Life And Annuity Solutions - Annuity Product Associate Actuary

Life And Annuity Solutions - Annuity Product Associate Actuary

Come join a high-performing dynamic team at a mission-oriented, innovative company that is focused on serving the middle market by bringing valuable Life Insurance solutions to our customers and distribution partners!

Executive Summary

This individual will play a key role in leading and supporting initiatives related to the design and pricing of indexed and traditional fixed annuity products, both as an individual contributor and through oversight and direction of supporting resources. Job responsibilities primarily center around product design, actuarial modeling, pricing, new-money rate setting, actuarial support of regulatory filings, and evaluation of sales and design concepts. The individual will work closely with the broader L&A Solutions team, Distribution/Field Leaders, and Marketing to ensure new products and features are aligned with the company's strategic goals, financial objectives, and risk appetite.

Key Responsibilities

• Develop and oversee models to set appropriate rates, understand profitability, and analyze sensitivities
• Provide analysis and review experience studies to develop or adjust pricing assumptions
• Strategically solve unique and complex problems
• Help provide detailed analysis on key competitive features in the marketplace
• Present product features and/or actuarial results to Distribution Leadership, Product Risk Committee, Project Teams, Senior Management, and other stakeholders
• Train, mentor, and oversee / direct the work of actuarial students / analysts
• Provide ad-hoc support to other business areas as needed
• Effectively coordinate and review the work of outside consultants
• Partner with the policy forms team to review forms and prepare / review actuarial materials required to secure state approvals
• Prepare / review product specifications and actuarial reports
• Proactively identify and ensure compliance with legal and regulatory requirements
• Review product marketing materials as appropriate

A successful candidate will have:

• 6+ years of relevant experience in pricing annuity products with indexed annuity products strongly preferred
• FSA required, MAAA preferred
• In-depth knowledge of annuity products and features including applicable valuation, nonforfeiture, tax, risk-based capital, illustration, and other relevant regulations and standards
• Excellent oral and written communication skills, including the ability to communicate effectively with less technical audiences
• Highly effective teamwork and collaboration skills
• Solid financial modeling experience using actuarial software, preferably MG-ALFA
• Extensive experience with Microsoft Office suite
• The candidate must be able to successfully complete a background check that may include fingerprinting