Apply on Employer Site

Wellabe · 3 months ago

AVP Actuary Valuation & Modernization- Hybrid- Des Moines, Iowa

Des Moines, Iowa, United States

Full-time

Hybrid

Mid, Senior Level

7+ years exp

Wellabe is looking for an AVP Actuary Valuation & Modernization to join their team. This role involves providing leadership and direction to the actuarial function, ensuring proper reserves are established, and overseeing continuous improvement of actuarial processes.

Financial ServicesHealth InsuranceInsuranceMental Health

Responsibilities

Oversees the preparation and interpretation of actuarial data and related formulae. Provides advice and counsel regarding complex actuarial situations

Ensures compliance with statutory reserve requirements

Directs monthly/quarterly/annual close for actuarial items, including valuation of reserves for all Wellabe entities and review of NAIC risk-based capital calculations

Supports financial reporting and analysis for management and the board

Ensures adherence to all MAR controls related to reserves

Maintains appropriate documentation of actuarial processes and work products

Drives automation and use of AI to improve actuarial and reporting processes

Serves as Deputy / Successor Appointed Actuary, progressing to signing responsibilities upon meeting American Academy of Actuaries qualification standards

Build and lead a high performing team (approx. 3–5 actuarial professionals), overseeing workflow, providing feedback, fostering a positive work environment, developing staff, and hiring as needed

Collaborates with Accounting, Internal Audit, Risk, Modeling, and Data Asset Management to ensure accuracy and integrity of Finance work products

Partners with Finance/Legal on reinsurance accounting, treaty implementations, and related disclosures; ensures valuation consistency for ceded/assumed blocks

Provides thought leadership to the broader Finance organization

Qualification

FSA designationUS statutory valuationUS GAAP (LDTI) valuationActuarial modeling softwareAdvanced actuarial skillsMS Office SuiteAnalytic skillsCommunication skillsProblem-solving skillsOrganizational skills

Required

Bachelor's degree with at least a minor in mathematics, statistics, actuarial science, or computer science

7+ years' actuarial experience with deep expertise in US statutory and US GAAP (LDTI) valuation; strong command of asset adequacy analysis/CFT, RBC, reserve governance, and controls

Experience with actuarial modeling software

Must have exceptional written and verbal communication skills, including the ability to speak to executive and board level officers in formal settings

Advanced actuarial skills on reserving, experience analysis, data management, and reporting

Advanced knowledge of insurance products, operations and existing regulations, awareness of legal, political, economic and environmental impacts on the insurance products and operations

Strong aptitude for understanding technical solutions and learning/utilizing tools

Advanced knowledge of MS Office Suite (Excel, Word and PowerPoint)

High ability to solve problems and work under pressure

Strong analytic and critical thinking skills backed by exceptional ability to articulate and defend complex ideas and strategies to non-technical audiences in order to assure maximum understanding and positive impact of ideas

Demonstrated success working in cross-functional collaborative teams and in working with senior management

Strong organizational skills with a drive for transparency and efficiency