AVP – Actuary

GENERAL PURPOSE OF THE JOB:   

The AVP, Actuary is responsible for leading critical asset adequacy analysis to ensure the long-term solvency of our organization. This role offers the opportunity to influence strategic decisions, collaborate across departments, and manage a high-performing team all while working on complex, rewarding challenges in the annuity space.

ESSENTIAL DUTIES AND RESPONSIBILITIES:  

• Drive timely and accurate asset adequacy analysis for fixed indexed annuities and other annuity blocks, ensuring financial strength and regulatory compliance.
• Monitor industry trends, regulatory changes, and best practices to keep processes cutting-edge.
• Partner with Corporate Actuarial (valuation, modeling, FP&A, assumptions) and teams like Investments, Product, and Pricing to share insights and shape business strategy.
• Manage and mentor a diverse team of actuaries, fostering growth, engagement, and excellence.
• Serve as the go-to resource for cash flow testing frameworks.
• Work closely with Investments to model and validate asset cash flows and market values using MG-ALFA.

SUPERVISORY RESPONSIBILITIES:

Direct Reports:

Two (2) to three (3) actuarial associates, analysts and interns.

General Description of Indirect Reports (2 and 3-downs): 0 to 1

EDUCATION AND/OR EXPERIENCE:  

• Bachelor’s degree in actuarial science or related field.
• 10+ years of progressive actuarial experience, including asset adequacy analysis.
• Prior experience with MG-ALFA or similar actuarial software.
• Prior experience leading cashflow testing is preferred
• 4+ years of leadership experience preferred.

CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:

• FSA, MAAA or ASA, MAAA required.

KNOWLEDGE, SKILLS AND ABILITIES:

• Deep knowledge of financial reporting, regulatory requirements, and ASOPs.
• Proficiency in modeling fixed indexed annuities under various jurisdictions (e.g., Bermuda) and capital models.
• Strong understanding of reinsurance transactions and asset-liability modeling.
• Advanced analytical and statistical skills, including Excel modeling.
• Exceptional attention to detail and ability to manage complex projects and a team under tight deadlines.
• Strong communication skills to present technical concepts to senior leadership and stakeholders.