Assistant Actuary - Annuity Statutory / PBR Valuation

Our client is seeking an Assistant Actuary, Annuity Statutory / PBR Valuation to join their Corporate Actuarial team. This is an exciting opportunity to be part of a newly established VM-22 Principle-Based Reserving (PBR) function, supporting the valuation of a growing annuity portfolio while helping build valuation processes, infrastructure, and governance from the ground up.

Key Responsibilities

• Perform quarterly statutory and tax valuations for non-variable annuity products, including VM-22 PBR valuations.
• Analyze reserve movements and explain key drivers of financial results.
• Support VM-22 implementation, valuation model testing, and production readiness.
• Contribute to assumption development and testing, including mortality, lapses, withdrawals, expenses, and crediting strategies.
• Maintain valuation data governance, controls, and audit documentation.
• Assist with VM-31 reporting, regulatory filings, audits, and examination requests.
• Develop valuation tools, reporting enhancements, and management analytics.
• Partner with Finance, Risk, Pricing, IT, Capital Management, and external consultants on strategic initiatives.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• ASA required; FSA progression strongly preferred.
• 3-5+ years of annuity valuation experience.
• Experience with VM-22 and/or VM-21 statutory valuation required.
• Strong knowledge of PBR concepts, stochastic modeling, and reserve analysis.
• Prophet experience preferred.
• Proficiency in SQL required; Snowflake and Power BI are a plus.
• Excellent analytical, communication, and technical documentation skills.