What are the responsibilities and job description for the Quality Assurance Actuary position at Aspida Financial Services LLC?
Job Description
Job Description
Description :
Company Description :
Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $16.6 billion as of June 30, 2024 . Aspida, through its U.S. platform – Aspida Life Insurance Company – is focused on leveraging technology and agility to help clients achieve – and protect – their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions. Aspida seeks to be a trusted partner in its clients’ financial security while driving its growth by doing good for the communities it serves. Aspida is backed by Ares Management Corporation, which, through the Ares Insurance Solutions team, provides dedicated investment management, capital solutions and corporate development support. For more information, please visit aspida.com or follow them on LinkedIn, Facebook.
Who We Are :
Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.
Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets : Get $#! Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com / careers.
What We Are Looking For :
The Quality Assurance Actuary plays an integral role in launching new products and servicing existing business in a dynamic and innovative setting. In this role, you will support the product development and policy administration functions and ensure the accuracy of product features and calculations used throughout the organization. The ideal candidate is highly analytical, detail-oriented, technically capable, and a strong collaborator. This role is required to be onsite 3 days a week at our Durham, NC headquarters and will report to the Director of New Product Implementation.
What You Will Do :
- Development and maintenance of annuity product calculation engines
- Ability to convert annuity product concepts and features into technical requirements.
- Develop testing and validation tools for administrative and illustration systems.
- Modernization of existing tools
- Build test plans adequately cover policy scenarios and risks.
- Stress test product features and boundary cases.
- Policy statement support
- Work closely with cross functional areas.
- Particularly strong working relationships between actuarial, compliance, business quality assurance, and IT
- Implement quality control procedures and governance.
- Audit trails of annuity transactions
- Support and service inforce business and ad hoc requests.
- Educate various areas of the company on product features and mechanics
What We Provide :
What We Believe :
At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.
Requirements : What We Require :
