Kuvare Holdings ยท 1 day ago
Director, Actuary
Cedar Rapids, IA
Full-time
Onsite
Mid, Senior Level
5+ years expKuvare Holdings is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement. The Actuarial Director will lead the actuarial team in various specialties, including valuation, pricing, product management, and risk management, while overseeing junior staff and contributing to the development of actuarial methodologies.
Asset ManagementFinanceInsurance
Responsibilities
Prepare, monitor, and analyze reserve trends monthly on GAAP, statutory, and tax accounting bases
Develop management reporting for existing business
Assist/Manage preparation of Statutory Annual and Quarterly Statements
Organize and prepare Valuation results for management review
Lead efforts or assist in gathering information and analysis for external auditor inspections
Develop methodology memos, change memos, management presentations on topics as needed
Organize and Maintain AXIS pricing model(s) to provide robust pricing and new business value analyses
Support rate setting and other non-guaranteed elements (NGE) process; perform analysis to support business decisions, signoff, and implementation
Monitor emerging product experience, manage actuarial assumptions and identifying any new risks
Coordinate and lead cross-functional initiatives related to product development and reporting
May Oversee Life and/or Annuity product illustrations; provide support to Customer Service on exemptions and escalated requests
Develop relationships with internal and external distribution (sales) stakeholders
Manage projects and stakeholders to promote timely and effective progress on key initiatives
Responsible for designing and pricing of new products
Support Reinsurance efforts for risk sharing, analysis of existing and potential treaties, developing relationships with counterparts at reinsurers
Support filing of new products
Ensure products are built appropriately in administration system and validating test cases
Produce, present, and improve monthly business monitoring reporting
Provide insight and analysis to inforce experience trends
Oversee monthly crediting rate package and process
Coordinate with ALM and System on data and result analysis
Assist in the development and analyze annual Illustration Actuary testing models
Review special policy illustration requests
Assist on Product related projects and requests
Build and review model inputs to support financial projection capability
Execute and monitor model projections including troubleshooting model calculations
Analyze model output ensuring accuracy with intended model purpose
Build and maintain tools to assist in result analysis
Update quarterly stress testing results and compare versus risk appetite and limit
Monitoring investment portfolio to ensure compliance with guidelines and limits
Monitor asset and liability duration, report mismatches outside of tolerance
Prepare weekly hedging file, monitor hedge position and results
Where guidelines or limits are breached, recommend alternative remediation plans as needed
Assess reasonableness of reserves as new blocks of business are acquired
Assess product features and determine product management strategies as new blocks of business are acquired
Build efficiencies through programming solutions in all aspects of model input and output data manipulation
Assist in the development and production of the Own Risk and Solvency Assessment
Assess the impacts of an alternate investment or reinvestment strategy and recommend changes as needed
Assist in the development of optimization macros and recommend methods to improve hedging and ALM efficiency
Qualification
Required
BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
FSA designation or near FSA designation
A minimum of 5 years of relevant full-time insurance actuarial experience is expected
Strong analytical and problem-solving skills
Strong business and collaboration skills
Proficiency in MS Office (Excel, Access, Word, PPT)
Demonstrated ability with Actuarial software is a plus (e.g., AXIS, MG-ALFA, ARCVal)
Excellent verbal and written communication skills
Flexible can-do attitude, willing to help out with all types of tasks in an ever-changing environment
Passion to learn new things and design new solutions
Work both independently and as part of a team
Preferred
AXIS skills strongly preferred for Pricing & Product Development role
Company
Kuvare Holdings
Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so.
201-500 employees
H1B Sponsorship
Kuvare Holdings has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (2)
2024 (4)
2023 (2)
Funding
Current Stage
Growth StageTotal Funding
unknown2016-03-11Private Equity
Leadership Team
Dhiren Jhaveri
President & CEO
Recent News
2024-04-10
2024-04-10
2024-04-10
Company data provided by crunchbase