Mutual of Omaha Careers

VP and Actuary

Apply now Job no: 505393
Work type: Full Time Regular
Location: Hybrid
Categories: Actuarial

The VP & Actuary, Capital Management & Strategy will provide enterprise leadership for capital management, reinsurance strategy, and new business value and return reporting, while providing strategic input to and supporting asset liability management (ALM). This senior actuarial leader will connect these disciplines to help shape how the company manages, allocates, and deploys capital to support business objectives and long-term growth. The role requires the ability to translate complex actuarial and financial analysis into strategic recommendations that inform executive leadership and Board-level decisions.

WHAT WE CAN OFFER YOU:

  • Estimated Salary: Minimum: $176,500 - $242,750, plus annual bonus opportunity.
  • 401(k) plan with a 2% company contribution and 6% company match.
  • Work-life balance with vacation, personal time and paid holidays. See our benefits and perks page for details.
  • Applicants for this position must not now, nor at any point in the future, require sponsorship for employment. 

WHAT YOU'LL DO:

  • Lead enterprise capital management, including capital forecasting, allocation, liquidity, stress analysis, and recommendations for effective capital deployment. 
  • Develop and execute reinsurance strategy, including traditional and structured solutions, Bermuda-based structures, and captive opportunities that enhance capital efficiency. 
  • Provide strategic input to and partner with the team that owns asset liability management (ALM), helping connect asset strategy, liability characteristics, liquidity, interest-rate risk, and capital considerations. 
  • Oversee new business value, return metrics, and hurdle rates for product pricing, ensuring the company issues profitable new business across all product lines and that pricing and hurdle rates appropriately reflect the risk of those products. 
  • Build and develop a high-performing actuarial team, establishing a culture of high expectations, accountability, continuous development, and genuine care for people. 
  • Serve as a trusted enterprise business partner, building strong relationships across the organization and communicating complex actuarial and financial matters with confidence and clarity to executive leadership and the Board of Directors. 
 

WHAT YOU’LL BRING:

  • Fellow of the Society of Actuaries (FSA) designation. 
  • Significant life insurance experience across several disciplines, including capital management, product economics, ALM, reinsurance, valuation, pricing, or enterprise risk. 
  • Strong understanding of statutory capital, risk-based capital (RBC), and the economics of life and annuity products. 
  • Demonstrated success leading teams, influencing across organizational boundaries, and building strong enterprise partnerships. 
  • Executive presence and the ability to communicate complex technical and financial concepts, make strategic recommendations, and effectively present to senior executives and a Board of Directors. 
  • You promote a collaborative culture, value different ideas and opinions, and listen courageously, remaining curious in all that you do.
  • While candidates who reside in the Omaha area are strongly preferred to allow for a hybrid work setup, we are open to fully-remote for the right candidate.

PREFERRED:

  • Experience creating and implementing an offshore (Bermuda) or onshore captive or affiliated reinsurance vehicle to improve capital efficiency, including direct experience with the Bermuda life reinsurance market and applicable regulatory considerations. 
  • Experience with capital-motivated reinsurance transactions, including capital release, ongoing economics, collateral, and governance. 

We value unique experience, skills, and passion for innovation. If your experience aligns with the listed requirements, please apply! 

If you have questions about your application or the hiring process, email our Talent Acquisition area at careers@mutualofomaha.com. Please allow at least one week from time of applying if you are checking on the status.

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