What are the responsibilities and job description for the Valuation Actuary Leader 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 :
We are seeking a highly skilled and experienced Actuarial Valuation Leader to join our team. The Actuarial Valuation Leader will play a pivotal role in ensuring the accuracy and integrity of our group wide annuity valuation processes, providing valuable insights to support strategic business initiatives and regulatory compliance. This role will lead production valuation processes to support the financial reporting process for all the entities in the group. This role reports to the Aspida Life Insurance Company Chief Actuary and is required to be onsite 3 days a week at our Durham, NC headquarters.
What You Will Do :
- Actuarial Valuation Oversight : Lead the actuarial valuation team in performing timely and accurate valuations of annuity liabilities, ensuring compliance with relevant accounting and regulatory frameworks including : US Stat, Bermuda EBS, US GAAP.
- Model Development and Governance : Collaborate with cross-functional teams to develop and enhance actuarial models. This includes providing oversight over methodologies used in calculating liabilities under regulatory requirements of multiple jurisdictions.
- Financial Reporting Support : Partner with finance and accounting teams to provide actuarial expertise and support for financial reporting processes, including preparing actuarial reports, disclosures, and supporting documentation for regulatory filings for multiple legal entities.
- Regulatory Compliance : Stay abreast of regulatory developments and changes in accounting standards related to annuity valuations, assess their impact on our business, and implement necessary changes to ensure compliance.
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 :
