Associate Actuary -- Assumptions

This position will play a key role in determining Venerable’s variable annuity assumptions used to model mortality and policyholder behavior. Primary responsibilities will include monitoring experience trends, recommending assumption updates, and presenting recommendations to senior leadership for select deferred and payout variable annuity assumptions as well as playing an integral part in the transformation of Venerable’s assumption setting processes. This position will also participate in our Actuarial Student Program. Primary responsibilities: Interpret trends in experience data and propose assumption recommendations with rationale. Types of riders are GMDB, GMIB (Traditional and Hybrid), GMWBL, GMWB and GMAB Assumptions may include, but are not limited to deferred mortality, payout mortality, lapse, partial withdrawals, GMIB annuitizations and GMWB utilization Review experience study data for accuracy and completeness and implement additional controls as necessary. Drive for accuracy, consistency, and improvements within various experience studies. Ensure that any changes to experience study processes, particularly those in spreadsheets, are incorporated appropriately as transparent and repeatable processes with controls. Develop and present decks and detailed memorandums seeking assumption proposal approval from senior management. Contribute to the timely and accurate reporting of mortality and policyholder behavior experience. Perform quarterly data reconciliation of experience studies data to other data sources. Maintain updated documentation on all processes. Collaborate with the modeling team to implement recommended assumptions into models. Support structural, design and process improvements to experience studies through partnering with IT and outside vendors on prioritized transformation projects. Provide support for internal and external audits, including walkthroughs and responses to questions from auditors. Interact and collaborate with highly skilled staff both internally (e.g., IT, Valuation, Finance) and externally (e.g., modeling outsourcing partner). Support future transactions by performing various analyses related to experience studies. Key Qualifications needed: Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline. ASA, Career ASA or newly credentialed FSA. 5-6 years financial, insurance industry, or actuarial experience. Excellent computer skills are required: Advanced knowledge of Microsoft Excel, proficient in SQL Server, Microsoft PowerBI, R, or Python, experience with Microsoft PowerPoint is a plus. Strong analytical skills or advanced knowledge of actuarial concepts; ability to use this knowledge to lead/develop solutions to adhoc requests or issues. Solid understanding of insurance products, regulations, or insurance company structure from prior experience. Strong oral and written communication skills to readily and effectively collaborate with peers, managers, shares information and asks questions. Ability to manage competing priorities and deadlines. Strong desire to learn and grow; willing to rotate to other actuarial roles. Experience with improving and optimizing processes and reflecting appropriate controls. Prior experience with variable annuity products preferred. Ability to work in a cross-functional team environment. #LI-DP1 Venerable Values: Every position at Venerable has responsibility for living out the company's values as described here: We are Courageous - We think critically, ask "why?" and seek out creative solutions. We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking. We are Connected - We are connected to each other, our customers and our community. Competitive Compensation, Benefits, Current Hybrid Work Schedule and a Generous PTO Package! Introduce Yourself To Our Team Of Recruiters Are you interested in joining the Venerable team but don't see a job posting that aligns with your goals? Introduce yourself to our recruiters for consideration in future positions below. Would you like to be alerted if a new job is posted? Set a custom job alert that aligns with your career aspirations. Click on "Job Alerts" in the top right corner of this screen to get started. Not seeing it? You have to be signed in to your Candidate page. To do this click on "Sign In" in the top right corner of page. Founded in 2018, Venerable owns and manages legacy annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd. Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. We provide innovative risk transfer solutions to companies with variable annuity blocks who seek to rebuild a secure financial future. We will be the answer for companies focused on long term prosperity. Together, we are visionaries. We embrace change, overcome challenges and act like owners. We inspire, support and empower one another. We thrive on trust, decisiveness and transparency. We are committed to dismantling and eliminating systemic racism and invested in ensuring change is constantly evolving. As an organization, Venerable stands by our core values and consistently works to sustain an equitable environment where diverse perspectives and backgrounds are core to ensuring organizational success. Our Equity, Diversity, and Inclusion program involves colleagues from throughout our organization and is focused on five core topics to drive change - Education and Perspective Seeking, Training, Investments, Volunteerism, and Human Resource Practices. We are also proud members of CEO Action for Diversity & Inclusion, participants in supporting events in the communities in which we operate, and contributors to the Society of Black Actuaries and Federation of Iowa Insurers Race and Insurance working group.