Senior Actuarial Associate - Valuation

Venerable

111d

About The Position

This newly opened Actuarial position will hold responsibility for reporting on reserves, Tax reserves, C3P2 RBC capital, and Cash Flow Testing for the Variable Annuity business. The role involves timely and accurate reporting and presentation of the statutory financials, supporting Cash Flow Testing (CFT), and explaining and documenting review of model and assumption changes on statutory and related internal risk metrics. The position also includes reviewing work completed by external actuarial outsourcing partners and internal team members, collaborating with Finance and Risk teams, and executing controls under the NAIC Model Audit Rule. Additionally, the role requires liaising with internal and external auditors as part of financial audits and contributing to ad-hoc projects related to company initiatives.

Requirements

• Bachelors degree in Mathematics, Actuarial Science, Finance or related business discipline.
• Completion of 5-6 actuarial exams; near ASA / ASA.
• 3-4+ years finance, insurance industry, or actuarial experience.
• Strong computer skills: Excel, databases, actuarial projection/valuation software, programming (e.g. R, VBA, SQL).
• Solid understanding of insurance products, regulations, or insurance company structure from prior experience in roles such as pricing, modeling, valuation, risk management, inforce management, experience studies, hedging.
• Detail oriented and strong analytical problem-solving skills to make informed decisions.
• Strong oral and written communication skills to collaborate effectively with peers and managers.
• Ability to manage competing priorities and deadlines.
• Strong desire to learn and grow; willing to rotate to other actuarial roles.

Responsibilities

• Responsible for timely and accurate reporting and presentation of the statutory financials.
• Support Cash Flow Testing (CFT), including quarterly analysis and year end CFT memo work.
• Responsible for explaining and documenting review of model and assumption changes on statutory and related internal risk metrics.
• Review work completed by external actuarial outsourcing partner and internal team members.
• Work with Finance and Risk teams to gather various inputs, plan and assign work to external outsourcing partner, review work, prepare analytics and presentation materials, investigate atypical results, and enhance analytics and attributions over time.
• Execution of controls under the NAIC Model Audit Rule.
• Liaising with internal and external auditors as part of financial audits.
• Contribute to ad-hoc projects by assisting with implementation of company related initiatives, such as model validation or methodology changes.

Benefits

• Competitive Compensation
• Benefits
• Current Hybrid Work Schedule
• Generous PTO Package

What This Job Offers

• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 251-500 employees