What are the responsibilities and job description for the Modeling Actuary position at Aspida?
Company Description:
Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn.
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 dedicated Modeling Actuary to support our actuarial model infrastructure. This role is a crucial part of our in-force actuarial team, focusing on the development, maintenance, and enhancement of our actuarial models. This position will play a key role in building and optimizing our in-force valuation and projection platform. This role reports 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:
- Responsible for maintaining and improving existing actuarial models, and model governance.
- Oversee implementation of new products or reinsurance blocks into the model infrastructure.
- Implementation of new/enhanced reserve methodologies.
- Implement assumption updates and quantify impacts.
- Stays informed regarding industry trends and information relating to modeling infrastructure.
- Partners with actuarial resources across the organization to work on special projects as needed.
What We Provide:
- Salaried, DOE
- Full-Time
- Full Benefits Package Available
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:
- Experience with GGY Axis or other actuarial modeling systems.
- Proficient with R, Python, or a similar statistical software or programming languages.
- Associate or Fellow of the Society of Actuaries.
- Knowledge of US Statutory, US GAAP Accounting Principles, Bermuda EBS.
- Excited to join a collaborative team.
- Strong technical and analytical skills.
- Eager to learn new skills, approaches and techniques to solving problems.
- Clear and concise verbal and written communication skills.
