About Us

At Oceanview Life and Annuity Company, we are more than a financial services provider-we are a team dedicated to empowering individuals on their journey toward a financially secure retirement. Founded in 2018 and backed by Bayview Asset Management-a leading investment firm with approximately $19.1 billion in assets under management as of May 31, 2024-we have rapidly grown to over $13 billion in consolidated assets as of June 30, 2024.

Our mission is rooted in simplicity and transparency. We offer straightforward annuity solutions and personalized service, allowing our clients to make confident decisions about their financial futures. Recognized for our financial strength with an "A" (Excellent) rating from A.M. Best, we provide the stability and trust our clients and employees can rely on.

Why Join Oceanview?

• Impactful Work: Contribute to a company that genuinely makes a difference in people's lives by simplifying retirement planning and providing peace of mind.
• Growth and Innovation: Be part of a rapidly expanding organization that encourages innovation and values your ideas.
• Collaborative Environment: Work alongside a team of seasoned asset managers and financial experts who are committed to excellence and professional development.
• Commitment to Excellence: Join a company that prides itself on financial strength, competitive rates, and personalized solutions tailored to clients' unique needs.
  Strong Partnerships: Engage with a broad network of over 16,000 agents, independent marketing organizations, banks, and broker-dealers.
  

At Oceanview, we believe that our employees are our greatest asset. We are committed to fostering a supportive and dynamic work environment where you can thrive both personally and professionally. If you are passionate about making a meaningful impact and advancing your career in the financial services industry, we invite you to explore opportunities with us.

Senior Actuary

Our client provides reinsurance of asset intensive policies such as annuities, issued in the United States and Asia, and has a strong commitment to underwriting discipline and financial strength.

Reporting to the Chief Actuary, the Senior Actuary is a strategic leader and a key member of the actuarial team. The Senior Actuary will have responsibility for a broad range of tasks including valuation, modeling, and reporting. In addition, the role will support the Chief Actuary with various tasks including financial analysis, capital planning and regulatory reporting. The ideal candidate will be a strategic leader with technical proficiency and the ability to drive change, navigating ambiguity and producing commercial results.

This position will be based in Indianapolis (Hybrid, 3 days a week).

Key Responsibilities:

• Perform quarterly actuarial valuation and annual assumption setting process.
• Support the actuarial aspects of financial reporting, business planning projections as well as regulatory filings.
• Performing in-depth experience analysis on life and annuity decrements and policyholder behavior.
• Support interactions with external auditors and the external Approved Actuarial team.
• In coordination with the Chief Risk Officer work to implement the design and documentation of actuarial controls and critical actuarial risk governance policies.
• Review and validate MG-ALFA outputs including asset and liability cashflows.
• Analyze and explain quarterly changes in statutory reserves.
• Facilitate monthly reinsurance settlement process, reviewing for accuracy and completeness.
• Other ad hoc projects and tasks as required.

Minimum Requirements, Skills & Experience:

• Bachelor's degree in a quantitative discipline such as mathematics, statistics, actuarial science, etc.
• Fellow of the Society of Actuaries or equivalent designation.
• 7 years' post fellowship actuarial experience with a strong preference for annuity reinsurance and asset modeling exposure.
• Knowledge of key financial reporting, accounting, and solvency regimes, including Bermuda Monetary Authority and / or Cayman Islands Monetary Authority regulations and Solvency II, US GAAP, US Statutory, and US tax.
• Experience with actuarial valuation software such as MG-ALFA required, experience in programing and systems automation a plus.
• Experience with actuarial valuation process design, controls, and automation preferred.
• Previous experience in pricing and valuation of annuity products or blocks of policies a plus.
• Familiarity with fixed deferred annuities (FIA, MYGA).
• Strong interpersonal and communication skills with sound judgment and decision-making.
• Able and willing to work on multiple projects and meet tight deadlines as needed.

Compensation:

Position located in Indianapolis (Hybrid: in office Tuesday - Thursday). Competitive salary, bonus, and benefits package commensurate with experience. Actuarial exam support.