AAA Life Insurance Company

Senior Actuary

AAA Life Insurance Company  •  Livonia, MI (Hybrid)  •  1 month ago
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Job Description

Why AAA Life

AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.

How You’ll Work

Work Solution: Hybrid

Responsibilities

What You'll Do

This role leads enterprise risk management activities, with ownership of asset model conversions and Asset‑Liability Management (ALM), including Cash Flow Testing (CFT) and capital projections. The position is accountable for assessing financial resilience through integrated ALM frameworks, leveraging converted asset models and scenario‑based projections to support financial strength, risk appetite, and strategic decision‑making.

The role serves as a subject‑matter expert and strategic partner to Investments, Finance, ERM, and Valuation, with responsibility for complex modeling frameworks, assumption governance, and cross‑functional initiatives. The individual is expected to operate independently at a senior level, influence decisions, and communicate results to actuarial leadership and risk committees.

This position is expected to interact broadly across all areas of the organization and serve as a coach and mentor to less experienced actuaries. The role will assist in planning and organizing both short‑ and long‑term activities necessary to achieve established goals and is expected to stay current on emerging trends, regulatory developments, and market dynamics impacting the life insurance and annuity business.

  • Lead asset model conversion initiatives, including development, enhancement, governance, and maintenance of asset and liability models supporting all lines of life insurance and annuities
  • Utilize asset projection platforms such as BondEdge and/or Bloomberg, and actuarial modeling tools such as MG‑ALFA or Slope, to support modeling and analysis
  • Ensure models support multiple use cases, including Valuation, Corporate Planning, Investment Analysis, Cash Flow Testing (CFT), Principle‑Based Reserving (PBR), Reinsurance, and Capital Projections
  • Lead Asset‑Liability Management (ALM) valuations, including CFT and capital projections, ensuring consistency across asset and liability modeling frameworks
  • Monitor and incorporate evolving actuarial standards and regulatory changes into modeling and valuation processes
  • Partner with Investments, Finance, ERM, Valuation and IT to ensure alignment across modeling frameworks, assumptions, and risk assessments
  • Clearly communicate complex actuarial results and recommendations to actuarial leadership, senior management, and risk committees, translating technical analysis into actionable insights
  • Provide technical guidance, coaching, and mentorship to less‑experienced actuaries, promoting sound actuarial practices and knowledge sharing

Qualifications

Qualifications

Basic Required Qualifications:

  • Strong analytical and problem‑solving skills with the ability to interpret and communicate complex results
  • Proficient in Excel, SQL, and/or Microsoft Access, with experience programming, testing, and enhancing actuarial or financial reporting processes
  • Advanced experience with actuarial modeling platforms such as MG‑ALFA, Slope, or similar tools
  • Experience using asset projection and analytics platforms such as BondEdge and/or Bloomberg
  • Working knowledge of insurance regulations, including asset adequacy testing, RBC requirements, and Principle‑Based Reserving
  • Demonstrated ability to identify process improvements, learn company systems and actuarial methodologies efficiently, and collaborate effectively across departments

Preferred Qualifications:

  • Bachelor’s Degree in Actuarial Science, Computer Science, Mathematics, or a related field
  • A Fellow of the Society of Actuaries (FSA) Designation or equivalent work experience
  • Minimum of eight years’ experience in the actuarial field. Life Insurance and/or annuity experience preferred

While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands to finger, handle, or feel, talk, hear and concentrate. Specific vision abilities required by this job include close vision, distance vision, depth perception, and ability to adjust focus.

This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodation will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.

AAA Life Insurance Company does not offer immigration sponsorship for this position. This includes visa types such as H-1B, TN, and STEM OPT. Please do not apply if you currently require or may require employer-sponsored immigration support now or in the future.

#LI-Hybrid

AAA Life Insurance Company

About AAA Life Insurance Company

AAA Life Insurance Company is fueled by our mission of providing financial security and peace of mind to AAA members through our life insurance products, delivering on the outstanding customer service that members have come to expect from the AAA brand. Whether you purchase a policy through our trusted agents, online, over the phone, or by mail, our focus is fulfilling on the promise we make to you.

Founded in 1969, AAA Life is built on the trust Americans place in the AAA brand. We are continually inspired to be a leading provider of life insurance to AAA members. Our priority is to ensure our policyholders have a smooth and easy process in securing life insurance coverage, with innovative products and exceptional customer service that meet their needs at whatever stage of life they are in. With over 1.8 million active policies, AAA Life has a rating of A (Excellent) from AM Best as of August 2024.

Our mission and vision are exemplified in our associates, who work collaboratively to fulfill our core values which include putting members first, enhancing the AAA brand, inclusive diversity and working in symphony to drive results that deliver on our promise to AAA members and contribute to the success of AAA Life.

Join AAA Life, our associates, our agents and AAA club partners as we continue on life’s journey together.

Life insurance underwritten and annuities offered by AAA Life Insurance Company, Livonia, Michigan. AAA Life Insurance Company is licensed in all states except NY.

CA Certificate of Authority #07861. Products and their features may not be available in all states.

Industry
Finance & Insurance
Company Size
501-1,000 employees
Headquarters
Livonia, MI
Year Founded
1969
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