Assistant Actuary - Annuity Statutory / PBR Valuation

Job Description Ameritas is seeking an Assistant Actuary — Annuity Statutory / PBR Valuation to join the Corporate Actuarial Annuity Valuation team. This position contributes to the growth of the annuity product portfolio of the organization through active collaboration within valuation and across functional areas. This role is a foundational hire for Ameritas’ newly established VM-22 Principle-Based Reserving function, supporting the ongoing VM-22 valuation of non-variable annuity products as Ameritas expands its annuity portfolio, requiring the team to build valuation infrastructure and product knowledge concurrently. Reporting to the Director, Annuity Statutory Valuation with matrix reporting to both the functional Valuation leader and the Liability Product Owner, the incumbent is primarily responsible for performing quarterly statutory and PBR valuations, developing and enhancing analytical tools, and providing analysis of financial results. The individual in this position is expected to contribute actuarial judgment, intellectual ownership, and technical depth across the full VM-22 project lifecycle — from assumption development and model design through sensitivity analysis, governance documentation, and reporting process build-out. This position can be remote (within the U.S.A.) or hybrid (Lincoln, NE; Cincinnati, OH) depending on proximity to an office location. What you do: Perform quarterly statutory and tax valuation for non-variable annuity products under current CARVM/Actuarial Guideline frameworks and the VM-22 PBR framework upon implementation; produce quarter-over-quarter reserve movement analysis with clear attribution of drivers for management review and audit. Partner with the Liability Product Owner (LPO) to complete assigned valuation tasks, including valuation model user acceptance testing (UAT); ensure valuation data integrity and model soundness through established governance procedures, controls, reasonableness checks, and audit processes. Support VM-22 implementation end to end — define valuation model and data requirements, participate in user acceptance testing, ensure data, model and valuation process production readiness. Key contributor to VM-22 actuarial assumption setting and testing — including mortality, lapse, partial withdrawals, crediting strategy, expenses, and other actuarial assumptions; actively participate in assumption working groups by quantifying the impact of proposed changes and providing reasonableness assessments. Manage VM-22 valuation data pipelines from input to output; ensure end-to-end data lineage and audit traceability. Draft and maintain VM-31 Actuarial Report content, valuation procedure documentation, and workflow controls; fulfill annual statement and survey obligations; support internal and external audit and regulatory examination requests; execute 1st line controls and attest to required governance deliverables quarterly. Develop and enhance PBR valuation and reporting processes and analytical tools to deliver greater management insights into financial results; serve as the primary actuarial source for VM-22 reserve analysis supporting FP&A earnings analysis, and management presentations; respond to ad hoc senior leadership requests on reserve movements, assumption change impacts, and capital strain. Produce liability assumption and scenario sensitivity analyses and stress test results; support hedging program evaluation and hedging effectiveness testing as well as industry and rating agency surveys; collaborate across the organization with Finance, Risk, IT, Pricing, Capital Management, and external consultants on VM-22 production readiness and cross-functional initiatives. What you bring: Bachelor’s degree in actuarial science, mathematics, statistics, or equivalent required. ASA designation required. Active pursuit of FSA strongly preferred. Minimum 3–5 years of annuity valuation experience; experience with VM-22 and/or VM-21 statutory valuation required. Annuity LDTI/GAAP experience preferred. Advanced knowledge of actuarial mathematics and PBR concepts including stochastic modeling and CTE measures; familiarity with GOES and its application across VM-20/VM-21/VM-22 frameworks; knowledge of AG-33, AG-35, or AG-43 preferred. Knowledge of C-3 Phase I / Phase II RBC capital frameworks and asset adequacy testing (CFT/AAT); understanding of FIA hedging mechanics, option budget frameworks, and index crediting strategy; experience with dynamic lapse assumption modeling including competitor rate benchmarking preferred. In-depth knowledge of actuarial modeling software; Prophet strongly preferred; experience with data management and analytic tools including SQL (required), Snowflake, and Power BI. Strong technical writing skills with ability to produce clear documentation of actuarial methodology, assumptions, and results; VM-31 Actuarial Report drafting experience and familiarity with regulatory examination processes preferred. Superior analytical and problem-solving skills with a genuine desire to learn; effective communication skills with ability to convey complex actuarial concepts to Finance, Risk, FP&A, and senior management audiences. What we offer: A meaningful mission. Great benefits. A vibrant culture Ameritas is an insurance, financial services and employee benefits provider Our purpose is fulfilling life. It means helping all kinds of people, at every age and stage, get more out of life. At Ameritas, you’ll find energizing work challenges. Flexible hybrid work options. Time for family and community. But dig deeper. Benefits at Ameritas cover things you expect -- and things you don’t: Ameritas Benefits For your money: • 401(k) Retirement Plan with company match and quarterly contribution. • Tuition Reimbursement and Assistance. • Incentive Program Bonuses. • Competitive Pay. For your time: • Flexible Hybrid work. • Thrive Days - Personal time off. • Paid time off (PTO). For your health and well-being: • Health Benefits: Medical, Dental, Vision. • Health Savings Account (HSA) with employer contribution. • Well-being programs with financial rewards. • Employee assistance program (EAP). For your professional growth: • Professional development programs. • Leadership development programs. • Employee resource groups. • StrengthsFinder Program. For your community: • Matching donations program. • Paid volunteer time– 8 hours per month. For your family: • Generous paid maternity leave and paternity leave. • Fertility, surrogacy, and adoption assistance. • Backup child, elder and pet care support. An Equal Opportunity Employer Ameritas has a reputation as a company that cares, and because everyone should feel safe bringing their authentic, whole self to work, we’re committed to an inclusive culture and diverse workplace, enriched by our individual differences. We are an Equal Opportunity/Affirmative Action Employer that hires based on qualifications, positive attitude, and exemplary work ethic, regardless of sex, race, color, national origin, religion, age, disability, veteran status, genetic information, marital status, sexual orientation, gender identity or any other characteristic protected by law. Application Deadline This position will be open for a minimum of 3 business days or until filled. This position is not open to individuals who are temporarily authorized to work in the U.S.