AVP, Annuity and RPS Strategic Modeling (Remote Consideration)

Alternate Locations: Radnor, PA (Pennsylvania); Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Omaha, NE (Nebraska)

 

 Work Arrangement:

Hybrid/Common Days+ : Work 2-3 days a week in a Lincoln office with a designated workspace.

 

Relocation assistance:  is not available for this opportunity.

 

Requisition #: 73350

 

The Role at a Glance

As an AVP, Annuity and RPS (Retirement Planning Services) Strategic Modeling, you will lead a team to perform actuarial modeling efforts related to a wide range of strategic and special projects. The focus of this team is to deliver value-adding, actionable model insights, identifying strategies and management levers to improve profitability and reduce risk.

 

This position will also provide the opportunity to positively impact decision making by refining the models used for long-term strategic plan.  The individual will work with other teams to improve the understanding of the true shape of inforce capital generation to uncover key business insight for management.

What you'll be doing

• Lead a team to provide technical modeling expertise on cross-functional strategic efforts that involve inforce actuarial models covering the Annuity and RPS business segments.
• Deliver research, modeling, and analysis for various strategic projects that directly impact capital management and business strategy in the Annuity and RPS space.
• Provide project leadership on initiatives that involve multiple functional areas and external partners such as consultants, auditors, or reinsurers.
• Lead a team to develop, improve, and/or maintain model structures related to reinsurance transactions, hedging and asset strategies, and other complex management strategies.
• Engage with model developers and other stakeholders to communicate model specifications and changes required to adapt to updates in product, regulatory, or reinsurance.
• Review financial projection model used for long-term strategic plan, identify & research issues in models, and provide solutions.
• Establish effective working relationships and trust with key stakeholders, such as the Valuation, Capital, Market Risk Management, M&A, and Reinsurance teams.
• Act as a subject matter expert on Annuity product mechanics, modeling methodologies, and materiality and appropriateness of any modeling simplifications.

What we’re looking for

• 10+ years of experience in actuarial science that directly aligns with the specific responsibilities of this position, including 3+ years of managerial, supervisory, and/or demonstrated leadership experience
• Fellow of the Society of Actuaries (FSA) designation or Associate (ASA) with additional years of actuarial experience
• Expert level knowledge of modeling annuity mechanics and product strategies
• AXIS software experience preferred
• Experience in reviewing and assessing the financial impacts of M&A, hedging, and reinsurance strategies.
• Strong understanding of regulatory and accounting frameworks (Stat/GAAP/Tax/RBC/Bermuda)
• Comfort working with and communicating across various teams and levels of seniority, including effective challenge and independent thinking.
• Strong project management skills, including critical ability to coordinate and balance multiple projects in a time-sensitive environment with occasionally changing priorities
• Experience leading early to mid-career actuaries
• Advanced analytical and problem-solving skills
• Understanding of capital markets and financial instruments (assets and derivatives) that support annuity liabilities
• History of innovation and process improvement
• Proficiency with business intelligence tools (e.g. Tableau), and advanced Excel skills a plus
   

Application Deadline

Applications for this position will be accepted through September 16th, 2024, subject to earlier closure due to applicant volume

 

What’s it like to work here?