Sr. Actuary, Valuation at Aspida Financial Services LLC

Durham, North Carolina, United States -

Full Time

Start Date

Immediate

Expiry Date

29 Apr, 26

Salary

0.0

Posted On

29 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

GGY AXIS, Annuity Valuation, Statutory Valuation, GAAP Valuation, Model Development, Results Validation, Assumption Governance, Financial Reporting, Regulatory Compliance, Risk Management, Mentorship, Technical Guidance, PBR Methodologies, Documentation, Audit Engagements, Business Results

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: We are seeking an experienced annuity valuation actuary to join our team. This role plays a critical part in ensuring the accuracy, consistency, and integrity of annuity valuation results, supporting financial reporting, regulatory compliance, and internal risk management. The Valuation Actuary will be a key technical contributor in production valuation processes, partnering closely with finance, and risk stakeholders while helping to strengthen controls, documentation, and valuation infrastructure as the company continues to grow. This role reports to the VP, Valuation and is required to be onsite 3 days a week at our Durham, NC office. What You Will Do: Perform and review Statutory and GAAP valuation for annuity products Own end-to-end execution of valuation processes, including assumption governance, model execution, results validation, and documentation Develop, maintain, and enhance actuarial models in GGY AXIS, supporting both BAU production and analytical initiatives Partner closely with finance, risk, and modeling teams to explain reserve movements, emerging experience, and quarter-over-quarter results Support regulatory and audit engagements, including preparation of exhibits, memoranda, and responses to inquiries Contribute to the continued evolution of valuation infrastructure, controls, and automation as the business scales Provide technical guidance and informal mentorship to junior actuarial staff What We Provide: Salaried, DOE Long-Term Incentive Plan Full-Time Full Benefits Package Available What We Believe: 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: Deep expertise and experience with GGY AXIS, including hands-on model development, maintenance, and production runs for life insurance or annuity or long-term care products FSA designation with a strong foundation in life and annuity valuation 10+ years of actuarial experience, with significant exposure to statutory and/or GAAP valuation Strong understanding of U.S. Statutory and U.S. GAAP accounting frameworks. Understanding of Bermuda EBS framework a plus Deep understanding of PBR methodologies such as VM-20 or VM-21 or VM-22 Ability to independently manage complex workstreams and deliver high-quality results under tight timelines Ability to mentor and train junior staff on: GGY AXIS modeling U.S. Statutory and GAAP frameworks Connect actuarial deliverables to broader business results and, P&L.

Responsibilities

The Valuation Actuary will perform and review statutory and GAAP valuation for annuity products, owning the end-to-end execution of valuation processes. They will partner closely with finance and risk stakeholders to explain reserve movements and support regulatory and audit engagements.