Overview
This role provides enterprise leadership across actuarial modeling, statutory valuation, experience studies, international reporting, and actuarial governance. Reporting to the Chief Actuary, the executive will serve as a key bridge between actuarial insight and enterprise decision-making, supporting financial strategy, capital management, regulatory compliance, and long-term growth.
Responsibilities
Enterprise Strategy & Executive Partnership
- Serve as a trusted advisor to the Chief Actuary, CFO, and senior executives on financial performance, risk, and capital management.
- Provide an enterprise perspective that connects actuarial insights to long-term value creation.
- Support major strategic initiatives, including corporate transactions, capital strategy, and enterprise planning.
- Build partnerships across Finance, Actuarial, Data & IT, offshore Bermuda team, Investments, Risk, and business divisions.
- Lead the day-to-day actuarial relationship with Sumitomo Life and support international reporting requirements.
- Serve as an enterprise voice on actuarial implications impacting the balance sheet, capital position, earnings, and long-term financial performance.
- Translate complex actuarial, valuation, and capital concepts into actionable business insights for executive leaders and non-actuarial stakeholders.
Actuarial Transformation, Innovation & Modernization
- Champion modernization of enterprise actuarial capabilities and operating models.
- Accelerate adoption of automation, advanced analytics, AI, and modern modeling technologies.
- Drive scalable, enterprise-wide technology, data, and process solutions to improve efficiency, governance, and decision support.
- Challenge existing paradigms and drive organizational change in how actuarial insights are developed, communicated, and applied across the enterprise.
Organizational Leadership & Talent Development
- Lead a highly visible organization of actuarial professionals through experienced senior leaders.
- Foster strategic thinking, an enterprise perspective, and business partnership capabilities.
- Establish priorities, accountability, and decision-making frameworks.
- Strengthen succession planning and develop the next generation of actuarial leadership.
- Promote collaboration and alignment across actuarial functions and enterprise stakeholders.
Enterprise Oversight & Governance
- Provide strategic oversight of enterprise actuarial modeling, statutory valuation, experience studies, international reporting, and the Office of the Appointed Actuary.
- Ensure high-quality analysis, strong governance, effective controls, and sound actuarial decision support.
- Support regulatory, rating agency, and parent company reporting obligations while maintaining appropriate actuarial independence and accountability.
- Partner with Finance, Investments, and Risk Management leaders to advance asset-liability management (ALM), capital optimization, financial projections & estimates, and enterprise balance sheet insights.
Executive Communication & Influence
- Communicate complex actuarial and financial concepts into actionable insights for executive and board audiences.
- Build credibility through sound judgment, transparency, and strategic thinking.
- Represent corporate actuarial perspectives in governance forums, executive discussions, and key external relationships.
Qualifications
- 15+ years of actuarial experience, including significant leadership of senior actuarial professionals.
- Deep expertise across life insurance and annuity actuarial disciplines, including valuation, financial reporting, enterprise modeling, capital management, and regulatory oversight.
- FSA and MAAA required.
- Bachelor’s degree typically in Actuarial Science, Mathematics, or Finance, or a high school diploma with FSA required.
- Deep understanding of U.S. statutory valuation, actuarial reporting requirements, and governance responsibilities associated with appointed actuary functions.
- Demonstrated ability to communicate company financial results, balance sheet dynamics, and actuarial implications to executive and non-actuarial audiences.
- Experience leading enterprise actuarial functions within a life insurance and annuity organization.
- Accomplished actuarial executive combining technical depth, strategic vision, and exceptional leadership.
- Proven leader of leaders with experience building, developing, and empowering high-performing actuarial teams.
- Strategic thinker connecting actuarial insights to financial performance, capital management, risk, and business strategy.
- Experienced change agent who has led modernization, transformation, or large-scale organizational initiatives.
- Passion for leveraging technology, analytics, automation, and AI to drive business value.
Preferred Qualifications
- International reporting, parent company relationships, or global actuarial coordination experience preferred.
- Familiarity with Bermuda regulatory frameworks, European Embedded Value, Asset Adequacy Analysis, and international capital standards preferred.
Travel
- Ability to travel approximately 10-15% annually.
- In-person sessions for required leadership training will take place at corporate headquarters in Bellevue, Washington. Travel and accommodation expenses are covered.
Compensation & Benefits
Compensation
- Salary Range: $315,000 - $350,000 plus eligibility for annual bonus program and long-term incentive plan
Benefits and Perks
- Flexible full-time or hybrid telecommuting arrangements
- 401(k) plan with immediate vesting and company matching up to 6%
- Paid time away including vacation and sick time, flex days, and ten paid holidays
- Company matching for community giving (double your impact)
Location
- Bellevue, Washington (in-person leadership training sessions)
- Remote/hybrid arrangements available
Work Authorization
- Employer work visa sponsorship and support are not provided for this role.
- Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout employment.
Required Remote Internet Standards
- Minimum Internet Speed: 100 Mbps download and 20 Mbps upload (FCC broadband definition)
- Internet Type: Fiber, Cable (e.g., Comcast, Spectrum), or DSL
- Not Permissible: Satellite (e.g., Starlink), cellular broadband (hotspot or otherwise), any other wireless technology, or wired dial-up
Hiring Process Notes
- Video required for interviews after the initial phone screen.
- Failure to comply with identity verification procedures may result in disqualification, withdrawal of an offer, or termination and other remedies if fraud is discovered.