AVP Statutory Valuation

Purpose

The AVP of Statutory Valuation will serve as the primary operational leader for Athene’s statutory reporting function, with direct accountability for reserve accuracy and the integrity of annual statement submissions.

Accountabilities

• Statutory Valuation & Reserve Reporting Lead quarterly and annual statutory reserve calculations across all Athene U.S. product lines, including Fixed Indexed Annuities, MYGAs, Income Riders, PRT, Funding Agreements, Payouts, RILA, and other annuity products.
• Own the end-to-end valuation production process, from post-model output through reserve disclosure in statutory filings, ensuring compliance with CARVM, IRS tax regulations, and other applicable Actuarial Guidelines.
• Maintain and enhance reserve controls, documentation standards, and sign-off workflows sufficient to withstand external audit and regulatory review.
• Review and approve methodology changes, model UAT, model simplifications, and reserve movements, with clear documentation of actuarial judgment applied.

External Audit Coordination

• Serve as the primary statutory valuation contact for external auditors, coordinating information requests, walkthroughs of reserving methodologies and controls, and resolution of audit inquiries.
• Cook with the Appointed Actuary on any actuary-related regulatory examination activity.

Operationalization of New Transactions & Reinsurance Treaties

• Lead the statutory valuation implementation of new products, reinsurance transactions (coinsurance, ModCo, funds withheld), and block acquisitions into statutory reserving processes.
• Partner with the Reinsurance, Finance, Legal, Actuarial, and IT teams to ensure new treaty structures are reflected accurately in reserve calculations and statutory filings, including affiliated reinsurance arrangements.
• Develop and maintain reserve methodology documentation for new transaction types, ensuring compliance with applicable reserve standards.
• Ensure the ETL and data pipeline from valuation models (e.g., MG-ALFA, Aon PathWise) through statutory reporting infrastructure is accurate and well-documented for each transaction.

Capital Template Reporting Oversight

• Oversee actuarial inputs to capital reporting templates, including RBC and other rating agency capital models.
• Support VM-22 and CFT-related capital sensitivity analysis and scenario testing for internal and regulatory purposes.

Leadership & Team Development

• Manage a team of approximately four actuarial professionals, setting clear performance expectations, supporting credentialing progress, and building technical depth.
• Cultivate a culture of collaboration, precision, accountability, and continuous improvement consistent with Athene’s standards.