AVP Actuary Valuation & Modernization

NACBA; Des Moines, Northern (IA, KY); Hybrid; USD 180,000 - 240,000; Full time

Job summary

Wellabe seeks an AVP Actuary Valuation & Modernization to lead the actuarial function, establish proper reserves, and explain financial results for Wellabe entities. You will drive modernization, support audits, and manage a small high-performing team to ensure accuracy and regulatory compliance.

The role partners with Finance, Legal, and Risk, requires advanced actuarial expertise in US statutory and GAAP valuation, and strong communication with executives.

Qualifications

• 7+ years actuarial experience with US statutory and US GAAP valuations.
• Strong communication skills to present to executives and the board.
• Experience with actuarial modeling and regulatory frameworks.

Responsibilities

• Oversee preparation and interpretation of actuarial data and formulas.
• Ensure compliance with statutory reserve requirements.
• Direct monthly/quarterly/annual close for actuarial items and RBC calculations.
• Support financial reporting and analysis for management and board.
• Drive automation and use of AI to improve actuarial processes.
• Build and lead a high performing team of 3–5 actuarial professionals.
• Collaborate with Accounting, Internal Audit, Risk, Modeling, and Data teams.

Skills

Communication

Actuarial skills

Insurance knowledge

Technical aptitude

MS Office

Problem solving

Analytical thinking

Cross-functional teamwork

Organization

Education

Bachelor’s degree in mathematics, statistics, actuarial science or computer science

FSA designation

MAAA designation a plus

Tools

Actuarial modeling software

GAAP LDTI knowledge

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.