Senior Actuarial Associate - VA GAAP Reserves

---

Job description

This position is responsible for reporting of results for Variable & Payout Annuity GAAP reserves. The role offers opportunities to work across the Finance and Risk organizations on a variety of initiatives that impact statutory metrics such as modeling, assumptions unlock, and present work to members of senior leadership.

Primary Responsibilities:

• Responsible for timely and accurate reporting of VA GAAP reserves
• Execute controls under the NAIC Model Audit Rule. Liaise with internal and external auditors as part of financial audits.
• Opportunities to work on new VA reinsurance transaction including but not limited to GAAP reserves and implementation of new models and reporting structures.
• Review work completed by external actuarial outsourcing partner and internal team members which includes working with Finance and Risk teams such as Assumptions and Controllers to gather various inputs, planning / assigning work to external outsourcing partner, review of work, preparation of analytics and presentation materials, investigation of atypical results, and enhancing analytics and attributions over time.
• Explain and document the review of the annual model and assumption changes on GAAP reserves and related metrics.
• Contribute to ad-hoc projects by assisting with implementation of company related initiatives, such as model validation or methodology changes.

Key Qualifications:

• Bachelor's degree in Mathematics, Actuarial Science, Finance or related business discipline
• Completion of 5-6 actuarial exams; near ASA / ASA; 3-4+ years finance, insurance industry, or actuarial experience
• Strong computer skills: Excel, databases, actuarial projection/valuation software, programming (e.g. R, VBA, SQL)
• Solid understanding of insurance products, regulations, or insurance company structure from prior experience in roles such as pricing, modeling, valuation, risk management, inforce management, experience studies, hedging
• Detail oriented and strong analytical problem-solving skills to make informed decisions
• Leverages strong oral and written communication skills to readily and effectively collaborate with peers, managers, shares information and asks questions
• Ability to manage competing priorities and deadlines
• Strong desire to learn and grow; willing to rotate to other actuarial roles

Venerable Values:

Every position at Venerable has responsibility for living out the company's values as described here:

We are Courageous - We think critically, ask "why?" and seek out creative solutions.

We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.

We are Connected - We are connected to each other, our customers and our community.