Our client is seeking an experienced AVP/VP, Insurance Capital & Actuarial Modeling Transformation professional to support the continued evolution of its insurance finance, capital, and actuarial capabilities.
This is a business-side transformation role sitting at the intersection of Actuarial, Finance/FP&A, Capital, Risk, Investments, Institutional BFO, Data, and Technology. The individual will partner with senior stakeholders to understand complex insurance liability and capital modeling processes, evaluate how model assumptions and outputs impact financial and capital results, and translate those needs into scalable business, data, and technology solutions.
The ideal candidate will bring strong life and annuity insurance experience and sufficient actuarial and capital expertise to understand and challenge modeling methodologies and outputs across GAAP, Statutory, Economic, and Bermuda frameworks. This individual does not need to be the primary model developer; rather, they must understand the models and underlying business well enough to connect actuarial outputs to capital forecasting, financial planning, institutional transactions, and management decision-making.
Key Responsibilities
- Partner with senior Finance, Capital, Actuarial, Risk, Institutional BFO, Investments, and Technology stakeholders to understand current-state modeling, forecasting, and reporting processes.
- Interpret actuarial liability model outputs and understand their implications for financial projections, statutory capital, economic capital, and Bermuda capital requirements.
- Develop a strong understanding of key model methodologies, assumptions, inputs, and outputs, including areas such as BEL, policyholder behavior, liability cash flows, and capital requirements.
- Support capital forecasting and scenario analysis across GAAP, Statutory, Economic, and Bermuda reporting lenses.
- Evaluate how changes in actuarial assumptions, product economics, investment strategy, reinsurance, and institutional transactions flow through financial and capital results.
- Partner with actuarial modeling teams to understand and challenge methodologies and assumptions and translate resulting business needs into actionable requirements.
- Support the enhancement of legal-entity capital projection, forecasting, and scenario-modeling capabilities.
- Translate complex actuarial, insurance, and capital concepts into clear business, data, and technology requirements.
- Identify dependencies and data flows across actuarial models, Investments, General Ledger, Tax, Finance, and capital reporting.
- Help modernize fragmented modeling and reporting processes by improving data integration, automation, controls, transparency, and scalability.
- Partner with Technology and Data teams throughout solution design and implementation, ensuring solutions remain grounded in the underlying business and regulatory requirements.
- Support analysis of new products, institutional transactions, reinsurance structures, and other strategic initiatives to understand their financial and capital implications.
- Communicate complex modeling and capital concepts clearly to senior business and technology stakeholders and drive alignment across functional teams.
Ideal Background
- 10+ years of experience within life and annuity insurance, reinsurance, actuarial consulting, insurance finance, capital management, or a closely related discipline.
- Strong understanding of life and annuity actuarial modeling, financial projections, statutory reporting, and insurance capital.
- Working knowledge of multiple financial and regulatory frameworks, ideally including US GAAP, US Statutory, economic capital, and Bermuda regulatory/capital frameworks.
- Experience with RBC, BEL, BSCR, ORSA, ALM, reinsurance, or legal-entity capital forecasting strongly preferred.
- Demonstrated ability to understand actuarial models and translate their assumptions and outputs into financial, capital, and business implications.
- Experience leading or supporting finance, actuarial, capital, data, or technology transformation initiatives within a complex insurance organization.
- Strong business analysis skills with the ability to move from current-state processes and business problems to clearly articulated requirements and future-state solutions.
- Experience partnering across Actuarial, Finance, Investments, Risk, Data, and Technology organizations.
- Executive-level communication and stakeholder-management skills, with the credibility to challenge senior subject-matter experts and drive alignment across functions.
- FSA/ASA, CFA, CPA or other relevant professional designation is valuable but not necessarily required, depending on depth of functional experience.
- Experience with actuarial modeling platforms, Python, SQL, AI, or advanced analytics is beneficial, but this is not primarily a model-development or coding role.
Profile of Success
The strongest candidate will combine the insurance and actuarial fluency of a senior subject-matter expert with the business orientation of an FP&A/capital leader and the translation skills of a transformation professional.
They should be able to sit with an actuary and understand how assumptions drive liability projections, sit with Finance and explain the resulting impact on earnings and capital, sit with Institutional BFO or Investments and understand the business implications, and then work with Technology to define what needs to change in the underlying data, models, processes, and reporting.
About Korn Ferry
Korn Ferry unleashes potential in people, teams, and organizations. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers. To learn more, please visit Korn Ferry at www.Kornferry.com
