AVP, Valuation Actuary

Aspida; Durham (NC); On-site; USD 150,000 - 190,000; Full time

Benefits offered by this job

Long-Term Incentive Plan

Full Benefits Package Available

Full-Time

Job summary

A financial services firm in Durham, NC is seeking an experienced annuity valuation actuary. This role is crucial for ensuring the accuracy of annuity valuation results, supporting financial reporting and risk management. Key responsibilities include conducting valuation processes, mentoring junior staff, and enhancing valuation models using GGY AXIS. Candidates should possess an FSA designation and have over 10 years of actuarial experience, particularly with statutory and GAAP valuation. This is a full-time position with competitive salary and benefits.

Qualifications

• Deep expertise and experience with GGY AXIS, including model development and production runs for life insurance or annuity products.
• 10+ years of actuarial experience with exposure to statutory and/or GAAP valuation.
• Strong understanding of U.S. Statutory and U.S. GAAP accounting frameworks.

Responsibilities

• Perform and review Statutory and GAAP valuation for annuity products.
• Own end-to-end execution of valuation processes, including assumption governance.
• Develop, maintain, and enhance actuarial models in GGY AXIS.
• Explain reserve movements and quarter-over-quarter results to finance and risk.
• Support regulatory/audit inquiries with exhibits, memoranda, and responses.
• Contribute to valuation infrastructure, controls, and automation as the business grows.
• Provide technical guidance and mentorship to junior actuarial staff.

Skills

GGY AXIS expertise

Mentoring junior staff

Statutory and GAAP valuation

PBR methodologies

Complex workstream management

Mentoring junior staff

Education

FSA designation

Tools

GGY AXIS

Job description

What We Are Looking For

We are seeking an experienced annuity valuation actuary to join our team. This role plays a critical part in ensuring the accuracy, consistency, and integrity of annuity valuation results, supporting financial reporting, regulatory compliance, and internal risk management. The Valuation Actuary will be a key technical contributor in production valuation processes, partnering closely with finance and risk stakeholders while helping to strengthen controls, documentation, and valuation infrastructure as the company continues to grow. This role reports to the VP, Valuation and is required to be onsite 3 days a week at our Durham, NC office.

What You Will Do

• Perform and review Statutory and GAAP valuation for annuity products
• Own end-to-end execution of valuation processes, including assumption governance, model execution, results validation, and documentation
• Develop, maintain, and enhance actuarial models in GGY AXIS, supporting both BAU production and analytical initiatives
• Partner closely with finance, risk, and modeling teams to explain reserve movements, emerging experience, and quarter-over-quarter results
• Support regulatory and audit engagements, including preparation of exhibits, memoranda, and responses to inquiries
• Contribute to the continued evolution of valuation infrastructure, controls, and automation as the business scales
• Provide technical guidance and informal mentorship to junior actuarial staff

What We Provide

• Salaried, DOE
• Long-Term Incentive Plan
• Full-Time
• Full Benefits Package Available

What We Believe

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

What We Require:

• Deep expertise and experience with GGY AXIS, including hands-on model development, maintenance, and production runs for life insurance or annuity or long-term care products
• FSA designation with a strong foundation in life and annuity valuation
• 10+ years of actuarial experience, with significant exposure to statutory and/or GAAP valuation
• Strong understanding of U.S. Statutory and U.S. GAAP accounting frameworks. Understanding of Bermuda EBS framework a plus
• Deep understanding of PBR methodologies such as VM-20 or VM-21 or VM-22
• Ability to independently manage complex workstreams and deliver high-quality results under tight timelines
• Ability to mentor and train junior staff on: GGY AXIS modeling; U.S. Statutory and GAAP frameworks; Connect actuarial deliverables to broader business results and, P&L.