Job Description
Description:
Company Description:
Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $12.1 billion as of September 30, 2023. Aspida, through its U.S. platform – Aspida Life Insurance Company – is focused on leveraging technology and agility to help clients achieve – and protect – their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions. Aspida seeks to be a trusted partner in its clients’ financial security while driving its growth by doing good for the communities it serves. Aspida is backed by Ares Management Corporation, which, through the Ares Insurance Solutions team, provides dedicated investment management, capital solutions and corporate development support. For more information, please visit aspida.com or follow them on LinkedIn, Facebook.
Who We Are:
Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.
Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.
What We Are Looking For:
The Associate Actuary role will support the pricing and product development function while bringing innovation and an entrepreneurial mindset to a growing team. This role will gain exposure to all aspects of actuarial work and will report to the Senior Pricing Actuary. This is a hybrid role and is required to be onsite 3 days a week at our Durham, NC headquarters.
What You Will Do:
· Develop and price annuity products in AXIS.
· Maintain pricing model for routine rate setting.
· Implement new products, assumptions, and features.
· Sensitivity testing, risk analysis, and product feature evaluation.
· Work closely with cross functional areas: Actuarial, finance, distribution, strategy, compliance, technology, investments, data science.
· Assist in the enhancement of existing processes and analytics with a focus on controls and consistency.
· Collaborate with business partners in operations, valuation, and finance.
· Support ad hoc projects and processes.
· Research emerging market trends and products.
What We Provide:
· Salaried, DOE
· Full-Time
· Full Benefits Package Available
What We Believe:
At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.
Requirements:
What We Require:
· Minimum of 3 years of actuarial experience.
· Experience with annuity products.
· Strong communication – oral, written, interpersonal and presentation – skills.
· Results oriented, ability to meet and exceed objectives.
· Highly motivated, conceptual thinker who can work independently or in a team on a wide variety of assignments.
· Strong technical and analytical skills, especially in working with large data sets.
· Experience with AXIS or other actuarial modeling systems.
· Familiarity with R, Python, or a similar statistical software or programming languages.