Actuary, Modeling

Aspida Oy; Durham (NC); On-site; USD 120,000 - 160,000; Full time

Benefits offered by this job

Relocation available

Full Benefits Package Available

Full-Time

Job summary

Aspida is seeking a Modeling Actuary to develop, maintain, and enhance AXIS-based projection models for our fixed and indexed annuities. The role requires deep technical expertise, collaboration across valuation, finance, risk, and IT, and a proactive approach to governance.

Onsite at our Durham office three days a week. You will drive model design, validation, and reporting, support capital management and consolidated reporting, and lead efforts to improve model efficiency and controls in line

Qualifications

• ASA designation (FSA preferred) with 5+ years actuarial experience.
• Knowledge of AXIS modeling software, including projection cells, model structures and assumption management.
• Understanding of US Statutory, GAAP (LDTI), and asset/liability projection frameworks.
• Familiarity with international structures or cross-border insurance reporting preferred.
• Advanced proficiency in Excel, SQL, and/or automation tools (R, Python, VBA).
• Strong analytical, problem-solving, and communication skills; able to explain technical results to non-actuarial audiences.

Responsibilities

• Contribute to design, development, and maintenance of AXIS models for fixed and indexed annuities; align with valuation, pricing, and ALM requirements.
• Support valuation and projection processes by managing model change cycles and regression testing.
• Collaborate with valuation, finance, risk management, and IT teams to ensure model integrity across reporting frameworks.
• Analyze model results and provide insights on earnings drivers, reserve movements, and sensitivities.
• Implement model governance standards, including documentation, version control, and peer review per Model Validation Policy and SOX.
• Partner with global actuarial and finance teams to support consolidated reporting and capital management.
• Identify and drive process improvements to enhance model efficiency and streamline reporting cycles.

Skills

Analytical thinking

Communication skills

Problem solving

Attention to detail

Education

ASA designation (FSA preferred)

Tools

AXIS modelling

Excel

SQL

Python

R

VBA

Job description

Company Description

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn.

Who We Are

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For

The Modeling Actuary will play a key role in developing, maintaining, and enhancing actuarial projection models for Aspida. This individual will ensure the AXIS models accurately reflect product features, cash flow mechanics, and valuation methodologies. The role requires deep technical expertise, strong collaboration across functions, and a proactive approach to process improvement and governance. This role reports to the VP, Valuation Actuary and is required to be onsite at our Durham office 3 days a week.

What You Will Do

• Contribute to the design, development, and maintenance of AXIS models for fixed and indexed annuity products, ensuring alignment with valuation, pricing, and ALM requirements.
• Support valuation and projection processes for the group by managing model change cycles including regression testing and explanation of impacts
• Collaborate with valuation, finance, risk management, and IT teams to ensure model integrity, transparency, and consistency across reporting frameworks.
• Analyze model results and provide insights on drivers of earnings, reserve movements, and sensitivities.
• Implement model governance standards, including documentation, version control, and peer review, consistent with actuarial control frameworks (e.g., Model Validation Policy, SOX requirements).
• Partner with global actuarial and finance teams to support consolidated reporting, capital management, and strategic initiatives.
• Identify and drive process improvements to enhance model efficiency, reduce run times, and streamline reporting cycles.

What We Provide

• Salaried, DOE
• Relocation available
• Full‑Time
• Full Benefits Package Available

What We Believe

Not sure if you meet every qualification? We still encourage you to apply! We value inclusivity, welcoming candidates from diverse backgrounds, including non‑traditional paths. Unique experiences enrich our team, and the willingness to dream big makes you an exceptional candidate!

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

Requirements

• ASA designation (FSA preferred) with 5+ years of actuarial experience
• Knowledge of AXIS modeling software, including experience building and validating projection cells, model structures, and assumption management.
• Understanding of US Statutory, GAAP (LDTI), and asset/liability projection frameworks.
• Familiarity with international structures or cross‑border insurance reporting preferred.
• Advanced proficiency in Excel, SQL, and/or automation tools (R, Python, VBA) a plus.
• Strong analytical, problem‑solving, and communication skills, with ability to explain technical results to non‑actuarial audiences.
• Organized, detail‑oriented, and able to manage competing priorities in a dynamic environment.