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Principal Actuary – Corporate Development – Ares Insurance Solutions

Principal Actuary – Corporate Development – Ares Insurance Solutions

CompanyAres Management
LocationNew York, NY, USA
Salary$200000 – $275000
TypeFull-Time
DegreesBachelor’s
Experience LevelSenior, Expert or higher

Requirements

  • Undergraduate and / or advanced degrees
  • FSA designation or career ASA, or equivalent, preferred
  • 10-20 years of actuarial experience
  • Insurance product knowledge required; annuities products preferred, life insurance product knowledge helpful
  • Self-starter with intellectual curiosity and the ability to seek a path forward without perfect information
  • Excellent communication skills to articulate complex actuarial concepts to diverse stakeholders
  • Understanding of accounting, regulatory, risk management, and strategic frameworks under which insurers operate is highly desirable
  • Experience with reinsurance structuring and knowledge of different forms of reinsurance is a plus
  • Strong problem-solving abilities and experience in understanding and solving complex issues
  • High level of integrity, enabling the candidate to become a trusted partner to clients and peers
  • Ability to work independently and collaboratively, making informed decisions under pressure

Responsibilities

  • Collaborate with team members to assess, price & structure M&A and reinsurance transactions (block & flow) to help the Aspida Re platform grow inorganically
  • Analyze due diligence materials, including actuarial appraisals, CIM, policy forms, CFT memos, and insurance liability cashflows
  • Utilize insurance knowledge (US NAIC, Bermuda BMA, Cayman), accounting (GAAP and Statutory), and liability expertise
  • Develop transaction or investment committee memos documenting targets, assets, liabilities, diligence findings, and pricing results for senior management, investors, and the Board of Directors
  • Clearly communicate business and mathematical concepts embedded in quantitative models and provide thorough model documentation
  • Maintain strong relationships with Ares insurance and investment professionals, as well as insurance professionals within Aspida
  • Take external and internal meetings, effectively communicating results and methodologies

Preferred Qualifications

  • Direct M&A and reinsurance experience, either sell-side or buy-side, preferred
  • Mentor and provide guidance to the actuarial team, supporting their professional development and technical expertise