Director, Model Development at Prosperity Life Group, LLC. | NY, US | Rezi

Director, Model Development at Prosperity Life Group, LLC.

Director, Model Development

Prosperity Life Group, LLC. · NY, US

Yesterday

Director, Model Development

Prosperity Life Group, LLC. · NY, US

2 days ago
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About the Role

We are seeking a Director, Model Development, to lead critical modeling initiatives within a fast-paced, high-growth environment. This role combines deep actuarial modeling expertise with strong project leadership to drive the development, enhancement, and modernization of enterprise actuarial models supporting financial reporting, capital management, and strategic decision-making. You will oversee multiple modeling workstreams, support complex business initiatives, and help shape the future state of Prosperity Life's actuarial architecture.

Responsibilities

  • Maintain and enhance actuarial models and processing tools supporting Statutory reporting, including Cash Flow Testing and Principle-Based Reserves (PBR)
  • Support models used for Embedded Value, Business Planning, and U.S. GAAP reporting under LDTI
  • Ensure modeling outputs are accurate, timely, and aligned with reporting and business requirements
  • Execute the future-state modeling platform strategy, including model conversions and architecture modernization initiatives
  • Lead efforts to improve model quality, scalability, governance, and operational efficiency
  • Support enterprise initiatives related to LDTI, PBR, capital management, and actuarial transformation
  • Manage multiple modeling workstreams and strategic projects simultaneously, ensuring successful delivery against priorities and timelines
  • Coordinate cross-functional stakeholders to drive execution of key actuarial initiatives
  • Balance hands-on technical engagement with overall project oversight and leadership
  • Drive initiatives that improve end-to-end modeling processes and reduce financial reporting cycle times
  • Enhance modeling controls, analytics, automation, and documentation standards
  • Identify opportunities to improve efficiency, transparency, and user experience across actuarial tools and processes
  • Support in-force management, actuarial due diligence, regulatory field testing, and model validation activities
  • Help develop transaction pricing models for capital management initiatives, including financial reinsurance transactions
  • Support regulatory filings and analyses associated with strategic capital initiatives
  • Lead, mentor, and develop a high-performing team of actuarial professionals
  • Foster a culture of technical excellence, continuous improvement, and collaboration
  • Support the development and implementation of modeling standards, best practices, and governance frameworks

Requirements

  • Fellow of the Society of Actuaries (FSA)
  • 7+ years of actuarial experience, including experience leading teams and complex initiatives
  • Deep expertise in U.S. Statutory accounting, including PBR
  • Deep expertise in U.S. GAAP accounting, including LDTI
  • Strong experience with life and annuity products
  • Proven ability to lead multiple projects and workstreams simultaneously
  • Strong executive communication and presentation skills
  • Experience presenting complex analyses to senior leadership and Board-level audiences
  • Demonstrated success developing and leading high-performing technical teams

Skills

  • Actuarial Modeling Strategy & Technical Leadership
  • Project & Portfolio Leadership
  • Capital Management & Financial Insight
  • Process Transformation & Innovation
  • Executive Communication & Business Partnership
  • People Leadership & Talent Development
  • MG-ALFA
  • actuarial cash flow modeling platforms
  • ARCVAL CASE
  • asset modeling
  • SQL
  • Python

Location

  • NYC area
  • remote

Work Type

  • Hybrid

Experience Level

  • 7+ years

Education Level

  • Fellow of the Society of Actuaries (FSA)

Benefits

  • comprehensive medical, dental, and vision coverage
  • HSA and 401(k) company match
  • paid time off
  • employer-paid life and disability insurance

About the Company

  • We’re a fast-growing, privately held insurance company on a path to becoming a leading U.S. retail platform.
  • We believe every client and customer relationship holds the potential to become something greater—and the same is true for our people.
  • As we grow, we’re redefining how great talent connects with meaningful work, enabling our ambitious strategy while building a culture of high performance, creativity, and partnership.

Equal Opportunity

  • We are committed to equal employment opportunity and encourage people from all backgrounds to apply.
  • We make hiring decisions based on merit and do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, disability, or any other protected status.
  • If you need an adjustment or accommodation due to a disability or medical condition during the hiring process, please let your recruiter know.