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Reliance Matrix · 23 hours ago

Vice President, Valuation Actuary

Philadelphia, PA

Full-time

Hybrid

Senior Level, Lead/Staff

$174K/yr - $232K/yr

10+ years exp

Reliance Matrix is seeking a Vice President, Valuation Actuary to oversee the actuarial valuation and financial reporting for their Group Benefits segment. The role involves leading a team of actuaries, ensuring compliance with financial standards, and developing models for strategic decision-making.

Employee BenefitsFinancial ServicesInsuranceMental HealthRetirement

Responsibilities

Leads valuation of Reliance Matrix’s reserves ensuring they are completed timely, coordinated, and reviewed with management & Reserve Committee and in accordance with appropriate accounting standards including GAAP, IFRS 17, and Statutory

Reviews valuation assumptions and methodologies and recommends changes when necessary

Oversees reserve adequacy for all Group Benefits products

Prepares presentations and communicates reserving results and underlying support details to TMHD, DFG, and RM senior leadership

Participates in model governance, internal controls, and audit readiness activities and servers as the primary contact for reserving communications and discussions with both internal and external auditors

Evaluates and communicates critical emerging trends affecting valuation reserves and coordinates with pricing actuaries, as applicable

Build, develop, and maintain models as well as generate, analyze and report results as needed

Responsible for ensuring that actuarial standards of practice are applied to models

Responsible for evaluation of models to enhance better predictions

Regularly utilize very complex/calculation intensive models with strong computational power

Regularly monitor updates to principle based reserving and update as necessary

Responsible for ensuring models are compliant with applicable regulatory requirements and adjust as needed

Responsible for being the lead actuarial contact for state exams

Accountable for performance of team of actuarial professionals that support key business segment at Reliance Matrix. Engages team members in talent management and development opportunities, and builds a positive and respectful work environment

Makes personnel decisions on hiring, firing, discipline, transfer, advancement, and promotion in accordance with company policies and procedures

Manages the responsibilities/priorities of the actuarial valuation team

Models and drives RM’s values

Coordinates with TMHD to leverage actuarial rotational program participants among RM staffing, as available and applicable

Manage a team of 5-7 actuaries

Be ready to step into the VP, Valuation Actuary & Reinsurance role within 1-3 years

Qualification

Fellow of the Society of ActuariesIFRS 17 knowledgeGAAP knowledgeStatutory accounting knowledgeData analysis skillsModeling skillsRisk management techniquesAnnuity valuationSenior managementOral communication skillsWritten communication skillsPresentation skillsTeam leadership

Required

Fellow of the Society of Actuaries (FSA)

Membership in the American Academy of Actuaries (MAA)

Minimum of 10 years of directly related actuarial experience with Group Benefit insurance, including Long Term Disability, Short Term Disability, Group Life, and supplemental health products

Familiarity with IFRS 17, GAAP, and Statutory accounting basis

Strong analytical and technical skills related to data analysis, modeling, and risk management techniques

Strong oral and written communication skills and ability to prepare and deliver presentations to senior management

Preferred

Experience with annuity valuation is a plus

Prior experience in working with senior management and/or Board of Directors a plus

Benefits

An annual performance bonus for all team members

Generous 401(k) company match that is immediately vested

A choice of three medical plans (that include prescription drug coverage) to suit your unique needs. For High Deductible Health Plan enrollees, a company contribution to your Health Savings Account

Multiple options for dental and vision coverage

Company provided Life & Disability Insurance to ensure financial protection when you need it most

Family friendly benefits including Paid Parental Leave & Adoption Assistance

Hybrid work arrangements for eligible roles

Tuition Reimbursement and Continuing Professional Education

Paid Time Off – new hires start with at least 20 days of PTO per year in addition to nine company paid holidays. As you grow with us, your PTO may increase based on your level within the company and years of service.

Volunteer days, community partnerships, and Employee Assistance Program

Ability to connect with colleagues around the country through our Employee Resource Group program