This newly opened Actuarial position will hold responsibility for reporting on reserves, Tax reserves, C3P2 RBC capital, and Cash Flow Testing for the Variable Annuity business.

Primary Responsibilities:

• Responsible for timely and accurate reporting and presentation of the statutory financials.

• Support Cash Flow Testing (CFT), including quarterly analysis and year end CFT memo work.

• Responsible for explaining and documenting review of model and assumption changes on statutory and related internal risk metrics.

• Review work completed by external actuarial outsourcing partner and internal team members which includes working with Finance and Risk teams such as Assumptions and Controllership to gather various inputs, planning / assigning work to external outsourcing partner, review of work, preparation of analytics and presentation materials, investigation of atypical results, and enhancing analytics and attributions over time. 

• Execution of controls under the NAIC Model Audit Rule. Liaising with internal and external auditors as part of financial audits.

• Contribute to ad-hoc projects by assisting with implementation of company related initiatives, such as model validation or methodology changes. 

• Other duties may be assigned.

Key Qualifications:

• Bachelors degree in Mathematics, Actuarial Science, Finance or related business discipline

• Completion of 5-6 actuarial exams; near ASA / ASA; 3-4+ years finance, insurance industry, or actuarial experience

• Strong computer skills: Excel, databases, actuarial projection/valuation software, programming (e.g. R, VBA, SQL)

• Solid understanding of insurance products, regulations, or insurance company structure from prior experience in roles such as

• pricing, modeling, valuation, risk management, inforce management, experience studies, hedging

• Detail oriented and strong analytical problem-solving skills to make informed decisions

• Leverages strong oral and written communication skills to readily and effectively collaborate with peers, managers, shares

• information and asks questions

• Ability to manage competing priorities and deadlines

• Strong desire to learn and grow; willing to rotate to other actuarial roles

Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate’s skills and experience or otherwise conflict with Venerable’s hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for.

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