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Senior Assistant Actuary, Non-Traditional Valuation

Senior Assistant Actuary, Non-Traditional Valuation job! Our Client is one of the largest global providers of life reinsurance, with offices around the world. Our Client delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development. Their mission is to enhance their clients’ prosperity by supporting their financial and risk management capabilities.

Senior Assistant Actuary, Non-Traditional Valuation Job Summary

The Senior Assistant Actuary, Non-Traditional Valuation is a strong contributor within a high performing group focused on model development and maintenance for a wide range of US and International products underlying our Client’s Non-Traditional reinsurance treaties. This Senior Assistant Actuary, Non-Traditional Valuation job is not a “traditional valuation” role. This group supports many teams and wear many hats. It’s a very diverse team with a strong technical skillset that focuses a lot of effort on building new models/tools and improving the efficiency of processes. Moreover, a strong modeling background is preferred as well as annuities experience. Products include Variable and Fixed annuities, Fixed Index Annuities, SPIAs, and Longevity Swaps.

While the Senior Assistant Actuary, Non-Traditional Valuation focus is on modeling products and regulations for reporting and planning, the role also includes some elements of production and analysis of results, including US GAAP and Statutory reserves, Tax, Solvency II, ORSA, Cash Flow Testing, Economic Capital, and Embedded Value. The Senior Assistant Actuary, Non-Traditional Valuation role contributes to the enhancement of the financial models and infrastructure by developing and maintaining actuarial assumptions, methods, models, and processes used within the valuation team.

Pay is based on several factors including local market, a Candidate’s skills, and experience commensurate with a role, etc. Colorado residents’ salary range: $88,405 to $135,920 per year plus an annual bonus. A full range of competitive health and life insurance, retirement and other employee benefits are available. Our Client offers the ability for in-office, hybrid and remote work arrangements. Apply now for this excellent Senior Assistant Actuary, Non-Traditional Valuation job by following the instructions at the end of this Job description!

Senior Assistant Actuary, Non-Traditional Valuation Duties and Responsibilities

  • Assists with development, maintenance, and/or reviews actuarial models as they relate to product features, regulations, and reporting in Prophet and other applications.
  • Moreover, assists with ensuring models are compliant with Statutory, Tax, and GAAP regulations for non-traditional business, including documentation.
  • Adheres to the standard model governance and documentation frameworks.
  • In addition, assists with troubleshooting and answering questions coming from the reporting/analysis teams on model characteristics and behavior.
  • Also, serves as a liaison with other valuation, pricing, administration, systems, accounting, audit, and finance associates.
  • Performs valuation work and ad-hoc department projects as needed and called upon.

Senior Assistant Actuary, Non-Traditional Valuation Education and Experience


  • Bachelor’s degree in Math, Finance, Actuarial Sciences, Statistics or related field.
  • Also, ASA accreditation.
  • Pursuit of FSA designation with at least 1 FSA-level exam passed.
  • In addition, 4+ years actuarial experience in life insurance/reinsurance valuation and/or financial reporting (GAAP, Statutory, and Tax).


  • Moreover, willingness to pursue FSA accreditation or equivalent.
  • MAAA accreditation.
  • 5+ years of actuarial experience in the life insurance/reinsurance industry.
  • In addition, life insurance/reinsurance industry and product knowledge.
  • Familiarity with fixed income investments, understanding of asset modeling techniques and capital markets.
  • Also, experience with actuarial valuation or projection models.
  • Experience with stochastic modeling and/or asset liability management experience.
  • Furthermore, familiarity with deferred and immediate annuities, including equity-indexed and/or variable annuities.
  • Understanding of pension and other longevity products.

Skills and Abilities


  • Advanced PC and technical skills, including database applications (Access, Oracle, SQL or equivalent technology), spreadsheets, or statistical programs.
  • Moreover, familiarity with actuarial software such as Prophet, MoSes, MG-ALFA, Algo FM, TAS, AXIS, or equivalent.
  • Ability to multi-task and meet tight deadlines.
  • In addition, ability to balance detail with departmental goals/objectives.
  • Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates.
  • Moreover, advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, finance, accounting, systems, and administration.
  • Competent project management skills: demonstrates an ability to evaluate project objectives and scope for feasibility and understanding.
  • Also, ability to model various insurance products and reinsurance structures.
  • Complex analytical and problem-solving skills.
  • Advanced knowledge of life insurance, longevity, institutional and/or annuity products.
  • Moreover, knowledge of GAAP, Statutory, and Tax valuation and financial reporting.
  • Ability to work independently and to work well within a team environment and participate in department projects.


  • Expertise in Prophet with experience using liability libraries such as US 360, GAAP cohort, summary, and/or ALS.
  • Advanced understanding of local regulatory environments and US GAAP accounting standards.

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