Kuvare
Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.
Kuvare family of companies:
Retail Annuity and Life Insurance Solutions:
United Life Insurance Company Guaranty Income Life Insurance Company Lincoln Benefit Life
Institutional Insurance:
Kuvare Life Re
Bespoke Insurance Solutions:
Ignite Partners
About the role This position is part of the Actuarial Development Program for Kuvare Corporate Management (KCM). The Program offers students an array of experiences including Life and Annuity Valuation, Modeling and Forecasting, Product Management, Asset Liability Management, and Enterprise Risk Management. The Program is designed with the objective to develop Fellows in the Society of Actuaries.
Describe the role and team the candidate will be joining
What you’ll do
Prepare and help monitor reserve trends monthly on GAAP, statutory, and tax accounting bases
Develop management reporting for existing business
Assist in preparation of Statutory Annual and Quarterly Statements
Update Valuation models and organize results for management.
Assist in gathering information and analysis for external auditor inspections
Support rate setting and other non-guaranteed elements (NGE) process; perform analysis to support business decisions, coordinate signoff, and monitor implementation.
Monitor emerging product experience, manage actuarial assumptions and identifying any new risks
Coordinate and assist with cross-functional initiatives related to product development and reporting
Oversee Life and/or Annuity product illustrations; provide support to Customer Service on exemptions and escalated requests
Develop relationships with internal and external distribution (sales) stakeholders
Manage projects and stakeholders to promote timely and effective progress on key initiatives
Assist Pricing Actuaries in designing new products
Leading cross-functional teams in education, objectives, and project decisions relevant to the product
Managing and communicating pricing risks, profitability, scenario analysis
Key contributor in implementation of product across downstream teams
Reinsurance: developing RFP for risk sharing, analysis of existing and potential treaties, developing relationships with counterparts at reinsurers
Responsible for certifications within Actuarial Memoranda submitted to state regulatory bodies for product filings
Support development and review of contract language and other filing requirements
Ensure products are built appropriately in administration system and validating test cases
Product Management Tasks
Produce, present, and improve monthly business monitoring reporting
Provide insight and analysis to inforce experience trends
Produce monthly crediting rate package and process
Coordinate with ALM and System on data and result analysis
Assist in the development and analyze annual Illustration Actuary testing models
Assist on special policy illustration requests
Assist on Product related projects and requests
Modeling and Forecasting tasks
Build and review model inputs to support financial projection capability
Execute and monitor model projections including troubleshooting model calculations
Analyze model output ensuring accuracy with intended model purpose
Risk and Investments tasks
Update quarterly stress testing results and compare versus risk appetite and limit
Monitoring investment portfolio to ensure compliance with guidelines and limits
Monitor asset and liability duration, report mismatches outside of tolerance
Prepare weekly hedging file, monitor hedge position and results
Assist with competitive analysis and manager performance benchmarking
Ancillary Responsibilities
Assess reasonableness of reserves as new blocks of business are acquired
Assess product features and determine product management strategies as new blocks of business are acquired
Build efficiencies through programming solutions in all aspects of model input and output data manipulation
Assist in the development and production of the Own Risk and Solvency Assessment
Assess the impacts of an alternate investment or reinvestment strategy
Serve as SME to actuarial data warehouse development, operations, IT, customer support and other functions
Assist in the development of optimization macros to improve hedging and ALM efficiency
Qualifications
BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
ASA designation or near ASA designation
2-5 years of full-time insurance actuarial experience. Modeling, analyzing, reporting experiences preferred.
Demonstrated ability with Actuarial software (e.g., AXIS, MG-ALFA, ARCVal)
Experience managing project(s) and/or significantly contributing to the completion of team-oriented tasks.
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Kuvare family of companies:
Retail Annuity and Life Insurance Solutions:
United Life Insurance Company Guaranty Income Life Insurance Company Lincoln Benefit Life
Institutional Insurance:
Kuvare Life Re
Bespoke Insurance Solutions:
Ignite Partners
About the role This position is part of the Actuarial Development Program for Kuvare Corporate Management (KCM). The Program offers students an array of experiences including Life and Annuity Valuation, Modeling and Forecasting, Product Management, Asset Liability Management, and Enterprise Risk Management. The Program is designed with the objective to develop Fellows in the Society of Actuaries.
Describe the role and team the candidate will be joining
What you’ll do
Prepare and help monitor reserve trends monthly on GAAP, statutory, and tax accounting bases
Develop management reporting for existing business
Assist in preparation of Statutory Annual and Quarterly Statements
Update Valuation models and organize results for management.
Assist in gathering information and analysis for external auditor inspections
Support rate setting and other non-guaranteed elements (NGE) process; perform analysis to support business decisions, coordinate signoff, and monitor implementation.
Monitor emerging product experience, manage actuarial assumptions and identifying any new risks
Coordinate and assist with cross-functional initiatives related to product development and reporting
Oversee Life and/or Annuity product illustrations; provide support to Customer Service on exemptions and escalated requests
Develop relationships with internal and external distribution (sales) stakeholders
Manage projects and stakeholders to promote timely and effective progress on key initiatives
Assist Pricing Actuaries in designing new products
Leading cross-functional teams in education, objectives, and project decisions relevant to the product
Managing and communicating pricing risks, profitability, scenario analysis
Key contributor in implementation of product across downstream teams
Reinsurance: developing RFP for risk sharing, analysis of existing and potential treaties, developing relationships with counterparts at reinsurers
Responsible for certifications within Actuarial Memoranda submitted to state regulatory bodies for product filings
Support development and review of contract language and other filing requirements
Ensure products are built appropriately in administration system and validating test cases
Product Management Tasks
Produce, present, and improve monthly business monitoring reporting
Provide insight and analysis to inforce experience trends
Produce monthly crediting rate package and process
Coordinate with ALM and System on data and result analysis
Assist in the development and analyze annual Illustration Actuary testing models
Assist on special policy illustration requests
Assist on Product related projects and requests
Modeling and Forecasting tasks
Build and review model inputs to support financial projection capability
Execute and monitor model projections including troubleshooting model calculations
Analyze model output ensuring accuracy with intended model purpose
Risk and Investments tasks
Update quarterly stress testing results and compare versus risk appetite and limit
Monitoring investment portfolio to ensure compliance with guidelines and limits
Monitor asset and liability duration, report mismatches outside of tolerance
Prepare weekly hedging file, monitor hedge position and results
Assist with competitive analysis and manager performance benchmarking
Ancillary Responsibilities
Assess reasonableness of reserves as new blocks of business are acquired
Assess product features and determine product management strategies as new blocks of business are acquired
Build efficiencies through programming solutions in all aspects of model input and output data manipulation
Assist in the development and production of the Own Risk and Solvency Assessment
Assess the impacts of an alternate investment or reinvestment strategy
Serve as SME to actuarial data warehouse development, operations, IT, customer support and other functions
Assist in the development of optimization macros to improve hedging and ALM efficiency
Qualifications
BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
ASA designation or near ASA designation
2-5 years of full-time insurance actuarial experience. Modeling, analyzing, reporting experiences preferred.
Demonstrated ability with Actuarial software (e.g., AXIS, MG-ALFA, ARCVal)
Experience managing project(s) and/or significantly contributing to the completion of team-oriented tasks.
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