We are seeking a seasoned actuarial professional to support critical initiatives related to federal tax computations, product compliance, reinsurance activities, and financial reporting. This role is pivotal in ensuring compliance with regulatory standards, optimizing tax treatment for products, and enhancing actuarial analyses for the company’s strategic projects. By collaborating with departments such as finance, legal, and actuarial, you will gain a comprehensive understanding of the organization and its operations.
Key Responsibilities
Tax Compliance and Analysis
- Ensure actuarial components of federal tax computations align with U.S. tax laws for domestic and foreign entities.
- Analyze the actuarial implications of existing and new tax regulations, rulings, and laws.
- Develop and implement processes for integrating tax laws into actuarial components, including reserves, DAC tax, and reinsurance.
- Support IRS audits and collaborate with internal and external auditors.
- Assist in preparing and reviewing actuarial data for inclusion in tax returns and financial statements.
Product Tax Compliance
- Ensure proposed products and enhancements meet actuarial tax requirements to maintain favorable tax treatment.
- Collaborate closely with the legal and actuarial teams to optimize tax reserves.
Reinsurance Valuation and Pricing
- Ensure reinsurance valuation and pricing analyses appropriately account for tax impacts.
- Build models to assess tax costs related to actuarial reserves and DAC tax.
- Evaluate financial impacts of various transaction or reinsurance structures.
Tax Actuarial Adjustments and Reporting
- Prepare actuarial submissions for U.S. tax returns, GAAP and STAT reporting, embedded value, and cash flow testing.
Strategic Projects and Industry Representation
- Contribute to projects addressing actuarial tax-related aspects, including reinsurance and M&A transactions.
- Represent the company on industry groups and committees.
- Assess and communicate the impacts of tax reform on actuarial processes.
- Provide training to tax departments on actuarial-related topics.
Required Qualifications
- ASA certification (FSA preferred) with a minimum of 8 years of actuarial experience.
- Proven experience in reinsurance and a broad actuarial background in financial reporting, projections, reserves, pricing, and product development.
- Strong oral and written communication skills to convey complex actuarial tax concepts to diverse audiences.
- Exceptional organizational and time management skills, with the ability to handle independent research assignments.
- A collaborative approach and ability to work effectively across cross-functional teams.
Preferred Skills and Attributes
- Familiarity with NAIC Stat Accounting concepts or willingness to learn.
- Interest in learning U.S. tax and reporting standards.
- Desire to gain expertise in product offerings and their tax implications.
- Experience with corporate or policyholder tax work is a plus.
- Leadership skills in mentoring and training staff.
Why Join Us?
This is an opportunity to play a significant role in shaping the actuarial processes within a leading insurance company while expanding your expertise in tax and reinsurance. Your work will contribute directly to strategic decisions, compliance excellence, and operational efficiency.
Ready to take your actuarial career to the next level? Apply today!
