AVP, Actuarial Financial Reporting
AVP - Actuarial Valuation (Variable Annuities)
Location: Boston, MA
An established and growing insurance organization is seeking an Assistant Vice President (AVP) to join its Actuarial Valuation team. This leadership role will oversee valuation and financial reporting for the Variable Annuities block of business, driving accuracy, compliance, and strategic insights.
Key Responsibilities
- Lead and manage the Variable Annuities valuation team for all financial reporting activities.
- Calculate US GAAP, Statutory, and Tax reserves, along with other actuarial balances.
- Provide detailed analysis of reserve movements and sensitivities for both Statutory and GAAP balances.
- Explain sources of earnings and trends in quarterly financial results.
- Conduct annual impact testing for assumption changes.
- Partner with the Modeling team on necessary updates and enhancements.
- Collaborate with IT and data teams to maintain and improve valuation systems.
- Ensure strong internal controls, including Sarbanes-Oxley (SOX) compliance.
- Support audit and regulatory requests as needed.
Qualifications
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.
- FSA designation with 10+ years of experience in the life and annuity insurance industry.
- Strong knowledge of Variable Annuities products.
- Experience with US Statutory and GAAP valuation preferred.
- Exceptional communication, technical, and analytical skills.
- Self-starter with the ability to solve complex issues independently.
- Collaborative, adaptable, and motivated with a positive attitude.
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