Lead Capital Actuary

Brookfield Wealth Solutions, Ltd•Chicago, IL

7d•$151,000 - $198,000•Onsite

About The Position

The Lead Capital Actuary will lead the regulatory and rating agency capital models for Clearbrook and support the CRO with all aspects related to capital management strategy. This role requires active collaboration and regular communication with key stakeholders and business partners across finance, actuarial, ceded, risk management, and other functions. The position is 100% in-office and requires candidates to work on-site at a designated company office during standard business hours.

Requirements

Bachelor’s degree from an accredited college or university, preferably in Mathematics, Actuarial, Finance or Science
Qualified actuary
8+ years of experience required
Experience in leading or working on all areas of a capital function including modelling, analysis, and communicating results
Knowledge of factor-based models, especially US RBC and BCAR
Strong interpersonal and stakeholder management skills
High degree of numeracy - ability to analyse data and make sound expert judgements
Ability to work with limited resources to reach successful outcomes
Excellent analytical and abstract reasoning skills and strong organizational skills
Project management and planning skills
Ability to mentor and develop others
Excellent communication skills
Ability to articulate position and obtain buy-in from different functions

Nice To Haves

Understanding of different accounting standards – US GAAP, US STAT, Economic, etc
Exposure to NAIC Own Risk & Solvency Assessment (ORSA) regulations and practices
Knowledge of CAT models and asset models

Responsibilities

Develop and refine the capital, liquidity, and dividend strategy, working with CRO, CFO, and the CEO
Build out a real-time view of capital position and a forecasted view aligned with business plans
Design and implement a framework to maximize capital efficiency and fungibility across the organization
Embed capital metrics and modelling into strategic management decision-making
Own the operation and delivery of the function’s objectives
Further establish and develop a model to support portfolio optimization and underwriting strategy
Provide timely and accurate capital metrics to senior management, regulatory bodies and rating agencies
Improve model governance including documentation and processes
Lead the production of a capital dashboard on a quarterly basis that provides a clear view of the solvency position of the group across regulatory and rating agency models
Work closely with CRO and ERM function to support risk management activities, including designing, building and operating stress and scenario modelling tools to assist with the ORSA
Management of end-to-end projects
Ability to build processes and help shape developing projects
Ability to influence and communicate effectively
Integral part of the current design and future development of capital strategy