Senior Manager, Actuary

Everlake•Northbrook, IL

10d•Hybrid

About The Position

Everlake Services Company seeks a Senior Manager, Actuary to drive actuarial pricing and modeling for annuity and reinsurance transactions. This role involves analyzing statistical and financial data to estimate product-specific risks such as mortality, policyholder behavior, and economic scenarios. The position requires developing, enhancing, and validating actuarial pricing models that incorporate asset and Asset Liability Management (ALM) modeling methodologies, as well as GAAP/STAT reserve frameworks for pricing, valuation, and financial projections. The Senior Manager will oversee the preparation and governance of pricing assumptions and methodologies, ensuring compliance with Actuarial Standards of Practice (ASOP) and industry standards. Proficiency in Excel, actuarial software like Moody’s AXIS, and object-oriented programming tools (Python/VBA) is necessary for automating actuarial reporting and streamlining model development, valuation, and cash-flow testing. The role also supports financial reporting for actuarial components and provides actuarial expertise in structuring and negotiating reinsurance deals, capital transactions, and acquisitions, assessing financial soundness and risk transfer. Key responsibilities include identifying critical product features and risks for modeling, applying ALM insights to evaluate financial impacts under various economic conditions, and collaborating with Corporate Development, Finance, Legal, and external auditors. Documentation of methodologies, assumptions, validation results, and governance frameworks is essential for regulatory and audit readiness. The role also involves maintaining and enhancing actuarial systems for accurate reporting and implementing process improvements. The position requires working onsite at least 2-3 days per week, with telecommuting permitted.

Requirements

Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Finance, or related quantitative field.
Three (3) years of actuarial experience in insurance or reinsurance.
Actuarial pricing and/or model development experience.
Cash-flow modeling for annuity and insurance blocks.
Application of Asset Liability Management concepts or reserve methodologies (US GAAP and US Statutory).
Use of Excel and object-oriented programming for actuarial modeling or reporting automation.
ASA or FSA designation from the Society of Actuaries (SOA) required.
Demonstrated ability to apply ALM concepts, evaluate financial impacts across economic scenarios, and work within GAAP/STAT reserve frameworks.

Responsibilities

Drive actuarial pricing and modeling for annuity and reinsurance transactions.
Analyze statistical and financial data to estimate product-specific risks (e.g., mortality, policyholder behavior, economic scenarios).
Develop, enhance, and validate actuarial pricing models incorporating asset and Asset Liability Management (ALM) modeling methodologies and GAAP/STAT reserve frameworks.
Oversee preparation and governance of pricing assumptions and methodologies, ensuring consistency with Actuarial Standards of Practice (ASOP) and industry standards.
Use Excel, actuarial software (Moody’s AXIS), and object-oriented programming tools (Python/VBA) to automate actuarial reporting and streamline model development, valuation, and cash-flow testing processes.
Support financial reporting activities related to quarterly results for actuarial components.
Provide actuarial expertise in structuring and negotiating reinsurance deals, capital transactions, and acquisitions; assess financial soundness and risk transfer.
Identify key product features and risks for modeling.
Apply ALM insights to evaluate the financial impact of liability/asset changes under varying economic environments.
Collaborate with Corporate Development, Finance, and Legal, and external auditors to support deal execution, integration, and annual audit needs.
Document actuarial pricing methodologies, modeling assumptions, validation results, and governance frameworks to ensure regulatory and audit readiness.
Maintain and enhance actuarial systems to support accurate financial and deal-level reporting.
Implement process improvements to increase efficiency and accuracy.