Associate Actuary – Annuity Valuation

Job Description Summary

Leads and performs actuarial valuation and financial reporting for annuity products, including variable annuities and registered index-linked annuities (RILA). This role is responsible for statutory valuation, capital and reserve analysis, and delivering accurate, timely financial results. Partners with cross‑functional teams to analyze model outputs, explain drivers of results, and ensure the integrity of actuarial reporting. May provide guidance to team members and contribute to ongoing improvements in actuarial modeling and reporting processes.

• Perform statutory valuation and reporting, including reserve calculations and capital analysis for annuity products (VA, RILA).
• Produce and review monthly, quarterly, and annual financial results, ensuring accuracy and timeliness.
• Analyze and explain drivers of change in results (e.g., quarter‑over‑quarter variance, model updates, assumption changes).
• Execute and interpret results from actuarial models, ensuring outputs are reasonable and validated prior to distribution.
• Support cash flow testing and contribute to broader financial reporting (including potential GAAP exposure).
• Collaborate with internal/external stakeholders to present results and communicate key insights to management and auditors/regulators.
• Identify opportunities to enhance modeling processes, controls, and reporting efficiency.
• Monitors and analyzes developments in actuarial techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace.
• May represent the company on industry and professional committees and/or with regulators.
• May supervise a small team of employees.

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience.
• FSA or equivalent professional designation.
• In lieu of FSA will accept ASA or equivalent professional designation and 8 years of relevant experience.
• In lieu of Bachelor's, will accept Master's in a listed discipline and 4 years of relevant experience.
• Demonstrates high quality leadership, judgment, organization and prioritization skills.
• Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
• Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
• Excellent computer skills.

• Utilize actuarial modeling platforms (e.g. MG-ALFA, Python‑based tools, or similar systems) to perform valuation analysis.

• This is a hybrid position requiring three days (Tuesday‑Thursday) in office per week in one of our hub locations (Cedar Rapids or Denver).
• Relocation assistance will not be provided for this position.
• Occasional Travel