Associate Actuary, ERM at Aspida Financial Services LLC

Durham, North Carolina, United States -

Full Time

Start Date

Immediate

Expiry Date

11 Jan, 26

Salary

0.0

Posted On

14 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Designation, Technical Skills, Analytical Skills, R, Python, Statistical Software, Actuarial Modeling, Risk Management, Communication Skills, Motivated, Conceptual Thinking, Cross-Functional Collaboration, Industry Regulations

Industry

Financial Services

Description

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: This actuarial role is dedicated to supporting the ERM function for Aspida. This position will play a key role in the continued maturity of the ERM infrastructure at Aspida of ERM which includes actuarial analyses, leveraging technical skills, and active participation in the rollout and integration of key new policies and frameworks, ensuring effective implementation and operationalization. This role will report to the AVP, ERM and is required to be onsite 3 days a week at our Durham, NC headquarters. What You Will Do: · Continued development and implementation of an industry-leading risk management framework. Coordinating with Aspida Life, Aspida Re, AIS and Aspida Group executives and stakeholders · Support the analysis and summarization of financial projections used across the business. · Analyze stress testing results on financial outcomes and clearly explain the key drivers behind those results. · Evaluate the impact of deterministic and stochastic scenarios on Aspides’ financial performance. · Monitor Aspida’s Key Risk and Performance Indicators including liquidity risk and collateral management metrics. · Enhance risk appetite framework, stress testing methodology, and risk management reporting to provide deeper insights into the business and ensure compliance. This includes developing and refining CTE or VaR metrics. · Collaborate with actuaries, finance, asset managers, the M&A team, and other first line functions to build and enhance risk reporting around key strategic initiatives and support decision making. · Prepare and enhance and Aspida’s Own Risk Solvency Analysis (ORSA). · Stays current on industry trends and regulatory developments both domestically and internationally. What We Provide: · Salaried, DOE · Long-Term Incentive Plan · Full-Time · Full Benefits Package Available What We Believe: Not sure if you meet every qualification? We still encourage you to apply! We value inclusivity, welcoming candidates from diverse backgrounds, including non-traditional paths. Unique experiences enrich our team, and the willingness to dream big makes you an exceptional candidate! 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: · Actuarial designation with a minimum of 5 years of actuarial experience. · Strong technical and analytical skills, particularly in working with large datasets. · Proficiency in R, Python, or similar statistical software or programming languages. · Experience with GGY AXIS or other actuarial modeling systems. · Solid understanding of risk management principles and methodologies. · Preferred experience in annuity, asset, and reinsurance businesses. · Excellent communication skills — verbal, written, interpersonal, and presentation. · Highly motivated, conceptual thinker with the ability to work independently and collaboratively across a wide range of assignments. · Proven ability to work effectively with cross-functional teams across various business units. · Familiarity with relevant industry regulations and compliance requirements.

Responsibilities

The Associate Actuary will support the ERM function by developing and implementing a risk management framework and analyzing financial projections. This role involves collaboration with various stakeholders to enhance risk reporting and ensure compliance with industry standards.