AVP Actuary Valuation & Modernization

Wellabe; Des Moines (IA); On-site; USD 150,000 - 210,000; Full time

Job summary

Wellabe in Des Moines, IA seeks an AVP Actuary Valuation & Modernization to lead actuarial reserves and financial reporting for Wellabe companies. This role directs reserves, audits support, and modernization of actuarial processes.

You will manage a small team (3–5), collaborate with Finance, Risk, and Internal Audit, and ensure compliance with US statutory and GAAP (LDTI). Strong communication and advanced actuarial skills required.

Qualifications

• Exceptional written and verbal communication skills, including presenting to executives and the board.
• Advanced actuarial skills in reserving, experience analysis, data management and reporting.
• Deep knowledge of US insurance products, operations and regulatory landscape.
• Ability to understand technical solutions and rapidly learn tools.

Responsibilities

• Oversee preparation and interpretation of actuarial data and related formulae; provide guidance on complex actuarial scenarios.
• Ensure compliance with statutory reserve requirements.
• Direct monthly/quarterly/annual close for actuarial items and review NAIC RBC calculations.
• Support financial reporting and analysis for management and the board.

Skills

Actuarial valuation

LDTI/GAAP knowledge

Executive communication

Leadership

Regulatory knowledge

Modeling software

Education

Bachelor’s degree in mathematics/statistics/actuarial science

FSA designation

MAAA designation

Tools

Modeling software

Job description

Wellabe is seeking an AVP Actuary Valuation & Modernization to join our team. This role provides leadership and direction to the actuarial function of the organization as it relates to establishing proper reserves for Wellabe companies and explaining financial results. Provides expertise and support for the annual audit and the quinquennial state exam. Oversees continuous improvement and modernization of actuarial processes. Ensures adherence to all departmental, regulatory, and actuarial guidelines for supported product lines.

Core Responsibilities

• Oversees the preparation and interpretation of actuarial data and related formulae. Provides advice and counsel regarding complex actuarial situations.
• Ensures compliance with statutory reserve requirements.
• Directs monthly/quarterly/annual close for actuarial items, including valuation of reserves for all Wellabe entities and review of NAIC risk-based capital calculations.
• Supports financial reporting and analysis for management and the board.
• Ensures adherence to all MAR controls related to reserves.
• Maintains appropriate documentation of actuarial processes and work products.
• Drives automation and use of AI to improve actuarial and reporting processes.
• Build and lead a high performing team (approx. 3–5 actuarial professionals), overseeing workflow, providing feedback, fostering a positive work environment, developing staff, and hiring as needed.
• Collaborates with Accounting, Internal Audit, Risk, Modeling, and Data Asset Management to ensure accuracy and integrity of Finance work products.
• Partners with Finance/Legal on reinsurance accounting, treaty implementations, and related disclosures; ensures valuation consistency for ceded/assumed blocks.
• Provides thought leadership to the broader Finance organization.

Qualifications

• Must have exceptional written and verbal communication skills, including the ability to speak to executive and board level officers in formal settings.
• Advanced actuarial skills on reserving, experience analysis, data management, and reporting.
• Advanced knowledge of insurance products, operations and existing regulations, awareness of legal, political, economic and environmental impacts on the insurance products and operations.
• Strong aptitude for understanding technical solutions and learning/utilizing tools.
• Advanced knowledge of MS Office Suite (Excel, Word and PowerPoint).
• High ability to solve problems and work under pressure.
• Strong analytic and critical thinking skills backed by exceptional ability to articulate and defend complex ideas and strategies to non-technical audiences in order to assure maximum understanding and positive impact of ideas.
• Demonstrated success working in cross-functional collaborative teams and in working with senior management.
• Strong organizational skills with a drive for transparency and efficiency.
• 7+ years' actuarial experience with deep expertise in US statutory and US GAAP (LDTI) valuation, RBC, reserve governance, and controls.
• Experience with actuarial modeling software.
• Experience with GAAP LDTI is a plus.

Education

• Bachelor’s degree with at least a minor in mathematics, statistics, actuarial science, or computer science.
• FSA designation strongly preferred.
• MAAA designation is a plus.