Join our Life Annuity Valuation team, supporting Universal Life valuation and financial reporting activities that are critical to quarterly and annual reporting cycles. This role contributes to the preparation, validation, and analysis of valuation results, regulatory reporting, and financial exhibits, helping ensure accuracy, compliance, and timely delivery of financial results.
This role may be filled at the Actuarial Associate, Actuary, or Sr. Actuary level depending on experience, valuation background, and actuarial credentials. FSA designation is strongly preferred.
WHAT WE CAN OFFER YOU:
- Estimated Salary (Levels have variable responsibilities and qualifications):
- Actuarial Associate (ASA): $113,000 - $144,000 plus annual bonus opportunity.
- Actuary (FSA): $139,000 - $177,000 plus annual bonus opportunity.
- Sr. Actuary (FSA): $150,000 - $190,000 plus annual bonus opportunity.
- 401(k) plan with a 2% company contribution and 6% company match.
- Work-life balance with vacation, personal time and paid holidays. See our benefits and perks page for details.
- Applicants for this position must not now, nor at any point in the future, require sponsorship for employment.
WHAT YOU'LL DO:
- Support quarterly and annual valuation reporting for Universal Life products, including preparing and reviewing reserves, financial results, and supporting documentation to meet reporting deadlines.
- Review and validate actuarial model results, investigate variances, and analyze key drivers impacting reserves and financial outcomes.
- Prepare and support regulatory and financial reporting, including the Statutory Annual Statement, VM-31 Report, Cash Flow Testing (CFT) memos, and related schedules.
- Enhance actuarial models and processes, supporting model validation, and continuous process improvement or automation efforts.
- Assess experience trends and recommend assumptions for reserve calculations.
- Collaborate cross-functionally with departments such as Product, Capital Management, and Financial Planning to drive enterprise-wide initiatives, optimizing the company’s risk/return profile and ensuring compliance with actuarial standards.
- Provide peer reviews of actuarial work, ensuring accuracy and rigor. Serve as a mentor within the department, fostering growth and ensuring the team is up to date on emerging trends and best practices.
WHAT YOU’LL BRING:
- FSA strongly preferred; ASA required for Actuarial Associate consideration. Prior experience in life or annuity valuation is preferred, with Universal Life valuation experience strongly preferred.
- Experience supporting quarter-end and year-end valuation cycles, including statutory reporting such as Annual Statement exhibits, VM-31 Report, and Cash Flow Testing (CFT) documentation.
- Strong analytical skills with the ability to review model output, investigate variances, and interpret financial results with attention to detail.
- Familiarity with actuarial modeling software and advanced Excel skills, along with the ability to document methodologies and support model or reporting enhancements.
- Strong communication and collaboration skills, with the ability to work effectively across teams to ensure the success of cross-functional projects and explain complex concepts with clarity, whether addressing technical colleagues or senior leadership.
- You promote a culture of diversity and inclusion, value different ideas and opinions, and listen courageously, remaining curious in all that you do.
- Able to work remotely with access to a high-speed internet connection and located in the United States or Puerto Rico.
We value diverse experience, skills, and passion for innovation. If your experience aligns with the listed requirements, please apply!
If you have questions about your application or the hiring process, email our Talent Acquisition area at [email protected]. Please allow at least one week from time of applying if you are checking on the status.
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