VP and Actuary, ALM

Kuvare Holdings•Cedar Rapids, IA

13h

About The Position

The VP and Actuary, ALM leads the enterprise asset-liability management function, setting strategy, governance, and priorities to optimize the ALM position, liquidity profile, and risk-adjusted performance of the company and its affiliates. The role advises senior management on balance-sheet risks, strategic trade-offs, and recommended actions. The position serves as the senior ALM advisor and strategic partner to Actuarial, Finance, Investments (KSI), Risk, Legal, Operations, Tax, and key external parties, aligning stakeholders on balance-sheet strategy, risk priorities, and execution. The role leads the ALM team and is accountable for strategic, governance, and execution outcomes, including ALM strategy and reporting, investment and reinvestment strategy, asset modeling, analytics, model controls, investment compliance reporting, and development of actuarial and analytical talent.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related field.
10+ years of progressive life insurance experience.
Deep understanding and current knowledge of ALM techniques, liquidity risk, hedging, capital management strategies, model governance, and enterprise balance-sheet decision-making.
Strategic and critical thinking, sound judgment, intellectual curiosity, and ability to make well-reasoned decisions amid complexity and uncertainty.
Exceptional executive communication skills, including the ability to translate complex actuarial, investment, and risk topics into clear insights, recommendations, and decisions for senior management and other stakeholders.
Demonstrated ability to lead cross-functional teams, influence senior stakeholders, resolve competing priorities, and build alignment around enterprise decisions.
Demonstrated ability to lead, coach, and develop a high-performing team, including setting expectations, managing performance, providing actionable feedback, and building succession depth.
Self-starter with a strong entrepreneurial spirit.
Demonstrated ability to deliver results under pressure in a tight timeframe.

Nice To Haves

FSA, MAAA, with equivalent experience preferred.
Significant leadership responsibility in ALM and related actuarial disciplines such as product management, valuation, modeling, financial reporting, and systems.
Experience advising senior management and translating complex balance-sheet risks into strategic recommendations.

Responsibilities

Lead ALM discussions with executive management and relevant governance committees, presenting risk assessments, strategic alternatives, recommendations, and decisions requiring escalation or approval.
Monitor regulatory, accounting, rating agency, and market developments affecting ALM and translate emerging requirements and trends into strategic recommendations and implementation priorities.
Partner with the Investment team to develop investment and reinvestment strategies aligned with liability characteristics, risk appetite, capital objectives, and enterprise planning needs, including the business plan, embedded value, cash flow testing, and stress testing.
Direct development of optimization capabilities and evaluate alternative strategies, recommending actions to improve hedging effectiveness, ALM efficiency, capital utilization, and risk-adjusted performance.
Set strategic direction and governance for asset modeling in AXIS, ensuring quarterly model builds support actuarial projections, enterprise decision-making, and company and affiliate needs.
Sponsor development and continuous improvement of scalable analytics, tools, and reporting that deepen insight into ALM performance and support timely executive decisions.
Establish and maintain the ALM governance framework, including methodology and change memoranda, management and board-level materials, decision records, and recommendations on emerging balance-sheet issues.
Own governance and controls for ALM systems and models, including AXIS, ensuring appropriate change management, data quality, documentation, validation, and operational resilience.
Oversee investment compliance reporting to third parties, including reinsurers, ensuring reporting is accurate, timely, and supported by effective controls and escalation protocols.
Measure, monitor, and report ALM and hedge positions and results; ensure processes remain robust, effective, and compliant with approved guidelines, limits, and policies; and develop and oversee remediation plans as needed.
Lead review and challenge of investment data for monthly, quarterly, and annual reporting; ensure data accuracy, identify underlying drivers and emerging trends, challenge assumptions, and communicate implications and recommended actions to senior management.
Oversee investment-related assumptions and cash flow reliance statements provided to the Appointed Actuary, ensuring they are supportable, well documented, and aligned with enterprise ALM strategy.
Lead and direct the ALM team by setting priorities, defining accountabilities, and aligning resources with enterprise objectives.
Build organizational capability through coaching, feedback, performance management, succession planning, and targeted development of actuarial and analytical talent.
Establish effective delegation and decision rights while remaining accountable for the quality, timeliness, and impact of the team’s work.