Director, Valuation

Overview

This role is responsible for end-to-end actuarial processes supporting valuation, financial reporting, earnings projections, and model governance across multiple accounting and reporting frameworks, including U.S. GAAP, Statutory, Tax, and Bermuda Economic Balance Sheet (EBS). The position partners closely with Finance, Risk, Underwriting, and M&A teams to support business planning and strategic initiatives.

Responsibilities

Valuation & Financial Reporting

• Perform quarterly and annual valuations of insurance liabilities under U.S. GAAP, Statutory, Tax, and Bermuda EBS frameworks.
• Analyze and explain reserve movements and actual-to-expected (A/E) earnings variances.
• Support financial reporting activities, including disclosures and management reporting.
• Develop and maintain earnings projections to support business planning and financial analysis.

Modeling & Systems

• Convert existing valuation models from ArcVal to ALFA and develop new product valuation models.
• Develop, enhance, and maintain actuarial models used for valuation and projection purposes.
• Ensure models are accurate, efficient, and aligned with regulatory and business requirements.
• Drive automation, process improvements, and modeling best practices.

Assumptions, Analysis & Governance

• Develop, review, and update key actuarial assumptions, including mortality, lapse, and expense assumptions.
• Conduct experience studies, sensitivity testing, and scenario analyses.
• Provide insight into earnings volatility, reserve adequacy, and capital impacts.
• Establish and maintain strong controls over models, data, and valuation processes.
• Maintain comprehensive documentation and ensure compliance with actuarial standards, internal policies, and regulatory requirements.

Business Partnership & Strategic Support

• Partner with Underwriting, Finance, Risk, and M&A teams on product development, reinsurance transactions, and strategic initiatives.
• Support the pricing, evaluation, and structuring of reinsurance transactions.
• Provide actuarial expertise and insights to support business decision-making.

Audit & Regulatory Support

• Support internal and external audits through preparation of documentation and responses to review requests.
• Monitor regulatory developments and recommend enhancements to valuation and reporting practices as needed.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field, or an equivalent combination of education and experience.
• 5+ years of actuarial experience with exposure to a broad range of insurance products.
• Strong knowledge of U.S. GAAP accounting frameworks, including FAS 60, FAS 91, and FAS 97.
• Solid understanding of Long-Duration Targeted Improvements (LDTI) and its impact on valuation and financial reporting.
• Experience with products such as Fixed Indexed Annuities (FIA), Fixed Indexed Universal Life (FIUL), Universal Life (UL), Deferred Annuities, Payout Annuities, and Traditional Life products.
• Familiarity with both direct and reinsurance business preferred.
• Expertise with actuarial modeling platforms such as MG-ALFA (ALFA), AXIS, Prophet, or similar systems.
• Advanced Excel skills with experience developing, automating, and optimizing complex financial models.
• Hands-on experience building, validating, and maintaining valuation systems and models with a focus on data integrity and efficiency.
• Proven experience supporting the end-to-end development of U.S. GAAP financials, including model development, assumption setting, validation, documentation, and audit support.
• Strong understanding of model governance, controls, and documentation standards.

Preferred Qualifications

• Experience with Principles-Based Reserves (PBR) / VM-20 preferred.

Key Competencies

• Excellent analytical and problem-solving skills.
• Strong communication skills with the ability to simplify complex actuarial concepts for diverse audiences.
• Ability to manage multiple priorities and deadlines in a fast-paced environment.
• Proven ability to collaborate effectively across teams and stakeholder groups.

Compensation & Benefits

• Competitive compensation and benefits package.
• Professional development and career growth opportunities within a growing organization.

Equal Employment Opportunity

The employer is an equal employment opportunity workplace. Hiring decisions are made based on merit and do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, disability, or any other protected status.

If you need an adjustment or accommodation due to a disability or medical condition during the hiring process, please let the recruiter know.