This role will take ownership of actuarial risk analysis and reporting for defined areas of the risk management function, with a primary focus on evaluating the company’s financial position, including capital sufficiency and surplus, under adverse stress scenarios. As an Associate Actuary you will be a key individual contributor, applying actuarial techniques and judgment to support stress testing, financial risk assessment, and related internal and external reporting. The position also contributes to process improvement and automation efforts and may provide guidance or oversight to junior actuarial staff or interns. 

Primary Responsibilities:

• Prepare quarterly stress testing analysis of potential company risk exposures under a variety of extreme economic scenarios

• Prepare risk management reports for cedants as required by reinsurance agreements 

• Ad-hoc analysis of potential sources of financial risk or opportunity arising from items such as new reinsurance agreements, product features, market exposures, or policyholder behavior 

• Risk reporting to management, investors, 3rd parties and regulators including contributing content to Venerable’s Own Risk and Solvency Assessment (“ORSA”) 

• Work with Finance team to review and help explain financial results and understand related assumptions 

• Provide modeling support for the interaction of asset sales and purchases with hedging and liquidity programs

• Apply actuarial techniques and business knowledge to effectively deliver on projects / assignments including showing initiative to build specialized knowledge 

• Improve, automate and document existing processes over time 

• Work assigned may include complex, unstructured, or non-routine tasks. Could include drilling through a complex data, system or model with high level guidance. Thorough review of own or of others' work. Summarization / communication / presentation of results to a broader team. Preparation of documentation 

• May supervise and/or train actuarial staff / interns 

• May include communication both within and outside of Venerable such as with auditors, actuarial outsourcing partners or other vendors

Key Qualifications:

Venerable Values: 

Every position at Venerable has responsibility for living out the company's values as described here:

We are Courageous - We think critically, ask "why?" and seek out creative solutions.

We are Curious  - We take calculated risks, learn from out failures, and challenge traditional ways of thinking.

We are Connected - We are connected to each other, our customers and our community.

Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate’s skills and experience or otherwise conflict with Venerable’s hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for.

If Venerable, in its sole discretion, determines that AI is being used during an interview without prior approval, Venerable reserves the right to end the interview early and/or disqualify a candidate.