Actuarial Senior Consultant-Bermuda Modeling (Hybrid)

Securian Financial • Saint Paul, MN

8d • 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 turn complex modeling topics into useful business insights and recommendations.

Responsibilities may be performed as a developer, reviewer, or technical lead, depending on the product, project, and modeling need. The role leads 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. It also serves as a modeling subject matter expert and liaison, supports interpretation of model results, and leads testing, validation, implementation, documentation, and governance activities in accordance with modeling standards, Securian’s Modeling Principles, and relevant Actuarial Standards of Practice.

Requirements

• Self-motivated and flexible, with the ability to independently lead complex work while collaborating 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 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 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 modeling alternatives, communicate impacts and tradeoffs, and translate technical conclusions into business insights and recommendations for stakeholders and model users.
• Lead model testing, validation, implementation, documentation, and governance activities while applying model coding and development standards, Securian’s Modeling Principles, and relevant Actuarial Standards of Practice.

Benefits

• Paid time off, with additional PTO based on length of service.
• Flexible leave programs for parental leave, caregiver leave, bereavement, and military leave.
• Nine company-paid holidays.
• Company-funded pension plan and a 401(k) retirement plan; company 401(k) contributions are tied to company performance, up to 10% of eligible earnings, with a target of 5%.
• Medical, dental, and vision coverage for associates and eligible family members, available 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 relationships at work.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed