Primary responsibilities include:
- Analyze and interpret policyholder experience data to identify emerging trends, behavioral patterns, and key drivers of experience.
- Apply actuarial judgment and statistical analysis to develop assumptions used in financial reporting, risk management, and business planning.
- Types of riders are GMDB, GMIB (Traditional and Hybrid), GMWBL, and GMWB
- Assumptions may include, but are not limited to lapse, partial withdrawals, deferred mortality, payout mortality, GMIB annuitizations and GMWB utilization
- Develop and present decks and detailed memorandums seeking assumption proposal approval from senior management
- Contribute to the timely and accurate reporting of mortality and policyholder behavior experience
- Review experience study data for accuracy and completeness and implement additional controls as necessary.
- Drive for accuracy, consistency, and improvements within various experience studies
- Take increasing ownership of key deliverables and workstreams, including leading analyses, driving recommendations, and collaborating with stakeholders across the organization
- Ensure that any changes to experience study processes, particularly those in spreadsheets, are incorporated appropriately as transparent and repeatable processes with controls; maintain updated documentation on all processes
- Collaborate with the modeling team to implement recommended assumptions into models
- Support structural, design and process improvements to experience studies through partnering with IT and outside vendors on prioritized transformation projects
- Provide support for internal and external audits, including walkthroughs and responses to questions from auditors/regulators
- Interact and collaborate with highly skilled staff both internally (e.g., IT, Valuation, Finance) and externally (e.g., modeling outsourcing partner)
- Support future transactions by performing various analyses related to experience studies
- Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline
- ASA, Career ASA or newly credentialed FSA
- 5-6+ years financial, insurance industry, or actuarial experience
- Strong analytical and problem-solving skills with the ability to identify patterns, trends, anomalies, and key drivers within large and complex datasets
- Exceptional attention to detail with a proven ability to validate data, reconcile results, investigate anomalies, and ensure the accuracy and reliability of analyses
- Excellent computer skills are required: Advanced knowledge of Microsoft Excel, proficient in SQL Server, Microsoft PowerBI, R, or Python, experience with Microsoft PowerPoint is a plus
- Advanced knowledge of actuarial concepts; ability to use this knowledge to lead/develop solutions to adhoc requests or issues
- Solid understanding of insurance products, regulations, or insurance company structure from prior experience; Prior experience with variable annuity products preferred
- Leverages strong oral and written communication skills to readily and effectively collaborate with peers, managers, shares information and asks questions
- Ability to manage competing priorities and deadlines
- Strong desire to learn and grow
- Experience with improving and optimizing processes and reflecting appropriate controls
- Ability to work in a cross-functional team environment
Note: Eligible candidates are required to hold immediate, legal U.S. work authorization without the need for current or future visa sponsorship.
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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 Mathematics, Actuarial Science, Finance, or a related business discipline
- ASA, Career ASA, or newly credentialed FSA
- 5-6+ years of financial, insurance industry, or actuarial experience
- Strong analytical and problem-solving skills with experience analyzing large and complex datasets
- Exceptional attention to detail and ability to validate data, reconcile results, investigate anomalies, and ensure analytical accuracy
- Advanced Microsoft Excel knowledge
- Proficiency in SQL Server, Microsoft Power BI, R, or Python
- Advanced knowledge of actuarial concepts
- Understanding of insurance products, regulations, or insurance company structures
- Experience with variable annuity products
- Strong oral and written communication skills
- Ability to manage competing priorities and deadlines
- Experience improving and optimizing processes and implementing appropriate controls
- Ability to work in a cross-functional team environment
- Microsoft PowerPoint experience
- Immediate, legal U.S. work authorization without current or future visa sponsorship
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.
