Actuary - Individual Annuities

Overview

This role supports the organization’s Individual Annuities financial reporting work, including FP&A, valuation, reserve analytics, hedging, reinsurance, and business performance. The position drives and supports production, analysis, and communication of financial results and projections for MYGA and FIA businesses, partnering closely with pricing, modeling, ALM, and finance teams.

The employer may fill this role at either of the levels described below based on applicable experience and career path.

Responsibilities

• Own execution and enhancement of reporting, valuation, earnings analysis, FP&A, and hedging; communicate results to senior management.
• Design and implement reporting support for functions such as VM22, reinsurance, and business integration.
• Analyze GAAP, statutory, and management reporting results, including reserves, earnings, and capital movements.
• Enhance governance models, including change management, internal controls, and offshore partner review.
• Partner with pricing, modeling, and corporate actuarial to ensure consistency in understanding stakeholder needs and effective/aligned story telling.
• Analyze results to identify drivers, limitations, and opportunities for improvement.
• Develop and improve analytical tools and reporting processes to increase speed and clarity of processes and capabilities.
• Provide mentorship and project leadership to onshore and offshore team members related to core team responsibilities.

Requirements

• Education: Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a related field preferred.
• Certification: ASA required; FSA preferred.
• Experience:
  • Prior hands-on experience sufficient to have gained a seasoned actuarial business perspective in the Individual Annuities space is required (5+ years preferred).
  • Modeling experience including change management, internal controls & review required.
  • FP&A and FIA financial reporting experience (preferred).
  • Experience with GGY AXIS & Python (preferred).
• Skills:
  • Strong analytical skills and attention to detail, with ability to own and explain reserve movements.
  • Ability to combine actuarial, financial, and industry expertise with product line knowledge to support organizational strategy.

Preferred Qualifications

• Experience in actuarial business perspective within Individual Annuities.
• Modeling experience related to change management, internal controls, and review.
• FP&A and FIA financial reporting experience.
• Experience with GGY AXIS and Python.

Role Levels and Compensation

Associate Actuary III

• Applies understanding of both functional area and company risk profiles to complete risk-based analysis.
• Seeks out industry and professional information to enhance risk management acumen.
• Salary Range: $94,500.00 - $138,500.00

Actuary

• Demonstrates expertise in the company’s risk profile, risk appetite, and risk management practices.
• Obtains foundational understanding of industry risk management practices.
• Utilizes company and industry practices to complete risk-based analysis and propose appropriate risk-based opportunities.
• Salary Range: $131,750.00 - $192,500.00

The actual compensation for this role will be based on a combination of education and experience, knowledge and skills, position budget, internal equity, and market data.

Compensation & Benefits

• A rich benefits package including medical, dental, vision, and a 401(k) plan with matching company contributions.
• Annual incentive bonus plan.
• Generous paid time off including 11 holidays, 2 wellness days, and 8 volunteer hours annually; PTO increases with tenure.
• Paid parental leave and adoption/surrogacy assistance.
• Employee giving program that double matches donations to eligible nonprofits and schools.
• Eligibility to participate in an incentive program is subject to the rules governing the program and plan; any award depends on a variety of factors including individual and organizational performance.

Location

• Not specified in the provided job description.

Additional Information

• Positions will be posted for at least 5 days from original posting date.
• This employer is an Affirmative Action/Equal Opportunity employer.
• Qualified applicants will receive consideration without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability, veteran status, or any other condition protected by federal, state, or local law.
• Except where precluded by state or federal law, qualified applicants with arrest and conviction records will be considered pursuant to the San Francisco Fair Chance Ordinance.
• The employer offers a drug- and alcohol-free work environment; possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on company property, or in other cases the company believes might affect operations, safety, or reputation of the company is prohibited.
• A criminal background investigation and employment, education, and licensing verification are required as a condition of employment.
• After a conditional offer, the background check will include an individualized assessment based on the applicant’s specific record and the duties and requirements of the specific job. Applicants will have an opportunity to explain and correct background information.
• All employees must be bondable.