Actuarial Manager, Model Development

Prosperity Life Group, LLC.New York, NY
Hybrid

About The Position

We’re looking for an Actuarial Manager, Model Development, to join our Actuarial Modeling team in a fast-paced, high-growth environment. In this role, you’ll be responsible for supporting all phases of the actuarial model development lifecycle, helping deliver high-quality models that support critical financial reporting, planning, and strategic initiatives across the organization. The ideal candidate is a technically strong actuary who enjoys solving complex problems, enhancing modeling capabilities, and modernizing actuarial infrastructure. You will play a key role in advancing Prosperity Life's actuarial architecture while helping improve the efficiency, scalability, and governance of end-to-end modeling processes.

Requirements

  • Associate of the Society of Actuaries (ASA)
  • 5+ years of actuarial experience in modeling, valuation, or a related actuarial discipline
  • Strong analytical and problem-solving capabilities
  • Excellent communication and business partnering skills
  • Ability to balance technical execution with strategic thinking
  • Proven ability to independently manage projects and deliver results

Nice To Haves

  • Experience with MG-ALFA or similar asset-liability cash flow modeling platforms
  • Familiarity with asset modeling concepts
  • Experience with U.S. Statutory accounting, including PBR
  • Experience with U.S. GAAP accounting, including LDTI
  • Knowledge of life and annuity products
  • Technical proficiency in SQL, R, and/or Python

Responsibilities

  • Maintain and enhance actuarial models supporting Statutory reporting, including Cash Flow Testing and Principle-Based Reserves (PBR)
  • Support models used for Embedded Value, Business Planning, and U.S. GAAP reporting under LDTI
  • Ensure models are accurate, reliable, and aligned with business and reporting objectives
  • Streamline and automate legacy model input and output processes to improve efficiency and controls
  • Develop and implement modeling standards, governance practices, and documentation
  • Enhance the overall user experience and effectiveness of actuarial modeling tools
  • Execute initiatives supporting Prosperity Life's future-state modeling platform strategy
  • Lead and support model conversion efforts as part of ongoing actuarial modernization initiatives
  • Contribute to projects focused on improving actuarial architecture, scalability, and operational effectiveness
  • Support strategic initiatives including in-force management analysis, actuarial due diligence, regulatory field testing, and model validation
  • Partner with stakeholders to provide modeling insights that inform business and actuarial decision-making
  • Translate technical analyses into actionable recommendations for broader audiences

Benefits

  • comprehensive medical, dental, and vision coverage
  • HSA
  • 401(k) company match
  • paid time off
  • employer-paid life and disability insurance
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