Sr. Actuary, Valuation

Aspida Holdings Ltd.; Durham (NC); On-site; Full time

Benefits offered by this job

Long-Term Incentive Plan

Full Benefits Package Available

Job summary

A financial services company based in Durham, NC is looking for an experienced annuity valuation actuary to ensure the accuracy and consistency of valuation results. This role involves performing and reviewing Statutory and GAAP valuations, managing valuation processes, and enhancing actuarial models. Candidates must have an FSA designation and over 10 years of actuarial experience, particularly in life insurance or annuity products. The position offers a full-time salaried role with benefits, and requires onsite work three days a week.

Qualifications

• 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.
• Ability to independently manage complex workstreams and deliver high-quality results.

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.

Skills

GGY AXIS modeling

Statutory and GAAP valuation

PBR methodologies

Mentoring and training junior staff

Education

FSA designation

Tools

GGY AXIS

Job description

Overview

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn.

Who We Are: Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

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.

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.