Legacy variable annuity platform managing acquired insurance portfolios
Venerable manages variable annuity businesses acquired from other insurers, operating across legacy systems heavily dependent on Excel, SQL Server, and Power BI. Current initiatives center on migrating spreadsheet-driven workflows to databases and automating investment data pipelines — a concrete signal that operational maturity is being rebuilt from acquired assets. Finance and data hiring dominates the active headcount, indicating a shift from pure portfolio management toward data infrastructure.
Venerable owns and operates legacy variable annuity businesses acquired from other entities, with operations based in West Chester, Pennsylvania and Des Moines, Iowa. The company was created by investor affiliates of Apollo Global Management, Crestview Partners, Reverence Capital Partners, and Athene Holdings, with roots tracing to ventures originally begun by ING Group and later evolved through Voya Financial. Venerable manages investment portfolios, handles derivative performance tracking, monitors liquidity and reinsurance arrangements, and develops pricing assumptions across acquired blocks of business. The technical footprint reflects a company integrating legacy systems: Excel remains entrenched across operations, though active projects target migration to database architectures and automated reporting dashboards.
Primary tools: Excel, SQL Server, Power BI, Python, R, SQL, and VBA. MATLAB and C++ are also in use. The company is actively migrating away from Excel toward database-backed systems for data storage and reporting.
West Chester, Pennsylvania, with additional operations in Des Moines, Iowa. Hiring is currently restricted to the United States.
Key projects include migrating Excel data to databases, building investment data dashboards and ingestion pipelines, automating assumption-setting processes, developing portfolio analysis tools, and optimizing investment performance to reduce fund basis slippage.
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