Actuarial Modeling Leader

Company Description:

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn .

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

We are seeking a highly skilled and experienced Actuarial Modeling Leader to join our team. This pivotal role involves leading the development and enhancement of the global actuarial infrastructure that powers our organization's valuation and projection processes. This role reports to the Aspida Life Insurance Company Chief Actuary and is required to be onsite 3 days a week at our Durham, NC headquarters.

What You Will Do:

• Actuarial Model Leadership and Innovation: This role provides an opportunity to lead and mentor the actuarial modeling team, driving the evolution of our actuarial models for the U.S. retail and international reinsurance segments. The individual will be a key influencer in defining modeling methodologies and designs, with a focus on creating adaptable solutions that empower effective analysis and strategic decision-making.
• Implementation of New Products and Reinsurance: Drive the seamless integration of new product rollouts and reinsurance transactions into the actuarial modeling infrastructure, collaborating closely with cross-functional pricing and product teams.
• Regulatory Foresight & Implementation Leadership: Proactively monitor and interpret emerging regulatory changes in the US and abroad impacting Aspida's modeling landscape. You'll lead the full implementation lifecycle, from analyzing proposed frameworks to seamlessly integrating new requirements into our actuarial models, ensuring continuous compliance and strategic adaptation.
• Project & Resource Stewardship: Drive the strategic planning and execution of cross-functional modeling initiatives by partnering closely with key business stakeholders. You will manage modeling projects to consistently meet or exceed agreed-upon deadlines, while proactively communicating progress and insights to ensure full transparency and alignment of expectations across the organization.
• Model Governance & Oversight: Play a pivotal role in shaping and driving the evolution of Aspida's enterprise model governance framework. You will ensure all modeling activities rigorously adhere to both internal best practices and evolving external regulatory standards, embedding a culture of accuracy and compliance.

What We Provide:

• Salaried, DOE
• Full-Time
• Full Benefits Package Available

What We Believe:

Not sure if you meet every qualification? We still encourage you to apply! We value inclusivity, welcoming candidates from diverse backgrounds, including non-traditional paths. Unique experiences enrich our team, and the willingness to dream big makes you an exceptional candidate!

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

Requirements

What We Require:

• Fellow Society of Actuaries
• 10 years’ experience in actuarial roles within life insurance industry
• Understanding of actuarial principles, annuity products, US Stat, US GAAP, and Bermuda EBS
• Experience with fixed and fixed indexed annuity products
• Experience managing and developing actuaries and actuarial students
• Technical proficiency in actuarial software (AXIS preferred) and familiarity with data programming languages used in data analysis (e.g., R / Python).
• Excellent analytical skills with a keen attention to detail and the ability to translate complex actuarial concepts into clear, actionable insights.