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Whether they're helping people reach their long-term financial goals or providing personal wealth management strategies, every associate contributes to changing the lives of those we serve for the better. When it comes to job satisfaction, that's hard to beat. And from a personal satisfaction perspective, you'll enjoy the freedom to support causes that matter to you and experience a truly inclusive work environment. Your future starts now.

The VP Modeling Center of Excellence proactively leads and manages all actuarial modeling efforts within the Corporate Actuarial team. This position oversees and manages the experience study process and works with the Chief Actuary to continue the evolution of this function in terms of governance and consistency with best practices. The VP Modeling leads transformation efforts to incorporate advanced analytics into models, leading to innovative solutions to further Empower's strategic mission.

This leader has overall accountability of the actuarial models while working closely with various stakeholders (e.g. Head of Valuation, Head of ALM, Risk and Investments) to achieve innovative modeling solutions and processes to meet business needs and regulatory changes.

What you will do

• Proactively manage model development and ensures quality and timeliness of modeling deliverables. The modeling use cases include but are not limited to: IFRS financial reporting reserves/metrics, U.S. Statutory reserves and related regulatory analyses such as the modeling supporting asset adequacy analysis, tax reserves, and asset-liability management metrics and related strategic analyses.

• Instill best practices in terms of model inputs, model updates, technical criteria, report templates, validation and review, etc.

• Work in collaboration with our Actuarial Transformation team, identify and execute upon process improvements relating to all actuarial models.

• Collaborates with all stakeholders including ALM, Risk, Valuation, Actuarial Operations, Finance, etc.

• Constantly seek efficiency across actuarial models in terms of modeling approaches, management of model update processes, etc.

• Promote and develop cross-training efforts to develop skills of all team members across all actuarial model platforms (i.e. primarily Axis and MG-Alfa)

• Mentor and develop team members.

What you will bring

• Bachelor's degree required (actuarial science, mathematics, statistics or similar background requiring modeling, programming or quantitative analysis)

• FSA required

• Minimum 20 years of work experience

• Extensive background in actuarial modeling, including modeling of the spectrum of asset classes and modeling of retirement products (e.g. stable value, annuities, etc.) and life insurance business

• Exposure to best practices for experience studies

• Modeling skills - preferably ALFA or AXIS

• Strong organizational and communication skills

• Possesses strong leadership skills and ability to proactively manage and nurture junior resources.

• Has developed depth and or breadth of expertise in own discipline (i.e. actuarial modeling) and broad knowledge of retirement products.

• Strong expertise in actuarial modeling and systems

• Strong knowledge of financial statements and underlying calculations/modeling thereof (e.g., IFRS, US Statutory, US Taxation)

***Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.***

What we offer you

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

• Medical, dental, vision and life insurance
• Retirement savings - 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
• Tuition reimbursement up to $5,250/year
• Business-casual environment that includes the option to wear jeans
• Generous paid time off upon hire - including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
• Paid volunteer time - 16 hours per calendar year
• Leave of absence programs - including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
• Business Resource Groups (BRGs) - internal networks that rally around common interest, experiences and identities such as race, ethnicity, gender, ability, military status and sexual orientation. BRGs play a vital role in educating and engaging our people and advancing our business priorities.

Base Salary Range

The salary range above shows the typical minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Equal opportunity employer * Drug-free workplace

We are an equal opportunity employer with a commitment to diversity. All individuals, regardless of personal characteristics, are encouraged to apply. All qualified applicants will receive consideration for employment without regard to age (40 and over), race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.

***For remote and hybrid positions you will be required to provide reliable high-speed internet with a wired connection as well as a place in your home to work with limited disruption. You must have reliable connectivity from an internet service provider that is fiber, cable or DSL internet. Other necessary computer equipment, will be provided. You may be required to work in the office if you do not have an adequate home work environment and the required internet connection.***

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