Hybrid Director, Sr. Actuarial Manager -- Financial Risk Management bei Venerable

This new position will lead an actuarial staff within the Financial Risk Management team, which is tasked with monitoring, analyzing and investigating financial risks that may arise through the course of the Company’s business.  Such risks may arise naturally through our VA reinsurance and hedging operations, other product lines, or from external sources including regulatory changes and economic factors.

The successful candidate will ideally have a broad understanding of financial reporting from a whole company perspective while also having a strong command of technical details – particularly around variable annuities, their valuation and hedging of their related embedded guarantees. This role offers opportunities to engage with senior management, other departments across the Finance and Risk functions, and external vendors.

This role is located in Venerable’s West Chester, PA office which operates on a hybrid in-office schedule.

The successful candidate will lead an actuarial team whose responsibilities include:

• Regular quarterly stress testing of whole company performance under a variety of extreme economic scenarios.  Investigation, quantification and assessment of open risks.

• Tracking daily hedging performance and reconciling to reported monthly financial results

• Participating in monthly financial reporting cycle – challenging results and investigating trends

• Ownership and maintenance of an “asset buy/sell” model which is used to manage the balance sheet impacts of buying and selling assets in coordination with our hedging program

• Supporting analysis of valuation related special projects and regulatory changes

• Work with internal teams and external vendors to support new and existing reinsurance transactions or other growth initiatives

• Monthly reporting of financial results under an alternative “adjusted risk-neutral” framework

• Periodic risk reporting to management, investors and regulators

• Working with the broader FRM team to support daily hedge reporting and market attributions

Required Qualifications:

• Self-starter with the ability to use own knowledge to challenge the current approach and develop and execute upon solutions to complex actuarial problems

• Detail oriented and strong analytical problem-solving skills to make informed decisions

• Experienced managing technical staff

• Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline

• FSA or Career ASA

• 7+ years financial, insurance industry, or actuarial experience

• Deep knowledge of variable annuity products - modeling, hedging, and valuation

• Prior experience with annuity insurance products and regulations based on roles in pricing, modeling, valuation, risk management, inforce management, experience studies, or hedging

• Advanced knowledge of financial mathematics, derivative pricing theory, rate & equity derivative instruments preferred

• Excellent computer skills:  Excel, databases, actuarial projection/valuation software, programming (e.g. Python, VBA, SQL)

• Ability to appropriately and professionally communicate complex concepts across multiple and varied audiences

• Ability to manage competing priorities and deadlines

• Strong desire to learn and grow with a curiosity to gain expertise in other actuarial areas

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