AVP Actuary Valuation & Modernization- Onsite-Des Moines, Iowa

About Wellabe

Since 1929, Wellabe has been finding solutions to help our customers protect their health and financial well-being. We’re committed to fostering an internal culture of inclusivity, well-being, and development so each of our team members can succeed. Wellabe is full of smart, caring, hard-working people with a broad range of talents who understand collaboration is key.

Our Core Values:

• Be dedicated: Show unwavering commitment by proactively taking initiative, setting clear goals, and managing time effectively.
• Be trustworthy: Take accountability for actions, navigate difficult conversations with integrity, and build strong relationships through consistent, honest behavior.
• Be determined: Demonstrate enthusiasm and a relentless drive to overcome obstacles and achieve goals.
• Be collaborative: Foster teamwork by being self-aware, actively listening, and effectively communicating across all levels.
• Be open: Embrace diversity and new ideas to create an inclusive environment.
• Be generous: Embody generosity and compassion by serving a greater purpose and helping others.
• Be better: Commit to continuous improvement and adapt effectively to change.
• Be well: Prioritize physical and mental health, manage stress, and demonstrate emotional intelligence.

About the role

This role provides leadership and direction to the actuarial function of the organization as it relates to establishing proper reserves for Wellabe companies and explaining financial results. Provides expertise and support for the annual audit and the quinquennial state exam. Oversees continuous improvement and modernization of actuarial processes. Ensures adherence to all departmental, regulatory, and actuarial guidelines for supported product lines.

Responsibilities

• Oversees the preparation and interpretation of actuarial data and related formulae.
• Provides advice and counsel regarding complex actuarial situations.
• Ensures compliance with statutory reserve requirements.
• Directs monthly/quarterly/annual close for actuarial items, including valuation of reserves for all Wellabe entities and review of NAIC risk-based capital calculations.
• Supports financial reporting and analysis for management and the board.
• Ensures adherence to all MAR controls related to reserves.
• Maintains appropriate documentation of actuarial processes and work products.
• Drives automation and use of AI to improve actuarial and reporting processes.
• Build and lead a high-performing team (approx. 3–5 actuarial professionals), overseeing workflow, providing feedback, fostering a positive work environment, developing staff, and hiring as needed.
• Collaborates with Accounting, Internal Audit, Risk, Modeling, and Data Asset Management to ensure accuracy and integrity of Finance work products.
• Partners with Finance/Legal on reinsurance accounting, treaty implementations, and related disclosures; ensures valuation consistency for ceded/assumed blocks.
• Provides thought leadership to the broader Finance organization.

Qualifications

• Bachelor’s degree with at least a minor in mathematics, statistics, actuarial science, or computer science.
• FSA designation strongly preferred; MAAA designation is a plus.
• 7+ years' actuarial experience with deep expertise in US statutory and US GAAP (LDTI) valuation, RBC, reserve governance, and controls.
• Experience with actuarial modeling software.
• Experience with GAAP LDTI is a plus.
• Advanced actuarial skills in reserving, experience analysis, data management, and reporting.
• Advanced knowledge of insurance products, operations, and existing regulations, including awareness of legal, political, economic, and environmental impacts on insurance products and operations.
• Strong aptitude for understanding technical solutions and learning/utilizing tools.
• Advanced knowledge of MS Office Suite (Excel, Word, and PowerPoint).
• Exceptional written and verbal communication skills, including the ability to speak to executive and board-level officers in formal settings.
• Strong analytic and critical thinking skills, with the ability to articulate and defend complex ideas and strategies to non-technical audiences.
• Demonstrated success working in cross-functional collaborative teams and with senior management.
• Strong organizational skills with a drive for transparency and efficiency.
• High ability to solve problems and work under pressure.

Benefits

• Hybrid availability
• 401(k) with company match
• Health insurance
• Paid time off, holidays
• Volunteer time off
• Lifestyle Spending Account (LSA)
• Paternity leave

Skills

We believe each of us has potential to grow and adapt with our business. We take your career as seriously as you do. Helping you develop your skills and talents leads to opportunities — not only for you, but also for our company. That’s why we provide:

• LinkedIn Learning Premium access
• CliftonStrengths® assessment and coaching
• On-site and virtual workshops and cohorts featuring world-class content from FranklinCovey, Crucial Learning, Gallup, and more
• Free world-class insurance acumen courses through AHIP and LOMA
• Reimbursement and bonus opportunities for professional designations and certifications, including a tuition reimbursement program
• Opportunities to take part in Wellabe's mentorship programs