Director, Actuary (Pricing)
Kuvare Holdings, Des Moines, IA, United States
Join to apply for the Director, Actuary role at Kuvare Holdings .
About Kuvare
Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements and are simplified for distributor partners and financial professionals to sell and service.
Kuvare Family Of Companies
- Retail Annuity and Life Insurance Solutions:
- United Life Insurance Company
- Gu rivers Income Life Insurance Company
- Lincoln Benefit Life
- Institutional Insurance:
- Kuvare Life Re
- Bespoke Insurance(To? Solutions:
- Ignite Partners
About The Role
The Actuarial Directors are part of the Actuarial team. The team covers an variety of specialties including Life and Annuity Valuation, Modeling and Forecasting, Pricing & Product Management, Asset Liability Management, and Enterprise Risk Management. As a director, you will have a specialization but will also have opportunities to work across specialty areas. Supervision of actuarial students or other positions on either a project level or on a full‑time basis is possible.
What You'll Do
Valuation Tasks
- Prepare, monitor, and analyze reserve trends monthly on GAAP, statutory, and tax accounting bases.
- Develop management reporting for existing business.
- Assist/Manage preparation of Statutory Annual and Quarterly Statements.
- Organize and prepare Valuation results for management review.
- Lead efforts or assist in gathering information and analysis for external auditor inspections.
- Develop methodology memos, change memos, management presentations on topics as needed.
Pricing & Product Development
- Organize and maintain AXIS pricing model(s) to provide robust pricing and new business value analyses.
- Support rate‑setting and other NGE processes; perform analysis to support business decisions, sign‑off, and implementation.
- Monitor emerging product experience, manage actuarial assumptions and identify new risks.
- Coordinate and lead cross‑functional initiatives related to product development and reporting.
- Oversee Life and/or Annuity product illustrations; provide support to Customer Service on exemptions and escalated requests.
- Develop relationships with internal and external distribution (sales) stakeholders.
- Manage projects and stakeholders to promote timely and effective progress on key initiatives.
- Design and price new products.
- Support reinsurance efforts for risk sharing, tám analysis of existing and potential treaties Meghan Rekins,re developing relationships with reines.
- Support filing of newแบบ.
- Ensure products are built appropriately in administration system and validate test cases.
Product Management Tasks
- Produce, present, and improve monthly business monitoring reporting.
- Provide insight and analysis on in‑force experience trends.
- Oversee monthly crediting rate package and process.
- Coordinate with ALM and System on data and result analysis.
- Assist in the development and analysis of annual Illustration Actuary testing models.
- Review special policy illustration requests.
- Assist on灭 product‑related projects and requests.
- Develop management presentations on topics as needed.
Modeling and Forecasting Tasks
- Build and review model inputs to support financial projection capability.
- Execute and monitor model projections including troubleshooting model calculations.
- Analyze model output ensuring accuracy with intended model purpose.
- Build and maintain tools to assist in result analysis.
- Develop management presentations on topics as needed.
Risk and Investments Tasks
- Update quarterly stress testing results and compare versus risk appetite and limits.
- Monitor investment portfolio to ensure compliance with guidelines and limits.
- Monitor asset and liability duration, report mismatches outside tolerance.
- Prepare weekly hedging file, monitor hedge position стара results.
- Recommend alternative remediation plans if guidelines or limits are breached.
- Develop management presentations on topics as needed.
Ancillary Responsibilities
- Assess reasonableness of reserves as new blocks of business are acquired.
- Assess product features and determine product management strategies for new blocks.
- Build efficiencies through programming solutions in all aspects of model input and output data manipulation.
- Assist in the development and production of the Own Risk and Solvency Assessment.
- Assess impacts of alternate investment or reinvestment strategy and recommend changes.
- Assist in the development of optimization macros and recommend methods to improve hedging and ALM efficiency.
Qualifications
Experience
- BS in Actuarial Science, Mathematics, Finance, Statistics, or related area.
- FSA designation or near FSA designation.
- A minimum of 5 years of relevant full‑time insurance actuarial experience.
Skills / Competencies
- Strong analytical and problem‑solving skills.
- Strong business and collaboration skills.
- Proficiency in MS Office (Excel, Access, Word, PPT).
- Demonstrated ability with Actuarial software (e.g., AXIS, MG‑ALFA, ARCVal) – mandatory for modeling role; AXISUPDATED skills strongly preferred for pricing & product development role. τυχ>Excellent verbal and written communication skills.
- Flexible, can‑do attitude, willing to help out with all types of tasks in an ever‑changing environment.
- Passion to learn new things and design new solutions.
- Work both independently and as part of a team.