Associate Actuary – Annuity Valuation

About the role

Leads and performs actuarial valuation and financial reporting for annuity products, including variable annuities and registered index-linked annuities (RILA). This role is responsible for statutory valuation, capital and reserve analysis, and delivering accurate, timely financial results. Partners with cross-functional teams to analyze model outputs, explain drivers of results, and ensure the integrity of actuarial reporting.

Responsibilities

• Perform statutory valuation and reporting, including reserve calculations and capital analysis for annuity products (VA, RILA)
• Produce and review monthly, quarterly, and annual financial results, ensuring accuracy and timeliness
• Analyze and explain drivers of change in results (e.g., quarter-over-quarter variance, model updates, assumption changes)
• Execute and interpret results from actuarial models, ensuring outputs are reasonable and validated prior to distribution
• Support cash flow testing and contribute to broader financial reporting (including potential GAAP exposure)
• Collaborate with internal/external stakeholders to present results and communicate key insights to management and auditors/regulators
• Identify opportunities to enhance modeling processes, controls, and reporting efficiency
• Maintains awareness of developments in actuarial techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace
• May represent the company on industry and professional committees and/or with regulators
• May supervise a small team of employees

Qualifications

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience
• FSA or equivalent professional designation (In lieu of FSA, ASA or equivalent professional designation and 8 years of relevant experience)
• In lieu of Bachelor's, Master's in a listed discipline and 4 years of relevant experience
• Demonstrates high quality leadership, judgment, organization and prioritization skills
• Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences
• Works well under pressure and within time constraints to effectively accomplish individual and team objectives
• Excellent computer skills

Preferred Qualifications

• Utilize actuarial modeling platforms (e.g. MG-ALFA, Python-based tools, or similar systems) to perform valuation analysis

Compensation

The salary for this position generally ranges between $128,000 - $145,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Additionally, this position is typically eligible for an Annual Bonus of 15% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.