Senior Actuary

JOB TITLE

Senior Actuary

EMPLOYER

A-CAP Services LLC

DEPARTMENT

Finance

REPORTS TO

Chief Actuary

LOCATION

Onsite in New York City

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-CAP's Core Business Includes:

• Capital Solutions
• Commercial Real Estate
• Third-party Asset Management
• Private Credit
• Primary Insurance Carriers
• Accredited Reinsurers

ABOUT THE ROLE

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 group’s insurance operating companies as well as close interaction with the company’s management team. The individual will have the opportunity to participate in all aspects of the company’s 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 company’s 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.

WHAT YOU WILL NEED

• Bachelor’s 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.

SALARY TRANSPARENCY NEW YORK

We know our people are our number one asset and we put a premium on hiring and retaining the best talent. For that reason, we reward our employees with a competitive compensation package.

Our salary ranges are determined by role, level, and location. For individuals hired to work in New York State, A-CAP is required by law to include a reasonable estimate of the compensation range for this role. This range is specific to the locations listed above and considers the wide range of factors considered in making compensation decisions, such as job-related skills, experience, and relevant education or training. A reasonable estimate of the current salary range is $110,000.00 - $230,000.00 USD annually.

BENEFITS

• 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 View email address on click.appcast.io 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 management’s 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.