GENERAL PURPOSE OF THE JOB:
The AVP, Actuary is responsible for leading critical asset adequacy analysis to ensure the long-term solvency of our organization. This role offers the opportunity to influence strategic decisions, collaborate across departments, and manage a high-performing team all while working on complex, rewarding challenges in the annuity space.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Drive timely and accurate asset adequacy analysis for fixed indexed annuities and other annuity blocks, ensuring financial strength and regulatory compliance.
- Monitor industry trends, regulatory changes, and best practices to keep processes cutting-edge.
- Partner with Corporate Actuarial (valuation, modeling, FP&A, assumptions) and teams like Investments, Product, and Pricing to share insights and shape business strategy.
- Manage and mentor a diverse team of actuaries, fostering growth, engagement, and excellence.
- Serve as the go-to resource for cash flow testing frameworks.
- Work closely with Investments to model and validate asset cash flows and market values using MG-ALFA.
SUPERVISORY RESPONSIBILITIES:
Direct Reports:
Two (2) to three (3) actuarial associates, analysts and interns.
General Description of Indirect Reports (2 and 3-downs): 0 to 1
EDUCATION AND/OR EXPERIENCE:
- Bachelor’s degree in actuarial science or related field.
- 10+ years of progressive actuarial experience, including asset adequacy analysis.
- Prior experience with MG-ALFA or similar actuarial software.
- Prior experience leading cashflow testing is preferred
- 4+ years of leadership experience preferred.
CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
- FSA, MAAA or ASA, MAAA required.
KNOWLEDGE, SKILLS AND ABILITIES:
- Deep knowledge of financial reporting, regulatory requirements, and ASOPs.
- Proficiency in modeling fixed indexed annuities under various jurisdictions (e.g., Bermuda) and capital models.
- Strong understanding of reinsurance transactions and asset-liability modeling.
- Advanced analytical and statistical skills, including Excel modeling.
- Exceptional attention to detail and ability to manage complex projects and a team under tight deadlines.
- Strong communication skills to present technical concepts to senior leadership and stakeholders.
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What We Do
American Equity* Fixed Index Annuities * Retirement Planning * Customer Service An American-owned and operated company headquartered in the heart of the Midwest, American Equity Investment Life Insurance Company® is a leader in the fixed indexed annuities marketplace. American Equity’s growth and success is attributed to our dedication to excellent customer service and emphasis on building customer relationships. “The One Who Works for You!®” serves as the foundation for the way American Equity does business and values its more than 500 employees. Guided by our Principles of Excellence, we do more than sell retirement annuity products -- we are dedicated to fostering opportunity and innovation to meet the ever-changing needs and goals of retirement. "It's About the People" is the American Equity story and the legacy of our founder David J. Noble. This commitment to excellence includes our employees, agents, partners, and contract owners. We thank you for entrusting us with the things that matter most. When your retirement begins, you want to ensure you can enjoy it, which is why it’s important to have reliable support that can help fund every day of your golden years. After all, your life of hard work has earned you the retirement you planned for. These are the guiding principles that define everything we do. American Equity is the one who works for you.
