Director Actuary, Life Valuation


At Ameritas, fulfilling life is what we do daily. We continuously strive to help our customers and employees enjoy life at its very best by reducing uncertainty, helping grow assets and protecting what is most cherished. We're here to help customers put worry behind and the future ahead and help enable a life that's rich in family, happiness, health and financial security. When lives are fulfilled, our mission is fulfilled.

We take great pride in the work we do every day. We have an associate driven culture where employees know that goals and objectives that are set to be achieved; they understand the business strategy and they find new ways to make the company successful. They improve products, processes and services each day to increase the productivity of the enterprise. We rely on our associates for their energy, talents and commitment to give their very best.

Ameritas is looking for our next Director and Associate Actuary to join our Corporate Actuarial Life valuation team. This position is the department subject matter expert and is responsible for managing all aspects of the Statutory, GAAP and Tax valuation and actuarial financial reporting for the individual life business lines. This detail oriented, results driving individual will have advanced knowledge of industry practices and standards and assume the lead in the assigned responsibilities. This key position will assist the company's Appointed Actuary in meeting their objectives and accountabilities, and collaborate with other actuarial areas, Accounting & Finance, Internal Audit, external auditors and regulators to ensure Ameritas meets the reserve and valuation standards under various reporting basis.

Essential Functions:

Provide leadership in delivering the following:

* Timely and accurate actuarial information for the company's traditional and interest sensitive life products.
* Detailed analysis of values related to quarterly statutory, tax and GAAP reserves and GAAP DPAC balances.
* Required regulatory actuarial information needed for year-end filings, tax reporting, surveys, state exams, IRS exams and other similar requests.
* Implementation of new software tools and the valuation of new product features.
* Documentation of decisions made, processes put into place and other work performed.
* Support for cash flow testing, assumption setting and forecasting.

Be responsible for:

* Collaboration with internal product and risk-analysis actuaries, accountants, auditors, management and other associates, as well as external rating agencies, auditors and regulators.
* Reviewing and understanding new and existing valuation requirements and implementing procedures to comply with those requirements.
* Effectively partnering with the data manager and other department members to ensure accurate valuation data and definitions are used including data testing.
* Compliance with all valuation controls, including confirming all calculations reflected in detailed policy audits.
* Providing guidance, coaching and training to actuarial associates on the team.

Take initiative to:

* Conform valuation practices, procedures and philosophies, where appropriate.
* Provide insight and recommendations for decisions affecting the entire valuation team and all of Corporate Actuarial.
* Improve on existing valuation processes and controls.
* Independently manage the valuation function to which assigned while still working in a team environment.
* Successfully complete special projects as directed by senior leaders and other management.

Required Knowledge and Skills:

* Associate or Fellow of the Society of Actuaries designation.
* Member of the American Academy of Actuaries.
* Bachelor degree in Actuarial Science, Mathematics, Statistics or a related field.
* Seven or more years of actuarial experience.
* Advanced knowledge of insurance products and concepts, actuarial theory and techniques, and regulation of the insurance industry.
* Understanding of advanced mathematical and statistical concepts.
* Ability to work effectively both independently and as part of a team.
* Demonstrates leadership and initiative in a professional manner.
* Strong analytical, problem solving, written and oral communication, and organizational skills.
* Experience with Microsoft Office.
* Ability to multi-task and switch back and forth between projects as needed.
* Willingness to learn new software tools and packages.

* Experience in individual life, individual annuity, individual disability income and/or retirement plans products preferred.
* Statutory or GAAP valuation experience preferred.
* Ability to accurately perform detailed calculations with a high-level of understanding.
* Ability to clearly and thoroughly document assumptions, decisions, processes and other work performed.

We are Ameritas: proud to say we're in the business of fulfilling life.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

Job ID: 5474

Posted 29 days ago

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