Actuarial Senior Consultant-Bermuda Modeling (Hybrid)
About The Position
This position is part of the Model Development Team in Enterprise Actuarial Services, a service-oriented function focused on actuarial modeling needs across Securian. The role provides senior technical leadership in building and enhancing actuarial modeling capabilities, initially focused on Bermuda and reinsurance modeling. It applies asset-liability modeling expertise, including asset crediting and Bermuda-focused valuation, to design and implement capabilities supporting current and future business. The position partners with stakeholders across Securian Re, Reinsurance COE, ERM, SAM, and solutions groups to translate complex modeling topics into business insights and recommendations. Depending on the product, project, and modeling need, responsibilities may be performed as a developer, reviewer, or technical lead. The successful candidate will develop and maintain effective, efficient, and well-governed modeling capabilities, contribute to evolving reinsurance transaction structures and strategic initiatives, and support model testing, validation, implementation, documentation, and governance.
Requirements
- Self-motivated and flexible, with the ability to independently lead complex work and collaborate effectively across teams.
- Strong analytical and problem-solving skills, including curiosity and initiative to research ambiguous topics, evaluate alternatives, and develop practical solutions.
- Deep actuarial modeling expertise, particularly in asset-liability modeling, asset crediting, and economic or market-based valuation concepts.
- Advanced technical aptitude and strong modeling skills, including the ability to design, implement, and review complex functionality in Prophet, FactSet, and related modeling tools.
- Strong communication, documentation, and organizational skills, including the ability to explain complex modeling concepts, impacts, and recommendations to technical and non-technical stakeholders.
Nice To Haves
- FSA.
- Experience with Prophet and FactSet, including development of complex actuarial or asset-liability modeling capabilities.
- Experience with Individual Life products, particularly IUL, and/or asset-intensive reinsurance transactions.
- Knowledge of the BMA regulatory framework, Bermuda Economic Balance Sheet methodology, model governance, and economic valuation.
Responsibilities
- Understand partner products, transaction structures, reporting requirements, responsibilities, and objectives.
- Lead the design, development, and maintenance of effective, efficient, and well-governed modeling capabilities for Bermuda reinsurance transactions, including near-term IUL needs and evolving valuation requirements.
- Apply asset-liability modeling expertise and Bermuda-focused valuation knowledge to research and solve complex modeling issues.
- Design and implement new modeling functionality in Prophet and FactSet to support evolving reinsurance transaction structures and strategic initiatives.
- Serve as a modeling subject matter expert and liaison to Securian Re, Reinsurance COE, ERM, SAM, and solutions groups; advise on model design, methodology, and interpretation of results.
- Evaluate complex model changes and alternatives, communicate impacts and tradeoffs, and translate technical conclusions into business insights and recommendations.
- Lead model testing, validation, implementation, documentation, and governance, applying model coding and development standards, Securian’s Modeling Principles, and relevant Actuarial Standards of Practice.
Benefits
- Flexible paid time off, with additional PTO based on length of service.
- Flexible leave programs, including parental, caregiver, bereavement, and military leave.
- Nine company-paid holidays.
- Company-funded pension plan.
- 401(k) retirement plan with a company contribution tied to company performance, up to 10% of eligible earnings, with a 5% target.
- Medical, dental, and vision coverage for eligible associates and family members, effective from the first day of employment.
- Paid volunteer time, company-sponsored volunteer events, and a dollar-for-dollar matching gift program.
- Associate Resource Groups supporting connection and development.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
