Chief Actuary - Strategic Leader in Pricing & Reserves

A-CAP

Miami (FL)

On-site

USD 180,000 - 260,000

Full time

14 days+

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Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) plan with employer match

Paid vacation and sick leave

Paid holidays

Life & AD&D insurance

Disability insurance

Job summary

A-CAP Services LLC is seeking a Chief Actuary in onsite Miami to lead all actuarial functions and ensure financial integrity across insurance products. You will report to the CFO and collaborate with executives and external stakeholders to drive strategy and performance.

The role requires a hands-on leader with at least 10 years in actuarial work, 5 in leadership, and credentials such as MAAA and FSA (or career ASA). Extensive knowledge of annuity products and hedging strategies is expected.

Qualifications

Bachelor’s degree or higher in Actuarial Science, Mathematics, Finance, or related field.
MAAA and FSA (or career ASA) designations.
At least 10 years in the actuarial field, including 5 years in leadership roles within financial or actuarial departments.
Experience with MYGA, FIA, GIA type products and familiarity with indexed hedging strategies.

Responsibilities

Strategic Leadership and Innovation: Lead the strategic direction of all actuarial functions, aligning with corporate goals for product innovation, market leadership and financial strength.
Pricing & Product Development: Manage the modeling and pricing for all new annuity and life products as well as enhancements to existing products. Manage the modeling of new proposed reinsurance transactions.
Liability and Reserve Management: Manage and report on insurance policy liabilities (Stat & GAAP) and ensure adequacy of reserves to meet future obligations.
Financial Projections & Planning: Manage financial projection process for all insurance products (projections are used to develop the group’s 3-year financial plan). Develop process to run projections on a more frequent regular basis and produce actual-to-expected analyses.
Assumption Governance & Experience Studies: Develop process for regular re-evaluation and analysis of key actuarial assumptions. Develop governance process for recording existing assumptions and properly documenting future changes to assumptions.
Vendor and Consultant Management: Develop a strategic framework for determining which actuarial functions to build internally versus outsource and establish governance processes to ensure quality, accountability, and cost-effectiveness of all external engagements.
Partnership with Appointed Actuary: Interact with the ACL’s external appointed actuary, ensuring a productive and well coordinated relationship that supports the timely completion of all required actuarial opinions, reserve certifications and regulatory filings.
Regulatory and Rating Agency Compliance: Serve as the company’s primary actuarial liaison with state insurance regulators, the NAIC and rating agencies. Oversee the preparation and filing of all required actuarial materials including RBC calculations and asset adequacy analyses. Support regulatory examinations and respond to actuarial inquiries from rating agencies and departments of insurance.
Communication: Keep all other departments apprised of developments within the actuarial function. Communicate complex actuarial concepts to non-actuarial stakeholders. Create cross-functional harmony with finance, technology, administrative, and other teams.