Assistant Actuary - Annuity Statutory / PBR Valuation
Our client is seeking an Assistant Actuary, Annuity Statutory / PBR Valuation to join their Corporate Actuarial team. This is an exciting opportunity to be part of a newly established VM-22 Principle-Based Reserving (PBR) function, supporting the valuation of a growing annuity portfolio while helping build valuation processes, infrastructure, and governance from the ground up.
Key Responsibilities
- Perform quarterly statutory and tax valuations for non-variable annuity products, including VM-22 PBR valuations.
- Analyze reserve movements and explain key drivers of financial results.
- Support VM-22 implementation, valuation model testing, and production readiness.
- Contribute to assumption development and testing, including mortality, lapses, withdrawals, expenses, and crediting strategies.
- Maintain valuation data governance, controls, and audit documentation.
- Assist with VM-31 reporting, regulatory filings, audits, and examination requests.
- Develop valuation tools, reporting enhancements, and management analytics.
- Partner with Finance, Risk, Pricing, IT, Capital Management, and external consultants on strategic initiatives.
Qualifications
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
- ASA required; FSA progression strongly preferred.
- 3-5+ years of annuity valuation experience.
- Experience with VM-22 and/or VM-21 statutory valuation required.
- Strong knowledge of PBR concepts, stochastic modeling, and reserve analysis.
- Prophet experience preferred.
- Proficiency in SQL required; Snowflake and Power BI are a plus.
- Excellent analytical, communication, and technical documentation skills.
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