Actuarial Manager

Posted 6 Days Ago
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West Chester, PA, USA
In-Office
Senior level
Insurance
The Role
The Actuarial Manager prepares recurring financial reports, evaluates financial models against actual results, streamlines financial data, and supports technology and corporate initiatives. The role partners with Finance, Risk, Accounting, and other stakeholders on analytics, projections, regulatory requests, and process improvements. Responsibilities also include leading, coaching, and developing team members while communicating complex actuarial and financial concepts effectively.
Summary Generated by Built In
As a Financial Planning and Analysis Actuarial Manager you will report directly to a VP Managing Actuary within Venerable’s Controllership team, which holds responsibility for actuarial analysis, and financial reporting. This position will collaborate with actuaries in the Finance and Risk departments, including Valuation, Hedging, RBC, Capital Projections, Investment Risk and Analytics. Additionally, this role is expected to implement solutions that contribute to quality improvements and work process effectiveness. Primary responsibilities:
  • Prepare and assist with monthly, quarterly and annual financial reports for key stakeholders.
  • Closely collaborate with the actuarial valuation team in developing and understanding monthly financial results.
  • Interface with key business partners throughout the organization, particularly with our actuarial functions, to improve the level of analytics and the timeliness of them, while effectively communicating the story behind results.
  • Evaluate the company financial models to better compare actual results.
  • Implement ways to better streamline financial data.
  • Support technology initiatives that will improve efficiency and enhance control of financial analytics.
  • Work on corporate projects and initiatives that supports the strategy of the company.
  • Assist accounting teams in the state insurance department and regulatory requests on financial projections.
  • Lead and develop team, by effective goal setting, coaching and feedback.
 Key Qualifications: 
  • Bachelor’s degree in Actuarial Science, Mathematics, Finance or related business discipline
    FSA or Career ASA
  • 7+ years financial, insurance industry, or actuarial experience
  • Excellent analytical skills and deep knowledge 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
  • Ability to appropriately and professionally communicate complex concepts across multiple and varied audiences; internally and externally
  • Ability to use own knowledge to challenge current methodologies/approaches and develop and execute on solutions to complex actuarial problems 
    Ability to manage competing priorities and deadlines
  • Managerial experience required. Able to lead, coach and advise team members.
  • Strong desire to learn and grow; shows willingness to gain expertise in other areas, including but not limited to accounting standards, besides current areas of expertise to strengthen overall.

Note: At this time, we are not considering applicants who require any form of immigration sponsorship to work in the United States now or in the future.This includes F-1 OPT, F-1 CPT, H-1B, TN, and other similar visa types. #LI-DP1#greaterphiladelphia

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.

Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate’s skills and experience or otherwise conflict with Venerable’s hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for.

 

If Venerable, in its sole discretion, determines that AI is being used during an interview without prior approval, Venerable reserves the right to end the interview early and/or disqualify a candidate.

Skills Required

  • Bachelor's degree in Actuarial Science, Mathematics, Finance, or a related business discipline
  • FSA or Career ASA
  • 7+ years of financial, insurance industry, or actuarial experience
  • Deep knowledge of insurance products, regulations, or insurance company structures, with experience in areas such as pricing, modeling, valuation, risk management, inforce management, experience studies, or hedging
  • Excellent analytical skills
  • Ability to communicate complex concepts professionally across varied audiences
  • Ability to challenge methodologies and develop solutions to complex actuarial problems
  • Ability to manage competing priorities and deadlines
  • Managerial experience, including leading, coaching, and advising team members
  • Willingness to develop expertise in accounting standards and related areas
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The Company
HQ: West Chester, PA
297 Employees
Year Founded: 2018

What We Do

Venerable is a privately held company with business operations based in West Chester, Pennsylvania and Des Moines, Iowa. Venerable owns and manages legacy variable annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd., Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. Growth through acquisition is long storied at Venerable. While we have the nimbleness and flexibility of a start-up, our beginnings are a result of a series of small business ventures by ING Group, who later evolved to Voya Financial, and which began nearly five decades ago. We are led by a highly trusted and experienced team, a significant portion of whom transitioned from Voya at the time of the transaction. With unparalleled knowledge and expertise, the organization remains primed to carry on the tradition of growth. From day one, leaders at Venerable have prioritized the employee experience by focusing on a strong culture. One where employees feel highly engaged, are encouraged to offer feedback often, are supported by a strong management structure, and can collaborate with colleagues without roadblocks. Opportunity awaits for individuals who think critically, ask why, and seek out creative solutions.

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