Director, Actuarial - Variable Annuities and RILA

Overview

This Director role, reporting to the Senior Director of Valuation, leads multi-basis financial reporting for Variable Annuity and Registered Index Linked Annuity (RILA) businesses. The position is responsible for ensuring high-quality IFRS, US GAAP, and Statutory/NAIC reporting and analysis. It involves partnering with senior finance, CIO office, risk, and product leaders to provide insights into these complex product lines, maintain robust controls, and support strategic decision-making in a dynamic regulatory and capital markets environment.

Responsibilities

• Lead monthly, quarterly, and annual close and reporting processes under IFRS, US GAAP, and Statutory/NAIC requirements for Variable Annuity and RILA blocks, ensuring accuracy, completeness, and timeliness.
• Oversee preparation and review of financial statements, disclosures, and supporting schedules related to Variable Annuities and RILAs for internal management, regulators, rating agencies, and other stakeholders.
• Manage and develop a reporting team focused on these product lines across accounting bases, including goal setting, coaching, performance management, and succession planning.
• Coordinate and respond to external and internal audits for IFRS, US GAAP, and Statutory reporting of Variable Annuities and RILAs, ensuring prompt remediation of issues.
• Maintain and enhance a strong internal control environment over financial reporting for Variable Annuity and RILA liabilities, guarantees, and related assets.
• Partner with hedging, controllership, tax, treasury, and risk teams to ensure appropriate multi-basis accounting treatment for complex VA/RILA features.
• Lead or support implementation of new accounting and regulatory standards impacting Variable Annuities and RILAs (e.g., LDTI/market risk benefits, IFRS 17, evolving NAIC guidance).
• Drive continuous improvement, automation, and standardization of reporting processes and analytics for VA and RILA business.
• Prepare and deliver clear, insightful analysis of VA/RILA actual results versus plan/prior periods for senior management and governance committees.
• Serve as a subject matter expert on IFRS, US GAAP, and Statutory financial reporting for Variable Annuities and RILAs, providing guidance and training to finance and non-finance stakeholders.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related field with 10 years of related actuarial experience, or Master’s degree with 8 years of experience.
• Fellowship in the Society of Actuaries (FSA) and membership in the American Academy of Actuaries.
• Strong leadership, judgment, organizational, and prioritization skills.
• Effective management skills to motivate and develop staff.
• Excellent verbal and written communication skills to explain advanced mathematical and analytical concepts.
• Solid understanding of capital markets and risk/return profiles of various assets.
• Ability to understand company priorities and adapt to changing needs.

Preferred Qualifications

• Significant experience (typically 8+ years) in financial reporting, controllership, or actuarial roles within life insurance, with direct exposure to Variable Annuities and/or RILAs and multi-basis reporting (IFRS, US GAAP, Statutory/NAIC).
• Strong understanding of market-related behavior of Variable Annuity and RILA products, including key risk drivers and experience working with hedge programs.
• Deep knowledge of insurance and annuity accounting, including guarantee features, market risk benefits, embedded derivatives, and related regulatory requirements.
• Proven ability to manage complex close calendars, competing priorities, and cross-functional projects in deadline-driven environments.
• Strong analytical, problem-solving, and communication skills, with ability to translate technical accounting and market drivers into clear messages for senior leaders and non-technical stakeholders.
• Experience leading or supporting implementations of new standards or major transformations affecting Variable Annuity and/or RILA reporting (e.g., LDTI, IFRS 17, NAIC changes).

Compensation & Benefits

• Salary range: $187,000 - $248,000 annually. Actual starting pay depends on qualifications, experience, geography, work location designation, and operational needs.
• Eligibility for an annual bonus based on company bonus plan and individual performance.
• Comprehensive benefits package including:
  • Pension plan
  • 401(k) match
  • Employee stock purchase plan
  • Tuition reimbursement
  • Disability, medical, dental, and vision insurance
  • Employee discounts
  • Career training and development opportunities
  • Paid time off starting at 160 hours annually for first-year employees
  • Ten paid holidays per year
  • Holistic wellness program including wellness coaching and reward dollars
  • Parental leave (15 days paid per calendar year for eligible employees)
  • Adoption assistance
  • Employee assistance program
  • Back-up care program
  • PTO for volunteer hours
  • Employee matching gifts program
  • Employee resource groups and inclusion programs
  • Employee recognition and referral bonus programs

Location & Work Environment

• Hybrid office or remote work environment.

Additional Information

• Applicants must have legal authorization to work in the U.S. without the need for immigration sponsorship.
• This job description is not a contract and may be modified at the employer's discretion.
• Accommodation requests should be directed to the applicable HR Business Partner.

This role offers an opportunity to lead financial reporting for complex annuity products within a large financial services organization, working closely with cross-functional teams to ensure compliance, accuracy, and strategic insight.