[Hiring] Director, Valuation @Prosperity Life Group, LLC.

Role Description

We are seeking an experienced Actuary to lead end-to-end actuarial processes, including model development, valuation, financial reporting, and earnings projections across U.S. GAAP, Statutory, Tax, and Bermuda Economic Balance Sheet (EBS) frameworks. This role will play a critical part in supporting financial reporting, business planning, model governance, and strategic initiatives while partnering closely with Finance, Risk, Underwriting, and M&A teams.

What You'll Do

• Valuation & Financial Reporting
  • Perform quarterly and annual valuations of insurance liabilities under U.S. GAAP, Statutory, Tax, and Bermuda EBS frameworks.
  • Analyze and explain reserve movements and actual-to-expected (A/E) earnings variances.
  • Support financial reporting activities, including disclosures and management reporting.
  • Develop and maintain earnings projections to support business planning and financial analysis.
• Modeling & Systems
  • Convert existing valuation models from ArcVal to ALFA and develop new product valuation models.
  • Develop, enhance, and maintain actuarial models used for valuation and projection purposes.
  • Ensure models are accurate, efficient, and aligned with regulatory and business requirements.
  • Drive automation, process improvements, and modeling best practices.
• Assumptions, Analysis & Governance
  • Develop, review, and update key actuarial assumptions, including mortality, lapse, and expense assumptions.
  • Conduct experience studies, sensitivity testing, and scenario analyses.
  • Provide insight into earnings volatility, reserve adequacy, and capital impacts.
  • Establish and maintain strong controls over models, data, and valuation processes.
  • Maintain comprehensive documentation and ensure compliance with actuarial standards, internal policies, and regulatory requirements.
• Business Partnership & Strategic Support
  • Partner with Underwriting, Finance, Risk, and M&A teams on product development, reinsurance transactions, and strategic initiatives.
  • Support the pricing, evaluation, and structuring of reinsurance transactions.
  • Provide actuarial expertise and insights to support business decision-making.
• Audit & Regulatory Support
  • Support internal and external audits through preparation of documentation and responses to review requests.
  • Monitor regulatory developments and recommend enhancements to valuation and reporting practices as needed.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field, or an equivalent combination of education and experience.
• 5+ years of actuarial experience with exposure to a broad range of insurance products.
• Strong knowledge of U.S. GAAP accounting frameworks, including FAS 60, FAS 91, and FAS 97.
• Solid understanding of Long-Duration Targeted Improvements (LDTI) and its impact on valuation and financial reporting.
• Experience with products such as Fixed Indexed Annuities (FIA), Fixed Indexed Universal Life (FIUL), Universal Life (UL), Deferred Annuities, Payout Annuities, and Traditional Life products.
• Familiarity with both direct and reinsurance business preferred.
• Expertise with actuarial modeling platforms such as MG-ALFA (ALFA), AXIS, Prophet, or similar systems.
• Advanced Excel skills with experience developing, automating, and optimizing complex financial models.
• Hands-on experience building, validating, and maintaining valuation systems and models with a focus on data integrity and efficiency.
• Experience with Principles-Based Reserves (PBR) / VM-20 preferred.
• Proven experience supporting the end-to-end development of U.S. GAAP financials, including model development, assumption setting, validation, documentation, and audit support.
• Strong understanding of model governance, controls, and documentation standards.

Key Competencies

• Excellent analytical and problem-solving skills.
• Strong communication skills with the ability to simplify complex actuarial concepts for diverse audiences.
• Ability to manage multiple priorities and deadlines in a fast-paced environment.
• Proven ability to collaborate effectively across teams and stakeholder groups.

Benefits

• Opportunity to play a key role in shaping actuarial strategy, valuation, and financial reporting processes.
• Exposure to a broad range of insurance products and reinsurance transactions.
• Collaborative, cross-functional environment with visibility to senior leadership and key business partners.
• Opportunities to contribute to strategic initiatives, process improvements, and model innovation.
• Competitive compensation and benefits package.
• Professional development and career growth opportunities within a growing organization.