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AVP, Corporate Actuary

AVP, Corporate Actuary job! Our Client is one of the world’s leading reinsurers. Our Client is viewed as a reliable partner for innovative risk solutions, exceptional customer relationships and financial soundness. The rating agencies have awarded excellent ratings to our Client. It has grown into a global player by successfully dealing with risks.

Outstanding role for an individual to enhance their career with a growing company. The AVP, Corporate Actuary job salary is $138,200 to $169,700 DOE + Bonus. This AVP, Corporate Actuary job is Remote. Apply now for this exceptional AVP, Corporate Actuary job by following the instructions at the end of this Job description!

Job Summary

The AVP, Corporate Actuary is responsible for managing high-quality, timely delivery of essential regulatory and financial reporting requirements.

Key Responsibilities

• Regulatory & Tax Reporting (35%):
  • Supervise preparation, review, and timely submission of statutory exhibits, schedules, and actuarial opinions.
  • Ensure compliance with US statutory requirements, including AG38, AG48, AG53, PBR, X-factors, and preferred tables.
  • Oversee tax reserve preparation and reporting.
  • Monitor and report on minimum tax triggers as per regulations.
  • Analyze new tax laws’ impact on tax reserves and assess the effects of new deals.
  • Provide detailed documentation to support internal and external audits.
  • Track and report changes in financial reporting regulations to ensure ongoing compliance.
  • Conduct periodic reviews of business units for quality assurance.
  • Update and review MAR processes for audit support.
  • Generate proforma quarterly.
  • Oversee updates to annual SII Narrative and Actuarial Function reports.
  • Manage AM Best questionnaire preparation for the US entity.
• Projects & Initiatives (50%):
  • Drive improvements in statutory processes, including forecasts and tax projections to support evolving tax laws.
  • Contribute to cross-team initiatives like model validation and FRV activities.
• Management of Staff (15%):
  • Supervise, train, and develop actuarial team members, ensuring task completion and preparing them for additional responsibilities.
  • Promote cross-training, documentation of processes, and transition planning for incoming staff.

Required Competencies

• Ensures Accountability
• Plans and Aligns
• Collaborates
• Resourcefulness
• Optimizes Work Processes

Essential Knowledge, Skills, and Abilities

• Bachelor’s degree in Actuarial Science, Applied Math, Statistics, or related field.
• FSA designation from the Society of Actuaries and American Academy of Actuaries membership.
• Minimum of 8 years in valuation within the insurance or reinsurance industry.
• Intermediate proficiency in Microsoft Office Suite (Excel, Word, Access).
• Strong communication and organizational skills.
• Ability to work independently with minimal supervision.
• Experience managing projects, resources, and teams.

Desired Knowledge, Skills, and Abilities

• Expertise in US statutory reserving and financial reporting, including Principles Based Reserves (PBR).
• Proficiency in actuarial modeling, validation, and review of model outputs.
• Familiarity with the Model Audit Rule and financial reporting documentation.
• Experience with reinsurance structures.
• Proficiency in actuarial modeling platforms, specifically Risk Agility FM.
• Knowledge of SQL, R, or similar tools.

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