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Principal Actuary – Corporate Development – Ares Insurance Solutions
Company | Ares Management |
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Location | New York, NY, USA |
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Salary | $200000 – $275000 |
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Type | Full-Time |
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Degrees | Bachelor’s |
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Experience Level | Senior, Expert or higher |
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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