Actuary Analyst

About Kuvare

Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.

Kuvare family of companies: retail annuity and life insurance solutions:
United Life Insurance Company – Guaranty Income Life Insurance Company – Lincoln Benefit Life; institutional insurance:
Kuvare Life Re; bespoke insurance solutions:
Ignite Partners.

This position is part of the Actuarial Development Program for Kuvare Corporate Management (KCM). The Program offers students an array of experiences including life and annuity valuation, modeling and forecasting, product management, asset liability management, and enterprise risk management. The Program is designed with the objective to develop Fellows in the Society of Actuaries.

As an employee in the Actuarial Development Program, your day-to-day activities will be dependent on the function you are supporting and are expected to change throughout your employment.

• Prepare and help monitor reserve trends monthly on GAAP, statutory, and tax accounting bases
• Assist in preparation of Statutory Annual and Quarterly Statements
• Update valuation models and organize results for management
• Assist in gathering information and analysis for external auditor inspections

• Support rate setting and other non‑guaranteed elements (NGE) process; perform analysis to support business decisions, coordinate signoff, and monitor implementation
• Manage projects and stakeholders to promote timely and effective progress on key initiatives
• Assist pricing actuaries in designing new products
• Lead cross‑functional teams in education, objectives, and product decisions relevant to the product
• Manage and communicate pricing risks, profitability, and scenario analysis
• Ensure products are built appropriately in administration system and validat[e] test cases

• Produce and improve monthly business monitoring reporting
• Produce monthly crediting rate package and process
• Coordinate with ALM and system on data and result analysis
• Assist in the development and analyze annual illustration actuarial testing models
• Assist on special policy illustration requests
• Assist on product related projects and requests

• Build and review model inputs to support financial projection capability
• Execute and monitor model projections including troubleshooting model calculations
• Analyze model output ensuring accuracy with intended model purpose

• Update quarterly stress testing results and compare versus risk appetite and limit
• Build quarter end asset model staging for production, for multiple lines of business
• Research and implement modeling of complex asset types (structured securities, hybrid securities), investment/reinvestment strategies, cash flow behaviors, and regulations in Moody’s AXIS
• Monitor asset and liability duration, report mismatches outside of tolerance

• Build efficiencies through programming solutions in all aspects of model input and output data manipulation
• Assist in the development and production of the own risk and solvency assessment
• Assess the impacts of alternate investment or reinvestment strategy
• Assist in the development of optimization macros to improve hedging and ALM efficiency

Upon request, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• BS in actuarial science, mathematics, finance, statistics, or related area
• Proven ability to pass actuarial exams; preferably one exam pass achieved
• 0‑2 years of full‑time insurance actuarial experience (including prior internships); little prior significant experience expected, although a plus
• Unders…