Director, Actuary

Director, Actuary at Kuvare Holdings About Kuvare

Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.

• United Life Insurance Company
• Guaranty Income Life Insurance Company
• Lincoln Benefit Life

• Kuvare Life Re

• Ignite Partners

The Actuarial Directors are part of the Actuarial team. The team covers an array of specialties including Life and Annuity Valuation, Modeling and Forecasting, Pricing & Product Management, Asset Liability Management, and Enterprise Risk Management. The actuarial team hopes to continue to develop Fellows in the Society of Actuaries. As a director, it can be expected to have an area of specialization but will also have opportunities to work across specialty areas.

Supervision of actuarial students (either interns, associates, or senior associates) or other positions on either a project level or on a full-time reporting basis is possible.

• Prepare, monitor, and analyze reserve trends monthly on GAAP, statutory, and tax accounting bases
• Develop management reporting for existing business
• Assist/Manage preparation of Statutory Annual and Quarterly Statements
• Organize and prepare Valuation results for management review
• Lead efforts or assist in gathering information and analysis for external auditor inspections
• Develop methodology memos, change memos, management presentations on topics as needed

• Organize and maintain AXIS pricing model(s) to provide robust pricing and new business value analyses
• Support rate setting and other non-guaranteed elements (NGE) process; perform analysis to support business decisions, signoff, and implementation
• Monitor emerging product experience, manage actuarial assumptions and identify any new risks
• Coordinate and lead cross-functional initiatives related to product development and reporting
• May oversee life and/or annuity product illustrations; provide support to Customer Service on exemptions and escalated requests
• Develop relationships with internal and external distribution (sales) stakeholders
• Manage projects and stakeholders to promote timely and effective progress on key initiatives
• Responsible for designing and pricing of new products
• Support reinsurance efforts for risk sharing, analysis of existing and potential treaties, developing relationships with counterparts at reinsurers
• Support filing of new products
• Ensure products are built appropriately in administration system and validate test cases

• Produce, present, and improve monthly business monitoring reporting
• Provide insight and analysis to in-force experience trends
• Oversee monthly crediting rate package and process
• Coordinate with ALM and System on data and result analysis
• Assist in the development and analyze annual illustration actuary testing models
• Review special policy illustration requests
• Assist on product-related projects and requests
• Develop management presentations on topics as needed

• Build and review model inputs to support financial projection capability
• Execute and monitor model projections including troubleshooting model calculations
• Analyze model output ensuring accuracy with intended model purpose
• Build and maintain tools to assist in result analysis
• Develop management presentations on topics as needed
• Oversee senior actuarial associates, actuarial associates and possibly actuarial interns on technical model aspects

• Update quarterly stress testing results and compare versus risk appetite and limit
• Monitor investment portfolio to ensure compliance with guidelines and limits
• Monitor asset and liability duration, report mismatches outside of tolerance
• Prepare weekly hedging file, monitor hedge position and results
• Where guidelines or limits are breached, recommend alternative remediation plans as needed
• Develop management presentations on topics as needed

• Assess reasonableness of reserves as new blocks of business are acquired
• Assess product features and determine product management strategies as new blocks of business are acquired
• Build efficiencies through programming solutions in all aspects of model input and output data manipulation
• Assist in development and production of own risk and solvency assessment
• Assess the impacts of an alternate investment or reinvestment strategy and recommend changes as needed
• Assist in development of optimization macros and recommend methods to improve hedging and ALM efficiency

• BS in Actuarial Science, Mathematics, Finance,…