Job Description

Actuarial Valuation Lead

Company Overview

Midwest Holding LLC, a modern financial services organization, seeks a skilled Actuarial Valuation Lead.

Summary/Objective

This position oversees key financial reporting, valuation processes, and operational initiatives. It requires hands-on technical proficiency, leadership, and collaborative problem-solving to build and enhance actuarial processes, and support critical decisions. Reporting to the Product Pricing and Development Actuary, the Actuarial Valuation Lead will drive the efficient and accurate production of actuarial financial reporting.

Essential Functions

Valuation and Financial Reporting:

• In partnership with the Lead Actuarial Modeler and the broader team, build the internal actuarial valuation process.
• Calculate US Statutory, Tax, and US GAAP reserves for MYGA, FIA, and MYGIA products.
• Complete attribution analysis for various monthly, quarterly and annual results, and Board reporting.
• Calibrate the valuation process as products are added and methodologies evolve.
• Significantly contribute to the transition to fixed annuity PBR and ensure readiness for future requirements.

 Projections:

• Perform plan and capital (RBC and BCAR) projections, including the optimization of capital usage.

Process Efficiency:

• Collaborate with the Lead Actuarial Modeler on actuarial model updates and automate valuation processes.
• Streamline data validation, liability extracts, and earnings analysis.

Business Insights:

• Partner with IT and data teams to enhance valuation systems.
• Provide analysis on earnings impacts and financial performance drivers.

Governance and Compliance:

• Maintain internal controls and support audit and regulatory requirements.

Reinsurance and Assumptions:

• Support reinsurance deal evaluation and operational implementation.
• Conduct annual impact testing for assumption changes.

Qualifications

• Bachelor’s Degree in Actuarial Science, Statistics, or related STEM field.
• FSA designation required with 10+ years of actuarial experience.
• Expertise in US Statutory, US GAAP, annuity products, and GGY Axis.
• Experience with PBR and transitioning frameworks.
• Strong technical, analytical, and communication skills.
• Proven leadership and team management experience.

Why Join Us

• Innovative Culture:  Work in a forward-thinking, adaptable environment.
• Leadership Impact:  Drive business decisions and performance.
• Professional Growth:  Access learning and advancement opportunities.
• Collaborative Team:  Enjoy a supportive and team-oriented setting.
• Transformational Role:  Optimize processes for efficiency and scalability.

Supervisory Responsibility  

This position will not have anyone to supervise/

Work Environment  

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. 

Physical Demands  

The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. 

While performing the duties of this job, the employee is regularly required to talk and communicate with others. This may be over the phone, in person, or through email and messaging. The employee must be able to hear others over the phone. The employee is frequently required to sit, stand; walk, and use their hands and fingers to work with the computer, phones, filing cabinets, paperwork, etc. 

Position Type and Expected Hours of Work  

This is a full-time position. Days and hours of work are Monday through Friday, 8:00 a.m. to 5:00 p.m. Additional hours as needed to complete assigned work and meet deadlines. 

Travel  

Limited travel may be expected for this position. 

Work Authorization/Security Clearance  

Must be eligible to work in the United States. 

AAP/EEO Statement  

Midwest Holding is an Equal Opportunity Employer. 

If you need assistance or an accommodation due to a disability, you may contact us at 402-489-8266. 

Other Duties  

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. 

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