Associate Actuary, Life Valuation

The Jonus Group; Addison (TX); On-site; USD 125,000 - 180,000; Full time

Job summary

The Jonus Group seeks an experienced Associate Actuary to join its Life Valuation team in a key role focusing on the valuation, analysis, and reporting of reserves for Indexed Universal Life products. This position emphasizes PBR, statutory valuation, and GAAP accounting for life insurance.

Ideal candidates bring deep actuarial expertise, strong communication, and the ability to collaborate with Pricing, FP&A, Inforce Management, Modeling, and Tax teams to support regulatory reporting and

Qualifications

• FSA with 7+ years life insurance actuarial experience or ASA with 10+ years.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related quantitative discipline.
• Minimum 5 years of actuarial valuation, financial reporting, or actuarial modeling in life insurance.
• Strong knowledge of PBR, statutory valuation, and life insurance accounting.
• Proficiency with SQL, Databricks, Access or similar data tools.

Responsibilities

• Perform actuarial valuation for life insurance products with emphasis on PBR.
• Conduct experience studies, recommend assumption updates, and quantify financial impacts.
• Analyze reserve movements, policyholder behavior, and emerging business trends.
• Support annual PBR reporting and assist with regulatory and audit communications.
• Prepare and review actuarial reporting for Statutory, GAAP, and Tax financial reporting.
• Analyze and communicate results related to GAAP accounting standards, including FAS 97 and FAS 133.
• Partner with cross-functional teams to provide actuarial insights and business recommendations.
• Contribute to ongoing process improvements and support special actuarial projects as needed.

Skills

PBR knowledge

Valuation experience

Financial reporting

Actuarial modeling

SQL/Databricks

Communication skills

Education

Bachelor's degree in Actuarial Science/Math/Statistics/Economics

Tools

PolySystems

MG-ALFA

GGY AXIS

SQL Databricks

Job description

Associate Actuary, Life Valuation

Our client is seeking an experienced Associate Actuary to join its Life Insurance actuarial team. This role is responsible for the valuation, analysis, and reporting of reserves and other actuarial financial statement items for life insurance products, with a primary focus on Indexed Universal Life (IUL) business. The position also supports experience studies, assumption updates, profitability analysis, financial reporting, and strategic actuarial initiatives.

The ideal candidate possesses deep expertise in statutory valuation requirements, Principle-Based Reserves (PBR), and GAAP accounting for life insurance products, along with strong analytical and communication skills.

Key Responsibilities

• Perform actuarial valuation for life insurance products with an emphasis on Principle-Based Reserves (PBR).
• Conduct experience studies, recommend assumption updates, and quantify financial impacts.
• Analyze reserve movements, policyholder behavior, and emerging business trends.
• Support annual PBR reporting and assist with communications related to regulatory and audit requirements.
• Prepare and review actuarial reporting for Statutory, GAAP, and Tax financial reporting.
• Analyze and communicate results related to GAAP accounting standards, including FAS 97 and FAS 133.
• Partner with cross-functional teams including Pricing, Financial Planning & Analysis, Inforce Management, Modeling, and Tax to provide actuarial insights and business recommendations.
• Contribute to ongoing process improvements and support special actuarial projects as needed.

Qualifications

• Fellow of the Society of Actuaries (FSA) with 7+ years of life insurance actuarial experience, or Career Associate of the Society of Actuaries (ASA) with 10+ years of relevant experience.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related quantitative discipline.
• Minimum of 5 years of experience in actuarial valuation, financial reporting, or actuarial modeling within the life insurance industry.
• Strong knowledge of Principle-Based Reserves (PBR), statutory valuation, and life insurance accounting.
• Experience with actuarial modeling platforms such as PolySystems, MG-ALFA, GGY AXIS, or comparable software.
• Proficiency with SQL, Databricks, Microsoft Access, or similar data management tools.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong written and verbal communication skills with the ability to present complex actuarial concepts to a variety of stakeholders.
• Demonstrated ability to collaborate across departments and contribute to continuous process improvement.
• Knowledge of actuarial governance, controls, and risk management frameworks.
• Experience supporting regulatory reporting, audits, and strategic actuarial initiatives.

Compensation

• $125,000–$180,000 base salary, plus comprehensive benefits and potential incentive compensation.