Director, Regulatory Financial Reporting Actuary

Responsibilities

• Serve as the Appointed Regulatory Financial Reporting Actuary for designated insurance entities in accordance with state insurance regulations
• Oversee the completion of the annual Statement of Actuarial Opinion (SAO) on reserves and related regulatory filings
• Ensure compliance with National Association of Insurance Commissioners (NAIC) requirements and applicable state insurance laws
• Cook up with external auditors and regulatory examiners during reviews and examinations
• Oversee the development, review, and certification of reserves
• Evaluate reserve adequacy using multiple actuarial methodologies and perform sensitivity analyses
• Absorb the reasonableness of assumptions underlying reserve estimates
• Monitor emerging trends and their impact on reserve and regulatory capital positions
• Review and opine on reserves and regulatory capital for acquisitions, reinsurance transactions, and new business initiatives
• Provide actuarial expertise to support underwriting strategy, pricing, and portfolio management decisions
• Collaborate with investment teams on insurance M&A transactions and due diligence
• Assess capital adequacy and solvency positions under various stress scenarios
• Support enterprise risk management initiatives and ORSA (Own Risk and Solvency Assessment) processes
• Advise senior leadership on actuarial implications of strategic initiatives, while staying ahead of emerging regulatory changes and leading their implementation across the platform
• Present reserve analyses and actuarial findings to senior management, Board committees, and regulators
• Prepare technical memoranda documenting actuarial methods, assumptions, and conclusions
• Communicate complex actuarial concepts to non-technical stakeholders
• Maintain comprehensive actuarial files and documentation in accordance with professional standards

Qualifications

• Education & Credentials: Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related quantitative field; Fellow of the Society of Actuaries (FSA) required; Member in good standing of the American Academy of Actuaries (MAAAA)
• Experience: Minimum 10+ years of actuarial experience in life insurance; 5+ years of experience in a financial reporting role managing other actuaries; Prior experience serving as Valuation Actuary or Appointed Actuary strongly preferred; Experience with insurance regulatory examinations and interactions with state insurance departments; Background in insurance M&A, reinsurance, or alternative risk transfer is a plus
• Technical Skills: Deep expertise in actuarial reserving methodologies, including statutory reserving methodologies for life and annuity products; Experience with reinsurance structures and financial modeling; Strong understanding of statutory accounting principles (SAP) and GAAP; Knowledge of insurance regulatory frameworks and solvency requirements (RBC, ORSA)
• Professional Competencies: Exceptional analytical and problem-solving skills with attention to detail; Strong written and verbal communication skills; Ability to explain technical concepts to diverse audiences; Sound professional judgment and ability to work independently; High ethical standards and commitment to actuarial professionalism; Ability to manage multiple priorities and meet regulatory deadlines
• Preferred Qualifications: Proficiency with data analytics tools (SQL, R, Python); Experience in private equity-owned or alternative capital insurance platforms; Familiarity with run-off insurance operations or legacy liability portfolios; Knowledge of international insurance regulations (e.g., Solvency II, Bermuda regulatory framework)