VP and Actuary, ALM

Kuvare Holdings; Cedar Rapids (IA); On-site; USD 260,000 - 340,000; Full time

Job summary

Kuvare Holdings in Cedar Rapids, IA seeks a VP and Actuary, ALM to lead the enterprise asset-liability management function, setting strategy, governance, and priorities to optimize liquidity, balance-sheet risk, and risk-adjusted performance.

You will partner with Actuarial, Finance, Investments, Risk, Legal, Operations, Tax, and reinsurers to align stakeholders and drive execution of ALM initiatives, including model governance and AXIS-based analytics.

Qualifications

• Deep understanding and current knowledge of ALM techniques, liquidity risk, hedging, capital management strategies, model governance, and enterprise balance-sheet decision-making.
• Strategic and critical thinker with sound judgment and strong analytical curiosity.
• Exceptional executive communication skills to translate complex actuarial, investment, and risk topics for senior management.
• Demonstrated ability to lead cross-functional teams, influence senior stakeholders, and build alignment around enterprise decisions.
• Proven ability to coach and develop a high-performing team and manage performance.
• Self-starter with entrepreneurial spirit and ability to deliver results under pressure.
• Experience advising senior management and translating balance-sheet risks into strategic recommendations.

Responsibilities

• Lead ALM discussions with executive management and governance committees, presenting risk assessments and strategic recommendations.
• Monitor regulatory, accounting, rating agency, and market developments affecting ALM and translate into priorities.
• Partner with Investment team to develop strategies aligning asset deployment with liabilities and capital objectives.
• Develop and improve analytics, tools, and reporting to deepen ALM insight for timely decisions.
• Oversee ALM model governance for AXIS, including data quality, documentation, and change management.
• Ensure investment data accuracy and prepare monthly, quarterly, and annual reports.

Skills

ALM techniques

Executive communication

Cross-functional leadership

Strategic thinking

Analytical mindset

Problem solving

Education

Bachelor's degree in Actuarial Science or related field

FSA, MAAA or equivalent experience

Tools

AXIS

Job description

About the role

The VP and Actuary, ALM leads the enterprise asset-liability management function, setting strategy, governance, and priorities to optimize the ALM position, liquidity profile, and risk-adjusted performance of the company and its affiliates. The role advises senior management on balance-sheet risks, strategic trade-offs, and recommended actions.

Serves as the senior ALM advisor and strategic partner to Actuarial, Finance, Investments (KSI), Risk, Legal, Operations, Tax, and key external parties, aligning stakeholders on balance-sheet strategy, risk priorities, and execution.

What you'll do

The VP and Actuary, ALM is accountable for leading the ALM function and delivering the following strategic, governance, and execution outcomes:

• Leads ALM discussions with executive management and relevant governance committees, presenting risk assessments, strategic alternatives, recommendations, and decisions requiring escalation or approval.
• Monitors regulatory, accounting, rating agency, and market developments affecting ALM and translates emerging requirements and trends into timely strategic recommendations and implementation priorities.
• Leads partnership with the Investment team to develop investment and reinvestment strategies that align asset deployment with liability characteristics, risk appetite, capital objectives, and enterprise planning needs, including the business plan, embedded value, cash flow testing, and stress testing.
• Directs the development of optimization capabilities and evaluates alternative strategies, recommending actions that improve hedging effectiveness, ALM efficiency, capital utilization, and risk-adjusted performance.
• Sets the strategic direction and governance for asset modeling in AXIS, ensuring quarterly model builds support actuarial projections, enterprise decision-making, and the needs of the company and its affiliates.
• Sponsors the development and continuous improvement of scalable analytics, tools, and reporting that deepen insight into ALM performance and support timely executive decisions.
• Establishes and maintains the ALM governance framework, including methodology and change memoranda, management and board-level materials, decision records, and recommendations on emerging balance-sheet issues.
• Owns governance and controls for ALM systems and models, including AXIS, ensuring appropriate change management, data quality, documentation, validation, and operational resilience.
• Oversees investment compliance reporting to third parties, including reinsurers, and ensures reporting is accurate, timely, and supported by effective controls and escalation protocols.
• Measure, monitor, and report on ALM and hedge positions and results to ensure processes remain robust, effective, and compliant with approved guidelines, limits, and policies; develop and oversee remediation plans as needed.
• Leads the review and challenge of investment data for monthly, quarterly, and annual reporting. Ensures data accuracy, identifies underlying drivers and emerging trends, challenges assumptions, and communicates implications and recommended actions to senior management.
• Oversees investment-related assumptions and cash flow reliance statements provided to the Appointed Actuary, ensuring they are supportable, well documented, and aligned with enterprise ALM strategy.
• Provides leadership and direction to the ALM team by setting clear priorities, defining accountabilities, and aligning resources with enterprise objectives. Builds organizational capability through coaching, feedback, performance management, succession planning, and targeted development of actuarial and analytical talent. Establishes effective delegation and decision rights while remaining accountable for the quality, timeliness, and impact of the team’s work.

Qualifications

Experience

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related fields
• FSA, MAAA, with equivalent experience preferred
• 10+ years of progressive life insurance experience, including significant leadership responsibility in ALM and related actuarial disciplines such as product management, valuation, modeling, financial reporting, and systems. Experience advising senior management and translating complex balance-sheet risks into strategic recommendations is strongly preferred.

Skills/Competencies

• Deep understanding and current knowledge of ALM techniques, liquidity risk, hedging, capital management strategies, model governance, and enterprise balance-sheet decision-making.
• Strategic and critical thinker with sound judgment, intellectual curiosity, and the ability to make well-reasoned decisions amid complexity and uncertainty.
• Exceptional executive communication skills, with the ability to translate complex actuarial, investment, and risk topics into clear insights, recommendations, and decisions for senior management and other stakeholders.
• Demonstrated ability to lead cross-functional teams, influence senior stakeholders, resolve competing priorities, and build alignment around enterprise decisions.
• Demonstrated ability to lead, coach, and develop a high-performing team, including setting expectations, managing performance, providing actionable feedback, and building succession depth.
• Self-starter and strong entrepreneurial spirit
• Demonstrated ability to deliver results under pressure in a tight timeframe

Physical Demands

• Normal office working environment
• Occasional evening and weekend hours to meet deadlines
• Occasional travel is required
• Ability to sit for extended periods of time
• Ability to type / perform data entry
• Ability to read from a computer screen and paper reports
• Express ideas and otherwise communicate with the spoken word