Chief Actuary - A-CAP Services LLC

JOB TITLE:           Chief Actuary

EMPLOYER:         A-CAP Services LLC

DEPARTMENT:     Actuarial

REPORTS TO:      Chief Financial Officer

LOCATION:           Onsite in Miami, FL (Brickell)

ABOUT THE COMPANY

A-CAP is a rapidly growing organization that owns and operates multiple insurance companies and ancillary insurance businesses and has over $10 billion of total invested assets. This opening is with the holding company, which primarily performs asset management, actuarial, accounting, and other oversight functions on behalf of A-CAP’s insurers and third-party clients. This group also provides strategic and operational support to A-CAP’s portfolio companies/subsidiaries, proactively formulates new investment strategies, oversees external financing and acquisition activities, and provides modeling support for insurer liabilities and capital. On the insurance product side, A-CAP’s primary lines of business are traditional fixed and equity-indexed annuities, with additional business in whole life insurance, Medicare supplement, and hospital indemnity products. A-CAP insurers originate over $2 billion of new premium annually.

ABOUT THE ROLE

A-CAP has an immediate opening for a self-motivated, detail oriented, and well-organized candidate to join the team as Chief Actuary. The Chief Actuary is an executive role crucial for overseeing all actuarial functions of the company. This role demands a proactive approach in managing and evaluating actuarial strategies, ensuring financial integrity, and positioning A-CAP's insurance products competitively in the market.

The Chief Actuary will report directly to the CFO and will interact regularly with group executives, team members from other departments, as well as third-party stakeholders. While the Chief Actuary will serve in a senior management role, the right candidate will be willing and able to go “hands-on” to create and support technical processes when necessary.

WHAT YOU WILL DO:

• Strategic Leadership and Innovation: Lead the strategic direction of actuarial functions, aligning with corporate goals for product innovation and market leadership.
• Pricing & Product Development: Manage the modeling and pricing for all new annuity products as well as enhancements to existing products. Manage the modeling of new proposed reinsurance transactions.
• Liability and Reserve Management: Manage and report on insurance policy liabilities and ensure adequacy of reserves to meet future obligations.
• Financial Projections & Planning: Manage financial projection process for all insurance products (projections are used to develop the group’s 3-year financial plan). Develop process to run projections on a more frequent regular basis and produce actual-to-expected analyses.
• Assumption Governance & Experience Studies: Develop process for regular re-evaluation and analysis of key actuarial assumptions. Develop governance process for recording existing assumptions and properly documenting future changes to assumptions.
• Communication: Keep all other departments apprised of developments within the actuarial function. Communicate complex actuarial concepts to non-actuarial stakeholders. Create cross-functional harmony with finance, technology, administrative, and other teams.

• Leadership Excellence: Demonstrated ability to lead and mentor a team, promoting a culture of high performance and continuous improvement.

BENEFITS:

A-CAP works hard to create a positive and supportive environment. That's why we offer great benefits to safeguard the health and well-being of our employees. Our comprehensive benefits package includes:

• Competitive salary/base pay
• 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 (15 in 2024)
• Voluntary Supplemental Insurance policies
• 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.

Who We Are: http://www.acap.com/

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 hr@acap.com 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.

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