Avp, Actuary

AVP, Actuary

Full Time

Norwalk, CT

About the Company:

Wilton Re is an industry leader in the life (re)insurance space, specializing in the acquisition of in force life insurance and annuities. We are experienced industry specialists focused on the risk, capital and operational needs of our clients' businesses. We provide our clients with the services they need from in force transactions and product development to underwriting and new business strategies.

Wilton Re has the resources and expertise to pursue and successfully manage the largest life and annuity transactions in the market.

Position Summary:

An excellent opportunity to be a part of a rapidly growing life insurance and reinsurance company's dynamic Finance team. This position would be involved in a broad spectrum of actuarial projects and tasks. They include: calculating reserves and related balances, modeling future cash flows for financial projections and Embedded Value, and analyzing quarterly and annual financial results. This position, you will interact with other departments like accounting, investments, IT, and operations. This position has the opportunity to interact regularly with senior members of the Company, including the CEOs and CFOs.

Role Responsibilities:

• Determine, review, and analyze quarterly STAT, GAAP, and tax reserves and related balances for a variety of life insurance and annuity products.

• Provide required financial reporting information to other areas of the Company, clients, and for regulatory and compliance support, including audit.

• Perform annual cash flow testing and other asset adequacy analysis.

• Analyze financial results and experience, propose assumption updates, and support executive level decision making.

• Propose, test, and implement process improvements.

• Support the Company in regulatory examinations and questions and ensure the Company complies with regulatory changes.

• Support Company's LDTI implementation and actuarial modeling conversion from various systems to Moody's AXIS.

Basic Qualifications:

• Minimum 8-15 years of US STAT and GAAP reserving and financial reporting experience

• Strong critical and analytical thinking

• Strong understanding of life insurance products (whole life, term, UL, payout annuities, deferred annuities, long-term care)

• Strong communication and collaboration

• Able to research problems or questions and provide responses

• React to change productively and able to prioritize multiple tasks appropriately

• Strong with Excel

• Experience with AXIS, ALFA and ARCVAL/CASE a plus.

Required Education / Certifications

FSA designation

Pay/Location

Norwalk, CT

Hybrid Structure

Minimal to no travel required

Base salary/hourly rate range for this position in Connecticut is between $150,000 and $ 180,000 Please note that specific compensation decisions are based upon a variety of job-related factors as permitted by law, including geographic location, credentials, skills, education, training, and experience.

Base salary is just one component of Wilton Re's total compensation package for employees. Additional compensation includes annual performance-based bonus, 401K with employer contribution, and profit-sharing program. Employee may also be eligible for long-term incentives (equity). All incentives and benefits are subject to the applicable plan terms.

What We Offer:

• Competitive vacation and sick time, including company-paid holidays, floating holidays and early closing days

• 401(k) plan with employer contribution - US Employees Only

• Profit Sharing Program

• Competitive parental leave

• Health, vision, dental, and life insurance, including access to health and wellness programs

• Actuarial Development Program (ADP) for Actuarial employees taking exams

• Employee Assistance Program (EAP)

• Current hybrid working environment

• Employee Engagement Events and various committees on site to join

Wilton Re strives to attract, develop, and retain a diverse workforce. We are committed to providing an inclusive and accessible work environment where all associates feel valued, respected, and supported. Our commitment to inclusivity is reflected in the safeguards, policies, and commitments we have in place to remove barriers and provide equal opportunities to prospective and current associates, without discrimination. A Human Resources representative is available to consult with applicants who require accommodation in the application or recruitment process. Any information shared by the applicant about an accommodation will be treated as confidential.

To All Recruitment Agencies: Please do not send any resumes or solicitations regarding open positions to Wilton Re employees unless you have been requested to work on this position or other positions with Wilton Re; please reach out to your main point of contact. Wilton Re is not responsible for any fees related to unsolicited resumes.