Director, Model Development
About The Position
We’re seeking a Director, Model Development, to join our Actuarial Modeling team and lead critical modeling initiatives within a fast-paced, high-growth environment. In this role, you’ll combine deep actuarial modeling expertise with strong project leadership to drive the development, enhancement, and modernization of enterprise actuarial models supporting financial reporting, capital management, and strategic decision-making. As a key leader within the actuarial organization, you will oversee multiple modeling workstreams, support complex business initiatives, and help shape the future state of Prosperity Life's actuarial architecture. The ideal candidate is a technically accomplished actuary who enjoys solving complex challenges, leading teams, and translating sophisticated modeling insights into meaningful business outcomes.
Requirements
- Fellow of the Society of Actuaries (FSA)
- 7+ years of actuarial experience, including experience leading teams and complex initiatives
- Deep expertise in U.S. Statutory accounting, including PBR
- Deep expertise in U.S. GAAP accounting, including LDTI
- Strong experience with life and annuity products
- Proven ability to lead multiple projects and workstreams simultaneously
- Strong executive communication and presentation skills
- Experience presenting complex analyses to senior leadership and Board-level audiences
- Demonstrated success developing and leading high-performing technical teams
Nice To Haves
- Experience with Bermuda Economic Balance Sheet Framework
- Expertise in MG-ALFA and actuarial cash flow modeling platforms
- Experience with ARCVAL CASE
- Familiarity with asset modeling
- Technical proficiency in SQL and Python
Responsibilities
- Maintain and enhance actuarial models and processing tools 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 modeling outputs are accurate, timely, and aligned with reporting and business requirements
- Execute the future-state modeling platform strategy, including model conversions and architecture modernization initiatives
- Lead efforts to improve model quality, scalability, governance, and operational efficiency
- Support enterprise initiatives related to LDTI, PBR, capital management, and actuarial transformation
- Manage multiple modeling workstreams and strategic projects simultaneously, ensuring successful delivery against priorities and timelines
- Coordinate cross-functional stakeholders to drive execution of key actuarial initiatives
- Balance hands-on technical engagement with overall project oversight and leadership
- Drive initiatives that improve end-to-end modeling processes and reduce financial reporting cycle times
- Enhance modeling controls, analytics, automation, and documentation standards
- Identify opportunities to improve efficiency, transparency, and user experience across actuarial tools and processes
- Support in-force management, actuarial due diligence, regulatory field testing, and model validation activities
- Help develop transaction pricing models for capital management initiatives, including financial reinsurance transactions
- Support regulatory filings and analyses associated with strategic capital initiatives
- Lead, mentor, and develop a high-performing team of actuarial professionals
- Foster a culture of technical excellence, continuous improvement, and collaboration
- Support the development and implementation of modeling standards, best practices, and governance frameworks
Benefits
- comprehensive medical, dental, and vision coverage
- an HSA and 401(k) company match
- paid time off
- employer-paid life and disability insurance
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
