Senior Actuary - Annuity Pricing and Product Development
New
Source API remote eligibility restrictions: United States
This position could be filled within any of the lower 48 U.S. states.Full-TimeSenior
Salary149,000 - 262,000 USD per year
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Job Details
- Experience
- Typically, at least eight years of actuarial experience.
- Required Skills
- VBATableauProduct DevelopmentMicrosoft ExcelMicrosoft Office
Requirements
- Fellow of the Society of Actuaries (FSA)
- Strong actuarial experience in annuity pricing, product development, actuarial modeling, or related actuarial ownership work
- Deep AXIS modeling capability and the ability to work independently in a pricing model environment
- Prior experience owning, updating, or enhancing actuarial models used for pricing or product development
- Ability to assess risk, pricing implications, and business tradeoffs with strong actuarial judgment
- Strong communication and collaboration skills with the ability to partner effectively across business, actuarial, and leadership teams
- Fixed indexed annuity experience
- Annuity pricing experience
- Product development experience
- Actuarial model development or model ownership experience
- Experience presenting to leadership or governance committees
- Undergraduate degree in actuarial science, mathematics, statistics or similar background requiring modeling, programming, or quantitative analysis.
- Experienced knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases; knowledge of company operations, products, systems and actuarial methodologies.
- Knowledge of industry and regulatory practices is vital.
- Proficiency in Microsoft Office products (including VBA within Access and Excel), analytical software (such as tableau) and programming languages.
- Proficient level of organizational agility, influencing skills, strategic agility, inspiring others, business perspective and accounting.
Responsibilities
- Own and enhance the fixed indexed annuity pricing model used to support product development and pricing decisions
- Lead actuarial pricing analysis for new products, product features, and product changes
- Translate business partner needs and market opportunities into actuarial model updates and pricing recommendations
- Evaluate product competitiveness, profitability, assumptions, and risk tradeoffs across annuity products
- Support the full product development and pricing cycle from concept through internal governance and risk committee presentation
- Perform ad hoc product analysis to help the business respond quickly to market and pricing needs
- Present actuarial findings and recommendations clearly to both technical and non-technical audiences
- Provides strategic direction and knowledge for the compilation, categorization and analysis of data and financial reporting and analysis.
- Constructs sophisticated testing tools and analyzes product calculations.
- Leads, provides expertise and builds strategies for pricing and implementation of products.
- Constructs, maintains and completes Actuarial, Projection & Valuation Models.
- Analyzes risks and reinsurance for lines of business.
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