AVP & Actuary, Statutory Reporting

About the role

We are seeking a highly skilled and experienced actuary to join our Life Reinsurance team, specializing in Statutory Reporting. The successful candidate will leverage expertise in US statutory principles, regulatory requirements, and industry trends to drive the preparation and filing of statutory reports, ensuring compliance with actuarial standards of practice, model regulations, state-specific requirements, and internal stakeholders.

Responsibilities

• Lead the preparation of actuarial statutory reports in support of the Appointed Actuary, including Bluebook exhibits and the Actuarial Memorandum.
• Collaborate with cross-functional teams, including Actuarial, Accounting, and Compliance, to ensure accurate and timely reporting.
• Provide expert actuarial guidance and support to business leaders, ensuring statutory reporting requirements are met and business decisions are informed by accurate and reliable data.
• Support deal teams in evaluating new lines of business or structures for implications to Statutory reporting.
• Recommend and implement strategies to achieve capital efficiencies.
• Monitor industry developments, regulatory changes, and emerging trends, applying this knowledge to continuously improve the quality and efficiency of statutory reporting.
• Mentor and coach junior team members, sharing expertise and promoting a culture of excellence and collaboration.
• Develop and maintain relationships with key stakeholders, including auditors and industry peers, to ensure effective communication and coordination.

Requirements

• Fellow of the Society of Actuaries (FSA) / Member of the American Academy of Actuaries (MAAA) with a strong background in life reinsurance or insurance.
• Minimum 10 years of experience in actuarial roles, with a focus on statutory reporting.
• In-depth knowledge of regulatory requirements, including NAIC and state insurance regulations.
• Strong analytical, problem-solving, and communication skills, with the ability to distill complex concepts into clear, actionable insights.
• Strong business acumen, balancing technical expertise with business needs and priorities.
• Excellent project management skills, with the ability to prioritize tasks, manage multiple projects, and meet deadlines in a fast-paced environment.

Benefits

• Comprehensive Medical Plans
• PTO and Family Leave
• Retirement Savings Plans
• Dental and Vision Plans
• Life and Disability Insurance
• Employee Assistance Program
• Adoption Assistance
• Wellness Programs (Calm, WW, SoFi, Virgin Pulse)
• Commuter Benefits
• FSA and HSA Plans
• Hospital Indemnity, Critical Illness, and Accident Plans

Pay

For New York City-based employees, the base salary range anticipated for this position is $261,596 - $289,132, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.