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TIAA
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COMPANY OVERVIEW:

 

TIAA is a unique financial partner. With an award-winning track record for consistent performance, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $1 trillion in assets under management (as of 9/30/2018) and offers a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services.

 

POSITION SUMMARY:

 

The actuary will be the unit’s key person responsible for the Non-Pension Annuity and Tuition Savings Plans valuation processes and reserve calculations.  The actuary will report and analyze the Statutory and Tax reserves, maintain the valuation systems and automated reporting processes, perform year-end reporting and support Sarbanes Oxley (SOX) controls and auditor reviews.  The actuary will also develop automation and continuous improvement processes related to the Non-Pension Annuity reserve calculations and reporting.

 

KEY RESPONSIBILITIES AND DUTIES:
 

- Work with the valuation vendor system, CASE, to calculate and report the monthly Statutory and Tax reserves for the Non-Pension Annuity products.

- Perform quarterly and year-end reporting, including the NYSDFS EDP, questionnaires and AV Roll forwards.

- Perform SOX controls and support audits and NYSDFS Examinations. 

- Produce spreadsheet reserve validations and AuditVals through the CASE valuation system to perform reserve testing.

- Work with IT, to maintain the CASE valuation system and support regression testing and review of system upgrades and modifications.

- Maintain the Tuition Savings Plans’ automated accumulation calculations, reporting processes and accounting systems. 

- With the recent ALIP conversion to McCamish, build new automated reporting and processing tools for increased efficiency.

- Provide financial information for Rating Agency surveys and the NYSDFS Liquidity Survey. 

- Support other product lines and special projects occurring in the Valuation area.

 


Required:

-BA/BS in Mathematics, Actuarial Science or related field
-3+ years required with Actuary experience
-Advanced proficiency with Excel 
 
Preferred:

- FSA or ASA
- 5+ Years of Actuary experience
- Familiar with the Non-Pension Annuity products and valuation requirements
- Strong Analytical skills
- Attention to detail and good organization skills
- Experienced in working with VBA
- Worked with valuation or modeling vendor systems

Equal Employment Opportunity is not just the law, it’s our commitment. Read more about the Equal Employment Opportunity Law.

If you need assistance applying due to being visually or hearing impaired, please email Careers Help.

We are an Equal Opportunity/Affirmative Action Employer. We will 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 legally protected status.

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