Head of Valuation

Obra Capital, Inc. • Indianapolis, IN

4d

About The Position

The Head of Valuation will lead the actuarial valuation function, with primary responsibility for the development of financial valuations, actuarial memorandum support, and ensuring compliance with applicable US Statutory accounting standards. This role focuses on the integrity of reserves for annuity lines, with additional oversight of Life and Health products. For the appropriately qualified candidate, this position may also serve as the Appointed Actuary, providing formal regulatory opinions and overseeing cash flow testing.

Requirements

• Education: Bachelor’s degree (BA/BS) in Actuarial Science, Mathematics, Statistics, or a related field.
• Experience: 7+ years of actuarial experience, with a heavy emphasis on US Statutory valuation. Deep technical expertise in Annuities is required; Life and Health experience is highly preferred.
• Designations: Fellow of the Society of Actuaries (FSA)is required.
• Member of the American Academy of Actuaries (MAAA) is required.
• Must meet (or be on a clear path to meet) the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States.
• Technical Skills: Advanced proficiency in actuarial modeling software (e.g., GGY AXIS, Prophet, or MG-ALFA).
• Strong data manipulation skills using Python, SQL, or VBA to automate reporting workflows.
• Experience Studies: Proven track record in conducting experience analysis and translating results into actuarial assumptions.
• Technical Authority: Recognized expert in US Statutory reserve requirements and actuarial standards of practice (ASOPs).
• Strategic Leadership: Ability to lead a team and influence senior stakeholders on valuation and risk matters.
• Communication: Exceptional ability to distill complex actuarial concepts for the Chief Actuary, CEO, and Board of Directors.
• Detail-Oriented: Rigorous approach to model governance and financial accuracy.

Nice To Haves

• Supplemental experience with Life and Health product valuation is preferred.
• experience with GAAP/PGAAP reporting is a plus.

Responsibilities

• Core Valuation: Lead the calculation and reporting of statutory reserves (including CARVM, VM-22, and relevant SSAPs) for a primary portfolio of annuities. Supplemental experience with Life and Health product valuation is preferred.
• Experience Analysis: Own the end-to-end experience study process; analyze mortality, lapse, and policyholder behavior to lead the annual assumption-setting process.
• Regulatory Compliance: Ensure all valuation processes adhere to NAIC Statutory Accounting Principles (SAP); experience with GAAP/PGAAP reporting is a plus.
• Appointed Actuary (Potential): For qualified candidates, serve as the company’s Appointed Actuary, responsible for signing the Statement of Actuarial Opinion (SAO) and overseeing the Regulatory Asset Adequacy Issues Summary (RAAIS).
• Audit & Examination: Act as the primary point of contact for internal and external auditors and state regulators regarding valuation methodologies and reserve adequacy.
• Model Governance: Serve as the steward for valuation models, ensuring robust controls, documentation, and validation protocols are maintained.
• Liaison: Coordinate with the broader actuarial and accounting teams to ensure valuation results are accurately reflected in financial statements and management reporting.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager