Director, Actuary

Company Overview

Converge RE provides reinsurance to life and annuity insurers seeking improved financial efficiency with the reallocation of capital through a well-capitalized A‑financial strength rated reinsurance company. Converge RE combines life and annuity reinsurance with a sophisticated investment strategy built on Lightstone’s superior real estate asset management skills, balanced by a fixed income allocation managed by Western Asset Management, a global asset manager, with over $450 billion of AUM.

We pride ourselves on being able to tackle complex reinsurance opportunities and deliver creative client‑centric reinsurance solutions while adhering to stringent regulatory and insurer guidelines. Converge RE is managed by an experienced reinsurance and insurance team that has a track record of solid risk management and delivering long‑term results.

This position provides support to the CEO and the Chief Actuary, including model‑building / coding and review, transaction and deal structuring support, pricing / risk analysis, deal information gathering, reserving, US financial reporting, and financial projections. This role requires actuarial expertise, knowledge of actuarial software / coding languages, and the desire to work on a small team to build and grow a new business.

• Model of proposed and existing transactions
• Assist with pricing / underwriting new transactions
• Support financial reporting including reserving and financial planning – Cash, GAAP, Stat
• Manage monthly reinsurance settlement process – client correspondences
• Liaise with the DB engineers to improve the settlement process
• Help build reports for internal and external audiences – senior management, Board of Directors, rating agencies, regulators, etc.
• Liaise with the Accounting team on valuation of assets and liabilities and help ensure coordination amongst actuarial, accounting, and investment teams
• Liaise with the Investment team to provide projected cash flows and reserves for ALM and liquidity management

• Strong actuarial software knowledge
• Strong knowledge of Statutory and US GAAP valuation
• Recent FSA or similar level
• 5 - 10 years of experience in relevant actuarial roles
• Experience with Fixed Indexed Annuities, Multi‑Year Guaranteed Annuities, and/or Traditional Life Insurance preferred but not required
• Reinsurance work experience is preferred
• Strong analytical and technical skills
• Willing to work full‑time in office environment
• Knowledge of programming languages e.g., Python, R is a plus
• Knowledge of SQL, VBA is preferred
• Strong Excel skills

• Able to work well in a small‑team environment – ability to work at multiple levels
• Excellent communication skills required
• Attention to detail – highly organized
• Flexible, ability to multi‑task, and handle changing priorities
• Self‑motivated
• Passionate about personal and company growth
• Comfortable with broadly defined role; ability to meet timelines