What are the responsibilities and job description for the Sr. Associate Actuary, Pricing position at Aspida?
Description
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
As a Senior Associate Actuary reporting to the AVP of Pricing Development, you’ll play a pivotal role in pricing competitive retirement solutions for a fast-growing, tech-forward insurer. You’ll contribute to key initiatives that impact company financials, while enjoying the flexibility to innovate—streamlining and automating processes to boost team efficiency and accelerate results.
This role reports to the AVP of Pricing Development and is required to be onsite 3 days a week at our Durham, NC office.
What You Will Do
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:
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
As a Senior Associate Actuary reporting to the AVP of Pricing Development, you’ll play a pivotal role in pricing competitive retirement solutions for a fast-growing, tech-forward insurer. You’ll contribute to key initiatives that impact company financials, while enjoying the flexibility to innovate—streamlining and automating processes to boost team efficiency and accelerate results.
This role reports to the AVP of Pricing Development and is required to be onsite 3 days a week at our Durham, NC office.
What You Will Do
- Research, model, and price new products to ensure competitiveness and profitability. This may include ad hoc feasibility assessments requiring significant actuarial judgment as well as participation in the product development process.
- Implement and test new models and analyze results, to ensure compliance with the evolving regulatory landscape:
- Review, test, refine, and integrate LDTI models provided by consultants; analyze GAAP income patterns and recommend updates to adjusted earnings definition.
- Develop VM-22 models for existing MYGA and FIA products; assess impact of regulatory changes on reserves and profitability, and work with manager to recommend adoption timeline.
- Model reinsurance contracts to support strategic efforts.
- Automate pricing processes for new products and work with team to integrate automation into ongoing workflows.
- Collaborate with your manager to build and execute plan for integrating AI into pricing processes to enhance speed, accuracy, and insight.
- Salaried, DOE
- Long-Term Incentive Plan
- Full-Time
- Full Benefits Package Available
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:
- ASA designation, working toward FSA.
- 5 years actuarial experience including work with fixed and/or buffered annuity products.
- Significant experience with AXIS.
- Working knowledge of at least one of LDTI or VM-21/VM-22.
- Strong analytical and communication skills—able to find and explain root causes for observed financial results.
- Curiosity, ownership, and bias for action consistent with Aspida’s culture—Get $#! Done, Do It with Moxie, Have Fun.
- Those with more or less experience than listed or meeting most of the requirements are encouraged to apply. Title will be commensurate with experience.
- Skills in R/Python/SQL/AI processes for data manipulation and automation.
- Familiarity with all of LDTI, VM-22, and AG33.
- Working knowledge of hedging strategies.