Primary Responsibilities will generally include the following:
- Create analysis related to block management actions including policyholder offerings, assumptions, investments, funds, and new business flow. The role collaborates with members of various teams to build or enhance ad-hoc analysis and key reporting metrics, to drive sound decisions.
- Contributes to due diligence of new deal opportunities for both in force and flow (new business) opportunities. This may include analysis such as evaluation of product features, modeling, data analytics, assumptions analysis, hedge modeling, and various other aspects of VM21 reserving.
- Support Actuarial Function with researching regulatory changes impacting Variable Annuity Reserves and Capital e.g. VM-21, Risk Based Capital, and any other related changes initiated by the NAIC.
- Support Actuarial Function with researching enhancements to capital and earnings projections and related business models. Some examples may include, improving scenario or other computation reduction techniques, enhancing projection of items such as investment income and hedge gains and losses.
- Support Actuarial Function with process efficiency initiatives including idea generation, outlining road map, execution and documentation. This may involve working across Finance, Risk, and IT teams.
- While an individual contributor focuses on technical analysis, the role will routinely work with peers, senior management, and junior staff across various teams. The role offers tremendous potential to create impact not only through application of subject matter expertise and business acumen but also by mentoring junior staff on highly technical topics.
- Adopts proactive and strategic approaches to enhance the quality and accuracy of deliverables.
- Leverages specialized depth and/or breadth of expertise to solve business problems
- Takes full accountability and responsibility for execution of high-quality deliverables and ultimately responsible for the performance and results.
- Commonly interfaces with senior or executive leadership on presentation and messaging of results; May interface directly with investors.
- Communicates with multiple stakeholders both within and outside of Venerable such as with counterparties, auditors, actuarial outsourcing partners or other vendors
Key Qualifications:
- Bachelors’ degree in Mathematics, Actuarial Science, Finance or related business discipline
- FSA or Career ASA
- 10+ years financial, insurance industry, or actuarial experience
- Ability to focus on “big picture” view while driving into details
- Ability to understand modeling nuances and challenge modeling approaches.
- Ability to appropriately and professionally communicate complex concepts across multiple and varied audiences with the appropriate detail for the audience.
- Strong software skills such as VBA, Python, R, SQL, Power BI, comfortable using AI
- As an individual contributor, you will be expected to work collaboratively with your peers.
- Strong presentation skills including to executive level. Expertise in creating PowerPoint materials (or other formats) with focus on highlighting key messages and succinctly explaining the “story”.
- Ability to participate and drive meetings / initiatives and manage competing priorities
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.
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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
- FSA or Career ASA designation
- 10+ years of financial, insurance industry, or actuarial experience
- Ability to understand modeling nuances and challenge modeling approaches
- Strong software skills, including VBA, Python, R, SQL, Power BI, and comfort using AI
- Strong executive-level presentation skills and expertise creating PowerPoint materials
- Ability to communicate complex concepts to varied audiences
- Ability to participate in and drive meetings and initiatives while managing competing priorities
- Ability to focus on the big-picture view while driving into details
- Collaborative work style
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.
