Actuary - Model Development

Smith Hanley; Boston (MA); Hybrid; USD 170,000 - 180,000; Full time

Job summary

Smith Hanley is seeking an Actuary - Model Development in Boston, MA. The role is hybrid, combining on-site and remote work as needed, with compensation of $170K–$180K base plus bonus.

The ideal candidate has FSA status and a strong background in life and annuity valuation, actuarial modeling, and reinsurance transaction integration. Responsibilities include model development, valuation process enhancements, financial reporting support, and cross-functional collaboration with pricing, data, and

Qualifications

• FSA designation with strong actuarial modeling and valuation experience.
• Experience with Bermuda EBS, US Statutory, and US GAAP valuations.
• Knowledge of life and annuity products including FIA, VA, RILA, UL, and PRT.
• Experience supporting reinsurance transactions and pricing-to-valuation model transitions.
• Strong understanding of asset-liability modeling, governance, and controls.

Responsibilities

• Model development and ongoing enhancement of valuation processes.
• Support financial reporting with actuarial inputs and analyses.
• Collaborate with pricing, data, and technology teams to deliver scalable solutions.
• Lead onboarding activities for new reinsurance deals and governance reviews.

Skills

FSA designation

Actuarial modeling

Valuation experience

Asset-liability modeling

Communication skills

Job description

Position: Actuary - Model Development

Location: Boston, MA (Hybrid)

Compensation: $170K – $180K Base + Bonus

Actuarial Summary: FSA-level actuarial professional with expertise in life and annuity valuation, actuarial modeling, and reinsurance transaction integration. This role supports Bermuda Economic Balance Sheet (EBS) valuation while leading key actuarial aspects of new reinsurance deal onboarding. Responsibilities include model development, valuation process enhancements, financial reporting support, and cross-functional collaboration with pricing, data, and technology teams. Ideal candidates bring strong technical modeling capabilities, knowledge of life and annuity products, and experience with valuation frameworks, governance standards, and scalable actuarial solutions supporting strategic business growth.

Key Skills & Requirements

• FSA designation with strong actuarial modeling and valuation experience
• Expertise in Bermuda EBS, US Statutory, and US GAAP valuation principles
• Knowledge of life and annuity products including FIA, VA, RILA, UL, and PRT
• Experience supporting reinsurance transactions and pricing-to-valuation model transitions
• Strong understanding of asset-liability modeling, governance, and controls
• Excellent communication skills with ability to collaborate across actuarial, pricing, and technology teams