Senior Actuary
About The Position
A-CAP has an immediate opening for a self-motivated, resourceful, and well-organized candidate to join the team as a Senior Actuary with an initial focus on product development and pricing, capital planning and forecasting, reinsurance and profitability analyses of fixed annuities and life insurance. This opening will have direct exposure to each of the group’s insurance operating companies as well as close interaction with the company’s management team. The individual will have the opportunity to participate in all aspects of the company’s actuarial functions and will work closely with leadership from the finance and insurance teams. This role offers scope for tremendous growth as A-CAP continues to grow and expand its business. This is a rare opportunity for an actuary to contribute to both new business and in-force functions within a high-growth insurance organization.
Requirements
- Bachelor’s degree in finance, accounting, economics, actuarial science, or related field with 5+ years of actuarial experience.
- ASA/FSA designation.
- Expert proficiency with MS Office Suite and GGY AXIS (or similar software). Tech-savvy is a plus.
- Experience with annuity products and/or life products relevant actuarial work (pricing, capital forecasting, profitability analyses, etc.).
- Strong organizational skills and ability to communicate complex concepts in a professional and concise manner, both verbally and written.
- Comfort with a steep learning curve and motivation to work in an opportunity-rich, dynamic environment.
- US Work Authorization Is Required
Nice To Haves
- Experience with reinsurance and capital models, particularly for fixed annuity products, preferred.
- Experience with pre-need and/or final expense life insurance products, preferred.
- US Statutory and/or GAAP financial reporting experience, preferred.
Responsibilities
- Manage product pricing for both new & in-force products and new product development projects primarily for fixed annuities and the company’s pre-need and final expense life insurance products.
- Analyzing new and existing reinsurance arrangements including pricing, relationship management, and administration
- Price, maintain, and advise on modeling techniques (using GGY AXIS) and pricing profitability metrics to drive product and capital decision-making. Setting pricing assumptions and analyzing capital usage of new products.
- Capital planning, forecasting and modeling including RBC and other capital models
- Earnings and profitability analyses
- Board reporting and other reporting and monitoring of key metrics
- Support subsidiary insurance companies’ core actuarial functions as needed (valuation, cash flow testing, pro-forma/business planning, risk management, etc.) with opportunities to rotate through various actuarial functions on a short-term basis.
- Other Actuarial projects as needed.
- Opportunity to work on high-profile projects with senior decision-makers that directly drive company growth; the role will have direct exposure to Senior Management including the Head of Life and Annuities, Head of Distribution, the Chief Actuary and the Chief Financial Officer. Work closely with investments, marketing/sales, accounting, and IT/systems administration teams as well as other key stakeholders.
Benefits
- Competitive compensation programs
- Employer-sponsored medical, dental, and vision insurance
- Paid Life & AD&D Insurance (for employees and families)
- Paid Disability Insurance (STD + LTD)
- Paid Parental Leave
- Paid Vacation and Sick Leave
- Paid Holidays
- Voluntary Supplemental Insurance
- Safe Harbor 401(k) plan with employer match
- And other benefits and perks!
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What This Job Offers
Job Type
Full-time
Career Level
Senior
