AVP and Actuary, ALM

Kuvare Holdings•Cedar Rapids, IA

11d

About The Position

About the role · Works with the Actuarial, Risk, and Investment teams to develop strategies for optimizing the asset liability management (ALM) position of the company and affiliates · Managing the ALM and liquidity risk profile of the companies · Oversee quarterly asset model builds in AXIS for use in quarterly actuarial projections for the company and affiliates This is a critical partner with actuarial, finance, investments (KSI), risk, legal, operations, tax, and our strategic external parties.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related fields
FSA, MAAA, with equivalent experience preferred
10+ years of life insurance experience preferred with range of experience in actuarial fields such as product management, valuation, modeling, financial reporting, and systems
Deep understanding and up-to-date knowledge of ALM techniques and Capital Management strategies
Critical thinking and sound judgement
Excellent written and oral communication skills
Demonstrated ability to work effectively with and lead cross-functional teams
Self-starter and strong entrepreneurial spirit
Demonstrated ability to deliver results under pressure in a tight timeframe

Responsibilities

Develop ALM methodology memos, change memos, management presentations on topics as needed
Liaise with Investment team to produce and provide investment or reinvestment strategies to other areas (e.g. business plan, embedded value, cash flow testing, stress testing, etc.)
Build and maintain innovative tools to assist in result analysis
Assist in the development of optimization macros, alternative strategies, and recommend methods to improve hedging and ALM efficiencies
Develop, manage, and maintain controls over ALM systems (e.g. AXIS models)
Provide Investment compliance reporting to third parties (e.g. reinsurers)
Measure, monitor, and report on ALM results to ensure compliance with guidelines and limits – develop remediation plans as needed
Monitor hedge position and results to ensure process is robust, effective, and in compliance with policies
For each monthly, quarterly, and annual reporting period, review and challenge the investment data received. Review all data for accuracy while also gaining an understanding of underlying drivers of investment results and communicate to senior management
Provide investment-related assumption and cash flow reliance statements for Appointed Actuary