Position: AVP, Annuity Valuation AXIS Modeler, Constellation Insurance, Inc., Reports to HQ at 1 Financial Way, Cincinnati, OH 45242 but may telecommute from anywhere.
Duties: AVP, Annuity Valuation AXIS Modeler directs a small team and has a lead role in AXIS modeling for annuity product-related projects, with close interaction on life and disability insurance initiatives. Responsibilities include implementing of regulatory changes (such as LDTI and VM22), reinsurance and capital optimization projects for inforce, acquired blocks and new products, supporting Valuation and reporting under multiple accounting bases, and driving improvements in actuarial modelling processes. The AVP, Annuity Valuation AXIS Modeler will lead implementation of Long-Duration Targeted Improvements (LDTI), including methodology design, transition approach, data, testing, and audit support; collaborate with cross-functional teams (Actuarial, Finance, IT) to gather requirements and implement modeling and reporting solutions for new treaties and products; perform model validation, assumption testing, and financial analysis to ensure accuracy, compliance, and efficient runtime performance; analyze and interpret model results, prepare financial reporting deliverables, and provide insights into profit drivers, earnings projections, and capital impacts; provide support during audits and regulatory examinations, addressing inquiries and maintaining robust documentation; develop, enhance, and maintain actuarial models in AXIS software to support valuation and reporting across US GAAP LDTI/GAAP and statutory frameworks; stay informed of industry developments and evolving regulatory requirements internationally (US GAAP, IFRS17, local RBC frameworks) and integrate into actuarial models and processes; and mentor junior team members, lead project meetings, and provide training on AXIS modeling and actuarial reporting processes.
Travel domestically for quarterly company meetings. Reports to HQ at 1 Financial Way, Cincinnati, OH 45242 but may telecommute from anywhere.
Requirements: Bachelor's degree in actuarial science, mathematics, statistics or related field. Fellow of the Society of Actuaries. Ten years of experience in actuarial roles, with specific experience in relevant modeling and project experience. Three years of experience with AXIS software, including building, validating, and maintaining models for pricing and valuation. Three or more years of experience with US GAAP reporting, including LDTI implementation. Three years of experience quantifying impacts and identifying trends. Two years of leadership experience, including managing teams and projects independently. Experience collaborating with cross-functional teams (Finance, IT, senior management) on actuarial and reporting initiatives. Excellent communication and influencing skills, with demonstrated experience presenting to senior management and driving decision-making. Hands-on experience with LDTI frameworks, including methodology, systems, and process enhancements. Prior involvement in audit engagement and preparation of supporting documentation for regulatory examinations. Demonstrated ability to drive process improvements and automation within actuarial modeling or reporting functions.
Travel domestically for quarterly company meetings. Reports to HQ at 1 Financial Way, Cincinnati, OH 45242 but may telecommute from anywhere.
Apply online at https://myjobs.adp.com/constellationinsurancecareers/cx.
0065201.0791802 4916-2472-7444v3
Preferred QualificationsSkills Required
- Bachelor's degree in actuarial science, mathematics, statistics or related field
- Fellow of the Society of Actuaries
- Ten years of experience in actuarial roles
- Three years of experience with AXIS software
- Three or more years of experience with US GAAP reporting
- Two years of leadership experience
- Excellent communication and influencing skills
What We Do
Constellation® is a growing portfolio of medical professional liability insurance and partner companies including MMIC, UMIA, Arkansas Mutual and MMIC RRG. We were formed in response to the ever-changing realities of health care and dedicated to reducing risk and supporting physicians and care teams, thereby improving business results. We help medical professionals attain their dream to help, heal, and serve. Our strategy is based on the fundamental belief that together we are stronger, that by sharing resources and expertise, we can help physicians, health care teams and health care institutions reduce risk, improve care and increase profitability. The best part is, what we do is good for everybody. This is how we arrived at our brand strategy, ”Together for the common good.” By working together, we all become part of something bigger than ourselves." Our insurance protects something we can all get behind: Your commitment to provide the very best in care For decades we have been backing the great work of physicians, clinics, hospitals, health systems and senior living communities throughout the country. And, we're mutual—our policyholders are owners, and their influence and expertise help guide the decisions that have made us financially strong for more than three decades. And, our policies come with brainpower—our responsive team is here to answer your questions, help you manage unanticipated situations, and keep you current in the ever-changing health care industry. We offer webinars, assessments and events, plus data analytics and action plans—all designed to help you minimize your risks and improve patient safety practices, using data-informed, customized action plans.
.png)
