VP, ALFA Modeling Actuary
Vice President, Product Pricing Actuary
Location: New York, NY
A leading provider of retirement and investment solutions is seeking a Vice President, Product Pricing Actuary to serve as the enterprise expert and owner of its actuarial modeling ecosystem. This individual will oversee the design, governance, and continuous evolution of the MG‑ALFA platform that powers valuation, forecasting, capital, pricing, and risk analytics across the organization.
Role Overview
This senior actuarial leader will be responsible for ensuring that actuarial models are accurate, well‑governed, scalable, and responsive to rapidly evolving business, regulatory, and reporting needs. The role requires deep technical expertise, strong accounting knowledge, and the ability to partner closely with teams across valuation, capital, FP&A, risk, product development, and technology.
The VP will shape modeling strategy, modernize the modeling framework, and serve as a key influencer in enterprise‑wide decisions that rely on reliable projection and pricing capabilities.
Key Responsibilities
- Serve as the enterprise owner of the MG‑ALFA modeling framework, maintaining consistency, accuracy, and adherence to governance standards.
- Lead the development, enhancement, and maintenance of actuarial models supporting US GAAP, statutory reporting, capital calculations, forecasting, and management reporting.
- Oversee model governance, including change management, documentation standards, validation routines, and control frameworks.
- Evaluate model performance, identify areas for improvement, and lead modernization or re‑architecture initiatives when needed.
- Ensure models accurately reflect accounting requirements-including US GAAP (LDTI), statutory, tax, and economic frameworks; knowledge of BMA regulatory guidance is a plus.
- Partner with valuation, capital, FP&A, risk, and product teams to align modeling approaches and deliver outputs on time.
- Work with technology partners to improve automation, system performance, and integration with upstream and downstream data sources.
- Provide subject‑matter expertise and peer review on actuarial assumptions, methodologies, and controls.
- Mentor actuarial talent on modeling methods, coding best practices, and the effective use of actuarial software.
- Produce well‑structured, audit‑ready documentation and support inquiries from auditors, validators, regulators, and rating agencies.
- Monitor emerging trends in regulation, modeling, and technology to maintain a forward‑looking modeling strategy.
Qualifications
- Fellow of the Society of Actuaries (FSA).
- 10+ years of actuarial experience, with strong expertise in financial modeling, model governance, and model infrastructure.
- Extensive hands‑on experience with MG‑ALFA; prior ownership or architecture of enterprise modeling frameworks preferred.
- Strong knowledge of US GAAP (including LDTI) and US statutory accounting; experience with BMA reporting is a significant advantage.
- Proficiency in programming and automation tools (Python, SQL, VBA, C++, or similar), including the ability to streamline and automate actuarial processes.
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