Assistant Actuary

Job Location Remote USA Position – Ameritas HQ is Lincoln, Nebraska, United States. Area of Interest Actuarial Job Type Full‑time Job Description Ameritas is seeking an Assistant Actuary Life Insurance Statutory / PBR Valuation to join the Corporate Actuarial Life Insurance Valuation team. This detail‑oriented, results‑driven individual will contribute to the growth of the life insurance portfolio through active collaboration within valuation and across functional areas, bringing advanced knowledge of industry practices and standards to their assigned responsibilities. This role supports Ameritas’ VM‑20 Principle‑Based Reserving function by overseeing the ongoing VM‑20 valuation of life insurance products and new product launches. The incumbent reports to the Director, Life Insurance Statutory Valuation and has matrix reporting to the functional Valuation leader and the Liability Product Owner. Key responsibilities include performing quarterly statutory and PBR valuations, developing and enhancing analytical tools, and providing analysis of financial results. The position requires actuarial judgment, intellectual ownership, and technical depth across the full VM‑20 valuation lifecycle. This position can be hybrid or remote (within the U.S.A.) based on proximity to an office location. What you do Perform quarterly statutory and tax valuation for life insurance products under both CRVM and Actuarial Guideline frameworks and the VM‑20 PBR framework; produce quarter‑over‑quarter reserve movement analysis with clear attribution of drivers for management review and audit; ensure compliance with all valuation controls. Partner with the Liability Product Owner to complete valuation tasks, including model user acceptance testing (UAT) and implementation of new product features; ensure data integrity and model soundness through governance procedures, controls, reasonableness checks, and audit processes. Serve as SME for VM‑20 process maintenance and enhancements—define valuation model and data requirements, participate in UAT, and ensure production readiness. Contribute to VM‑20 actuarial assumption setting and testing—including mortality, lapse, persistency, premium payment patterns, expenses, and other assumptions; participate in assumption working groups and provide reasonableness assessments. Manage VM‑20 valuation data pipelines from input to output, ensuring end‑to‑end data lineage and audit traceability. Draft and maintain VM‑31 Actuarial Report content, valuation procedure documentation, and workflow controls; fulfill annual statement, tax reporting, and survey obligations; support internal and external audit, regulatory and state examination, and IRS exam requests; review and implement new valuation requirements for ongoing compliance; execute line‑1 controls and attest to governance deliverables quarterly. Develop and enhance PBR valuation and reporting processes and analytical tools to deliver greater management insights; serve as the primary actuarial source for VM‑20 reserve attribution analysis supporting FP&A earnings analysis and management presentations; respond to ad hoc senior leadership requests on reserve movements, assumption change impacts, and capital strain. Produce liability assumption and scenario sensitivity analyses; support other functional areas and industry and rating agency surveys; complete special projects directed by senior leadership; collaborate across Finance, Risk, Pricing, IT, Capital Management, and external consultants on VM‑20 production readiness and cross‑functional initiatives. What you bring Bachelor’s degree in actuarial science, mathematics, statistics, or equivalent. 3–5 years (or greater) of life insurance valuation experience; hands‑on experience with VM‑20 statutory valuation. ASA designation required; active pursuit of FSA strongly preferred. Experience with statutory auditing and state examination preferred. 1–3 years of Prophet modeling experience; PBR modeling experience strongly preferred. Hands‑on experience in SQL, Snowflake, and Power BI preferred. Intimate knowledge of VM‑20 preferred. ALM modeling experience/knowledge preferred. Knowledge of life products such as IUL and ULSG preferred. Knowledge and experience with hedging program preferred. Life insurance GAAP/LDTI experience preferred; knowledge of life insurance actuarial guidelines preferred; knowledge of life insurance RBC frameworks (C‑1 through C‑3) and asset adequacy testing (CFT/AAT); experience study and assumption setting preferred. Strong technical writing skills with ability to produce clear documentation of actuarial methodology, assumptions, and results; VM‑31 Actuarial Report drafting experience and familiarity with regulatory examination processes preferred. Superior analytical and problem‑solving skills with a genuine desire to learn; effective communication skills with ability to convey complex actuarial concepts to Finance, Risk, FP&A, and senior management audiences preferred. What we offer Ameritas Benefits For your money: 401(k) Retirement Plan with company match and quarterly contribution. Tuition Reimbursement and Assistance. Incentive Program Bonuses. Competitive Pay. For your time: Flexible Hybrid work. Thrive Days – Personal time off. Paid time off (PTO). For your health and well‑being: Health Benefits: Medical, Dental, Vision. Health Savings Account (HSA) with employer contribution. Well‑being programs with financial rewards. Employee Assistance Program (EAP). For your professional growth: Professional development programs. Leadership development programs. Employee resource groups. StrengthsFinder Program. For your community: Matching donations program. Paid volunteer time – 8 hours per month. For your family: Generous paid maternity leave and paternity leave. Fertility, surrogacy, and adoption assistance. Backup child, elder and pet care support. An Equal Opportunity Employer Ameritas has a reputation as a company that cares, and because everyone should feel safe bringing their authentic, whole self to work, we’re committed to an inclusive culture and diverse workplace, enriched by our individual differences. We are an Equal Opportunity/Affirmative Action Employer that hires based on qualifications, positive attitude, and exemplary work ethic, regardless of sex, race, color, national origin, religion, age, disability, veteran status, genetic information, marital status, sexual orientation, gender identity or any other characteristic protected by law. Application Deadline This position will be open for a minimum of 3 business days or until filled. This position is not open to individuals who are temporarily authorized to work in the U.S. About this Position’s Pay The pay range posted reflects a nationwide minimum to maximum covering all potential locations where the position may be filled. The final determination on pay for any position will be based on multiple factors including role, career level, work location, skill set, and candidate level of experience to ensure pay equity within the organization. This position will be eligible to participate in our comprehensive benefits package. This position will also be eligible to participate in our Short‑Term Incentive Plan with the annual target defined by the plan. Pay Range $106,092.00 – $175,052.00 per year Pay Transparency Pay transparency is rooted in principles of fairness, equity, and accountability within the workplace. Sharing pay ranges for job postings is one way Ameritas shows our commitment to equitable compensation practices. #J-18808-Ljbffr