Associate Actuary – Annuity Valuation

Responsibilities

• Leads and performs actuarial valuation and financial reporting for annuity products, including variable annuities and registered index-linked annuities (RILA).
• 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.
• Provides reports and analyses to management on sales, persistency and mortality or morbidity experience for various product lines, reserve adequacy, risk management information, or various other similar items.
• Manages studies that underlie actuarial assumptions and provides assumptions and data to others.
• May support creation of systems specifications, contracts, commission structures, and other actuarial aspects of product development.
• 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.