Director, Actuary

American Equity•Des Moines, IA

About The Position

The Director, Actuary provides leadership for the Company’s VM-22 valuation function, ensuring that valuation models, processes, controls, and reporting capabilities support accurate, timely, and well-documented reserve calculations for applicable annuity products. The role oversees quarterly valuation production, reserve analytics, model implementation and validation, and operational execution. In partnership with the Qualified Actuary and cross-functional stakeholders, the Director translates valuation requirements into effective processes and scalable solutions that support evolving business, regulatory, and financial reporting needs. The Director leads and develops actuarial talent and drives continuous improvement in the Company’s VM-22 valuation capabilities and operating processes.

Requirements

Bachelor’s degree in actuarial science, mathematics, statistics, economics, or a related field with a strong quantitative foundation.
Fellowship designation (FSA or equivalent).
Demonstrated experience leading complex actuarial valuation, modeling, or financial reporting initiatives.
FSA, MAAA required
Deep understanding of actuarial science and the ability to apply this knowledge is critical.
Knowledge of rating agency capital requirements.
Mastery of actuarial valuation best practices, procedures and processes.
General knowledge of assets and economic scenarios.
Ability to effectively present technical information to top management.
Strong knowledge and systems aptitude with asset-liability models.
Exceptional attention to numeric and other detail.
Strong statistical and advanced math skills, including excellent Excel modeling skills.
Ability to apply principles of logical thinking to a wide range of intellectual and practical problems.
Ability to read, analyze, and interpret technical journals, financial reports, and legal documents from regulatory agencies, and other members of the business community.
Strong project management skills, including planning and organization.
Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.

Nice To Haves

Experience with Aon PathWise or another actuarial projection and asset-liability modeling platform is preferred.
Supervisory experience is preferred.
Experience with retail annuity products in the US.
Experience with principle-based reserving, stochastic valuation methodologies, or asset-liability modeling is preferred.

Responsibilities

Monitor regulatory and industry developments related to VM-22 and assess potential implications for the Company’s valuation models, processes, and results in partnership with the Qualified Actuary.
Lead the validation, testing, implementation, and change management of VM-22 valuation models, including coordination of model enhancements, user acceptance testing, and production readiness.
Lead the quarterly VM-22 valuation process, including production, review, analysis, reconciliation, documentation, and communication of reserve results.
Direct and perform complex actuarial analyses related to annuity reserving and modeling, including reserve movement analysis, sensitivity testing, and identification of key result drivers.
Partner with the Qualified Actuary and stakeholders across Actuarial, Investments, Product, Pricing, Finance, Risk, and Technology to support VM-22 implementation and ongoing valuation processes.
Develop and present actuarial exhibits, analyses, and summaries to senior leadership and other governance stakeholders, and support the Qualified Actuary in communications with auditors and regulators.
Ensure actuarial analyses and supporting documentation are completed in accordance with applicable professional standards, Company policies, and internal control requirements.
Provide technical direction, coaching, and development to actuarial staff and build sustainable VM-22 valuation capabilities within the team.
Manage the employee life cycle and experience, including but not limited to, selection and retention of talent, continuous feedback and performance management, reward and recognition, corrective action and employee development.
Performs other related work as assigned.