AVP, Annuity Valuation Modeler

6 days ago


Cincinnati, Ohio, United States Ohio National Financial Services Full time
About the Role

We are seeking a highly skilled and experienced AVP, Annuity Valuation Modeler to join our team at Ohio National Financial Services. As a key member of our actuarial team, you will be responsible for directing a small team and leading the development and implementation of actuarial models using AXIS software to support annuity valuation under the Long-Duration Targeted Improvements (LDTI) framework.

Key Responsibilities
  • Assist with the implementation of annuity LDTI and develop and enhance actuarial models using AXIS software to support annuity valuation.
  • Collaborate with cross-functional teams, including Actuarial, Finance, and IT, to gather requirements and implement model changes.
  • Perform model testing, valuation, and documentation to ensure accuracy and compliance with regulatory standards.
  • Analyze and interpret model results, identifying areas for improvement and implementing enhancements as needed.
  • Stay informed about industry developments and regulatory changes related to LDTI and incorporate updates into existing models.
  • Provide support during audits and regulatory examinations, addressing inquiries and providing documentation as necessary.
What We Offer
  • Competitive compensation and benefits package.
  • Opportunities for professional growth and development.
  • A dynamic and inclusive work environment that values diversity and promotes work-life balance.
  • Flexible work arrangements, including remote and hybrid options.
  • A comprehensive employee assistance program and wellness initiatives.
Requirements
  • Bachelor's degree in actuarial science, mathematics, statistics, or related field.
  • FSA or career ASA designation.
  • At least eight years of experience in actuarial roles, including a minimum of two years of modeling with specific experience in variable annuity products.
  • Strong proficiency with AXIS modeling software and at least two years of experience.
  • Excellent communication and influencing skills.
  • Strong leadership skills with demonstrated experience in building and fostering relationships.
  • Highly organized and able to lead successful projects without supervision.
  • Strong problem-solving skills and analytical skills, including the ability to quantify impacts and synthesize data from multiple sources and identify trends.
Preferred Qualifications
  • Experience with US statutory and GAAP reporting.
  • Knowledge of LDTI and its implications for annuity valuation.
  • Demonstrated self-starter and effective individual contributor for non-routine projects.
  • Ability to interact with and provide subject matter expertise to multiple functional areas.
  • Ability to work independently and effectively manage multiple projects with competing deadlines.

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