corners.
- You balance technical precision with strategic perspective, shaping the firm's risk view at a portfolio level.
Preferred Skills: - Professional designation (FSA/ASA/CFA/FRM) strongly preferred.
- Experience in hedging, ALM, or risk-based capital frameworks preferred.
- Proficiency in Python or another modern programming language highly desirable
SGA is a technology and resource solutions provider driven to stand out. We are a women-owned business. Our mission: to solve big IT problems with a more personal, boutique approach. Each year, we match consultants like you to more than 1,000 engagements. When we say let's work better together, we mean it. You'll join a diverse team built on these core values: customer service, employee development, and quality and integrity in everything we do. Be yourself, love what you do and find your passion at work. Please find us at .
SGA is an Equal Opportunity Employer and does not discriminate on the basis of Race, Color, Sex, Sexual Orientation, Gender Identity, Religion, National Origin, Disability, Veteran Status, Age, Marital Status, Pregnancy, Genetic Information, or Other Legally Protected Status. We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, and our services, programs, and activities. Please visit our company to request an accommodation or assistance regarding our policy.
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