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Head of Valuation

Head of Valuation

Apply Location Greenwood Village, Colorado Workplace Flexibility Hybrid Date posted 09/26/2023 Job ID R.0043016

Grow your career with a growing organization

Whether they’re helping people reach their long-term financial goals or providing personal wealth management strategies, every associate contributes to changing the lives of those we serve for the better. When it comes to job satisfaction, that’s hard to beat. And from a personal satisfaction perspective, you’ll enjoy the freedom to support causes that matter to you and experience a truly inclusive work environment. Your future starts now.

The Head of Valuation will supervise valuations of actuarial reserves and liabilities for annuity and life products. In addition, this role is accountable for asset adequacy testing, and asset and liability modeling used in a variety of firm-wide initiatives. The Vice President is responsible for building relationships with finance, internal audit, information technology, and investments. This role will be leading and improving valuation processes while managing a team of over 20 professionals.

The incumbent will be responsible for overseeing the actuarial financial reporting processes across all insurance related products and legal entities for Statutory, Tax, and IFRS accounting bases.

What you will do

  • Appointed actuary responsibilities for Empowers U.S. insurance segments.

  • Thorough understanding of methodologies and procedures in the actuarial financial reporting process, with the ability to modify/modernize as needed.

  • Lead a team of valuation actuaries and analysts, ensuring accurate and compliant valuation of their product portfolios.

  • Oversee the preparation of accurate and timely financial reporting of actuarial accounting elements.

  • Provide thought leadership in analyzing and anticipating changes to Stat, Tax, and IFRS laws, regulations, and guidelines. Remain current on all changes regarding financial reporting and regulatory changes.

  • Further develop and maintain actuarial financial models for business planning, cash flow testing, and other projection needs

  • Assist in the assumption setting process.

  • Monitor new product development and ensure financial reporting processes are properly adjusted to support new products.

  • Proactively manage and mentor actuarial team, providing leadership and professional guidance to maintain and enhance actuarial engagement and career development.

What you will bring

  • Must be an FSA, MAAA, with 15+ years of experience, primarily in financial reporting

  • Previous leadership experience

  • Excellent verbal and written communication skills

  • Previous experience with insurance products within retirement plans preferred

  • Proven ability to collaborate across cross-functional teams and build relationships with internal and external stakeholders.

***Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.***

What we offer you

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

  • Medical, dental, vision and life insurance
  • Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
  • Tuition reimbursement up to $5,250/year
  • Business-casual environment that includes the option to wear jeans
  • Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
  • Paid volunteer time — 16 hours per calendar year
  • Leave of absence programs – including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
  • Business Resource Groups (BRGs) - internal networks that rally around common interest, experiences and identities such as race, ethnicity, gender, ability, military status and sexual orientation. BRGs play a vital role in educating and engaging our people and advancing our business priorities.

Base Salary Range

$176,200.00 - $255,475.00

The salary range above shows the typical minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Equal opportunity employer  Drug-free workplace

We are an equal opportunity employer with a commitment to diversity.  All individuals, regardless of personal characteristics, are encouraged to apply.  All qualified applicants will receive consideration for employment without regard to age (40 and over), race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law. 

***For remote and hybrid positions you will be required to provide reliable high-speed internet with a wired connection as well as a place in your home to work with limited disruption. You must have reliable connectivity from an internet service provider that is fiber, cable or DSL internet. Other necessary computer equipment, will be provided. You may be required to work in the office if you do not have an adequate home work environment and the required internet connection.***

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