Senior Actuary
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Job Summary
EMPLOYER: A-CAP Services LLC
DEPARTMENT: Finance
REPORTS TO: Chief Actuary
LOCATION: Onsite in Miami
ABOUT THE COMPANY
A-CAP is a leading provider of capital and third-party asset management solutions. Through our synergistic platform of insurance carriers reinsurers and asset management businesses A-CAP delivers tailored capital solutions to individuals insurance companies and small- to medium-sized businesses.
Backed by a leadership team and operational experts with deep expertise across insurance reinsurance and asset management sectors A-CAP is committed to delivering meaningful results and adding value to our clients and capital partners. This commitment is demonstrated through the industry-leading risk-adjusted returns we achieve and the innovative capital solutions we provide to meet the needs of a diverse range of partners.
A-CAPs Core Business Includes:
- Capital Solutions
- Commercial Real Estate
- Third-party Asset Management
- Private Credit
- Primary Insurance Carriers
- Accredited Reinsurers
A-CAP has an immediate opening for a self-motivated resourceful and well-organized candidate to join the team as a Senior Actuary with an initial focus on product development and pricing capital planning and forecasting reinsurance and profitability analyses of fixed annuities and life insurance. This opening will have direct exposure to each of the groups insurance operating companies as well as close interaction with the companys management team. The individual will have the opportunity to participate in all aspects of the companys actuarial functions and will work closely with leadership from the finance and insurance teams. This role offers scope for tremendous growth as A-CAP continues to grow and expand its business. This is a rare opportunity for an actuary to contribute to both new business and in-force functions within a high-growth insurance organization.
WHAT YOU WILL DO:
- Manage product pricing for both new & in-force products and new product development projects primarily for fixed annuities and the companys pre-need and final expense life insurance products.
- Analyzing new and existing reinsurance arrangements including pricing relationship management and administration
- Price maintain and advise on modeling techniques (using GGY AXIS) and pricing profitability metrics to drive product and capital decision-making. Setting pricing assumptions and analyzing capital usage of new products.
- Capital planning forecasting and modeling including RBC and other capital models
- Earnings and profitability analyses
- Board reporting and other reporting and monitoring of key metrics
- Support subsidiary insurance companies core actuarial functions as needed (valuation cash flow testing pro-forma/business planning risk management etc.) with opportunities to rotate through various actuarial functions on a short-term basis.
- Other Actuarial projects as needed.
- Opportunity to work on high-profile projects with senior decision-makers that directly drive company growth; the role will have direct exposure to Senior Management including the Head of Life and Annuities Head of Distribution the Chief Actuary and the Chief Financial Officer. Work closely with investments marketing/sales accounting and IT/systems administration teams as well as other key stakeholders.
- Bachelors degree in finance accounting economics actuarial science or related field with 5 years of actuarial experience.
- ASA/FSA designation.
- Expert proficiency with MS Office Suite and GGY AXIS (or similar software). Tech-savvy is a plus.
- Experience with annuity products and/or life products relevant actuarial work (pricing capital forecasting profitability analyses etc.).
- Strong organizational skills and ability to communicate complex concepts in a professional and concise manner both verbally and written.
- Comfort with a steep learning curve and motivation to work in an opportunity-rich dynamic environment.
- Experience with reinsurance and capital models particularly for fixed annuity products preferred.
- Experience with pre-need and/or final expense life insurance products preferred.
- US Statutory and/or GAAP financial reporting experience preferred.
WHO WE ARE:
BENEFITS:
A-CAP works hard to create a positive and supportive environment. Thats why we offer great benefits to safeguard the health and well-being of our employees. Our comprehensive benefits package includes:
- Competitive compensation programs
- Employer-sponsored medical dental and vision insurance
- Paid Life & AD&D Insurance (for employees and families)
- Paid Disability Insurance (STD LTD)
- Paid Parental Leave
- Paid Vacation and Sick Leave
- Paid Holidays
- Voluntary Supplemental Insurance
- Safe Harbor 401(k) plan with employer match
- And other benefits and perks!
POSITION TYPE AND EXPECTED HOURS OF WORK:
This is a full-time position. Days and hours of work are Monday through Friday 9:00 a.m. to 6:00 p.m. 40 hours weekly or as otherwise arranged with the manager of the department.
US Work Authorization Is Required
Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.
EEO Statement
A-CAP is an Equal Opportunity Employer and does not discriminate in recruiting hiring promotion or any other personnel action based on the basis of race ethnicity national origin color sex gender gender identity or expression sexual orientation religion age disability veteran status or any other basis covered by appropriate law. We comply with the laws and regulations set forth in the Know Your Rights poster. All employment is decided on the basis of qualifications merit and business need. To request an accommodation contact and we will make every effort to respond to your request within 48 business hours to work towards a positive solution.
Disclaimer
The above is intended to describe the general content of and requirements for the performance of this job. It should not be construed as an exhaustive statement of duties responsibilities or physical requirements. Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Required Experience:
Senior IC
