Associate Actuary - Assumptions

This position plays a key role in determining Venerable's variable annuity assumptions used to model mortality and policyholder behavior. The individual's primary responsibilities will be 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 the Actuarial Student Program.Primary responsibilities include:Interpret trends in experience data and propose assumption recommendations with rationaleTypes of riders are GMDB, GMIB (Traditional and Hybrid), GMWBL, GMWB and GMABAssumptions may include, but are not limited to deferred mortality, payout mortality, lapse, partial withdrawals, GMIB annuitizations and GMWB utilizationReview experience study data for accuracy and completeness and implement additional controls as necessary.Drive for accuracy, consistency, and improvements within various experience studiesEnsure that any changes to experience study processes, particularly those in spreadsheets, are incorporated appropriately as transparent and repeatable processes with controlsDevelop and present decks and detailed memorandums seeking assumption proposal approval from senior managementContribute to the timely and accurate reporting of mortality and policyholder behavior experiencePerform quarterly data reconciliation of experience studies data to other data sources.Maintain updated documentation on all processesCollaborate with the modeling team to implement recommended assumptions into modelsSupport structural, design and process improvements to experience studies through partnering with IT and outside vendors on prioritized transformation projectsProvide support for internal and external audits, including walkthroughs and responses to questions from auditorsInteract 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 studiesKey Qualifications:Bachelor's degree in Mathematics, Actuarial Science, Finance or related business disciplineASA, Career ASA or newly credentialed FSA5-6+ years financial, insurance industry, or actuarial experienceExcellent computer skills are required: Advanced knowledge of Microsoft Excel, proficient in SQL Server, Microsoft PowerBI, R, or Python, experience with Microsoft PowerPoint is a plusStrong analytical skills or advanced knowledge of actuarial concepts; ability to use this knowledge to lead/develop solutions to adhoc requests or issuesSolid understanding of insurance products, regulations, or insurance company structure from prior experienceLeverages strong oral and written communication skills to readily and effectively collaborate with peers, managers, shares information and asks questionsAbility to manage competing priorities and deadlinesStrong desire to learn and grow; willing to rotate to other actuarial rolesExperience with improving and optimizing processes and reflecting appropriate controlsPrior experience with variable annuity products preferredAbility to work in a cross-functional team environment#LI-DP1Venerable 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.Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate's skills and experience or otherwise conflict with Venerable's hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for.