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    VP, Actuary - Norwalk, United States - Wilton Re

    Wilton Re
    Wilton Re Norwalk, United States

    2 weeks ago

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    Insurance
    Description

    VP, Actuary

    Full Time

    Norwalk, CT

    Position Summary:

    An excellent opportunity to be a part of a rapidly growing life insurance and reinsurance company's dynamic Finance team. This position is a key role within the valuation function of the organization and may have appointed actuary responsibilities.

    This role would be involved in a broad spectrum of actuarial projects and tasks. This role requires the following:

    · Deep understanding of US Statutory, Tax, and GAAP reserve and NAIC required capital calculations for life, annuity, and long-term care products

    · Compliance with regulatory requirements and filings (e.g., annual statements, asset adequacy testing, principle-based reserving, actuarial guidelines)

    · Strong management skills, with proven track record of managing high-performing actuaries at various levels

    · Excellent communication skills, both verbal and written

    · Strong critical, analytical, and strategic thinking and able to provide valuable insights to support business decisions

    · Self-motivated, able to work both independently and collaboratively, and able to prioritize required tasks appropriately

    Role Responsibilities:

    • Manage, review, and analyze quarterly US Statutory, GAAP, and Tax reserves, capital, and related balances for a variety of life insurance and annuity products, including actual-to-expected analysis, adhering to regulatory and Company requirements and guidelines
    • Manage the annual asset adequacy testing and required filings (e.g., cash-flow testing, principle-based reserving, Actuarial Guideline filings)
    • Collaborate with other areas of Finance and the Company, to incorporate their inputs into the valuation process, and provide actuarial output and support to others for reporting, analysis, decision-making, and implementing financial strategies
    • Support the Company's LDTI implementation, all model conversions from CASE and MG-ALFA to GGY-AXIS, and results analysis
    • Experience analysis and assumption proposal and implementation
    • Implement and/or test process and model improvements and updates
    • Interact with regulators and auditors during examinations and audits, addressing inquiries, and providing necessary documentation

    Basic Qualifications:

    • Minimum of 10-15 years of US Statutory and GAAP reserving, capital, and financial reporting experience within the life insurance industry
    • Experience with actuarial modelling systems, preferably GGY-AXIS, MG-ALFA, and CASE

    Required Education / Certifications:

    • FSA designation
    • MAAA membership preferred

    Pay/Location:

    Norwalk, CT

    Hybrid Structure

    Minimal to no travel required

    Base salary/hourly rate range for this position in Connecticut is between $175,000 and $225,000. Please note that specific compensation decisions are based upon a variety of job-related factors as permitted by law, including geographic location, credentials, skills, education, training and experience.

    Wilton Re strives to attract, develop, and retain a diverse workforce. We are committed to providing an inclusive and accessible work environment where all associates feel valued, respected, and supported. Our commitment to inclusivity is reflected in the safeguards, policies and commitments we have in place to remove barriers and provide equal opportunities to prospective and current associates, without discrimination.

    A Human Resources representative is available to consult with applicants who require accommodation in the application or recruitment process. Any information shared by the applicant about an accommodation will be treated as confidential.

    To All Recruitment Agencies: Please do not send any resumes or solicitations regarding open positions to Wilton Re employees unless you have been requested to work on this position or other positions with Wilton Re; please reach out to your main point of contact. Wilton Re is not responsible for any fees related to unsolicited resumes.

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