Senior Actuary

Tech Firefly is teaming up with a national insurance company to hire a Senior Actuary to join the team.

Responsibilities

• Develop and review profitability guidelines for evaluating business unit performance.
• Track, analyze, and report key profitability metrics for new and existing business to Senior Management.
• Identify and quantify variances from pricing based on experience studies (claims, persistency, and expenses).
• Provide actuarial advice to the CFO for financial planning, reporting, strategic goal achievement, and capital management.
• Act as a key member of the leadership team, ensuring timely and accurate actuarial reporting and processes.
• Implement and maintain actuarial controls and procedures.
• Analyze mortality and lapse experience and provide actionable insights to the Underwriting Department to improve their processes.
• Ensure timely and accurate filing of actuarial deliverables to internal stakeholders, regulators, and auditors.
• Approve the annual preparation of Appointed Actuary’s Actuarial Opinions and Memoranda for the US and Puerto Rico.
• Ensure compliance with new standards such as Principles-Based Reserves (PBR) and the FASB’s Targeted Improvements for Long-Duration Contracts (LDTI).
• Offer comprehensive pricing support for product development, business initiatives, and ad hoc projects.
• Recommend assumptions for actuarial reserving, financial projections, dividends, and pricing based on experience studies.
• Maintain and update the Actuarial Study program to stay competitive within the industry, and support ongoing professional development and high employee morale.
• Oversee a team of 7-8 direct reports, including Senior and Associate Actuaries.
• Identify the need for external actuarial expertise, manage the selection process, and ensure quality deliverables within budget constraints.

Requirements

• Bachelor’s degree in actuarial science or a related mathematical field.
• At least 15 years of actuarial experience, particularly in financial reporting and pricing.
• Associate of the Society of Actuaries (ASA); Fellow of the Society of Actuaries (FSA) is preferred.
• Member of the American Academy of Actuaries (MAAA).
• Proficient in Moody’s GGY AXIS or similar systems like MG-ALFA.
• Extensive knowledge of Life and Health products, regulatory requirements, actuarial principles, and current practices.
• Strong technical actuarial skills, particularly in LDTI, evaluation, and traditional life insurance pricing (excluding annuities).
• Solid understanding of GAAP standards.
• Exceptional written and oral communication and leadership skills, with a track record of successful collaboration with Executive Management.
• Ability to influence key stakeholders and build effective partnerships with Marketing, Finance, and Senior Management.
• Proficiency in Microsoft Excel, PowerPoint, and Word.
• Understanding of financial controls in a corporate setting.
• Ability to prioritize and execute tasks efficiently in a fast-paced environment.
• Strong problem-solving skills and capability to work independently under pressure.
• Proven leadership in managing and developing actuarial staff.
• Effective collaboration and interaction with internal and external stakeholders.

Preferred Qualifications

• Fellow of the Society of Actuaries (FSA).
• Experience as an appointed actuary or valuation actuary and in pricing products.
• Technical and systems expertise is a plus.

Benefits

Subsidized Medical, Dental and Vision Insurance

Possible Relocation Package

RSUs