The Senior Indexed-Linked Annuity Pricing Actuary will join an exciting and growing organization and provide leadership in the design, pricing, and implementation of indexed-linked annuity products, including Registered Indexed Linked Annuities (RILAs) or Fixed Indexed Annuities (FIA). This person will lead the pricing team and provide analysis and recommendations related to the profitability and risk of said products, allowing us to meet our strategic objectives.

Responsibilities:

  • Lead small team of actuaries or actuarial students (2-3), providing strategic modeling, methodology, rate-setting, assumption, and product development direction related to indexed-linked products.
  • Oversee reports and analyses to management on sales and profitability , or other similar items, ensuring we provide competitive but profitable offerings to optimize earnings.
  • Oversee weekly dashboard analysis, monthly reporting, and quarter-end financial reporting for new business.
  • Oversee weekly rate-setting analysis, including making rate recommendations, and the implementation of rate changes.
  • Supervise the creation and maintenance of multiple pricing and new business valuation models for the analysis of new and existing products and product features.
  • Monitor and analyze developments in actuarial techniques, laws, and regulations applicable to company operations, and competitive developments in the marketplace, and
  • Assess the financial implications of reinsurance strategies and provide recommendations on potential reinsurance treaties.
  • Assess profitability in varying economic environments on multiple bases, including IFRS, statutory, market consistent, and/or GAAP.
  • Work closely with product development to price and opine on new product opportunities.
  • Work closely with Finance and ALM areas to align our strategic pricing and financial goals, providing strategic insight on various financial strategies.

Qualifications:

  • FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 8 years of relevant experience.   In lieu of Bachelor's, will accept Master’s in a listed discipline and 6 years or relevant experience.  In lieu of FSA will accept ASA or equivalent professional designation and 14 years of relevant experience.
  • Demonstrates high quality leadership, judgment, organization and prioritization skills
  • Ability to direct and develop a small team
  • Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences
  • Works well under pressure, within time constraints, and often with ambiguous or undefined outcomes to effectively accomplish individual and team objectives

Preferred Qualifications:

  • Demonstrates high quality leadership, judgment, organization and prioritization skills
  • Ability to direct and develop a small team
  • Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences
  • Works well under pressure, within time constraints, and often with ambiguous or undefined outcomes to effectively accomplish individual and team objectives

Working Conditions:

  • Normal office/hybrid/remote environment.
  • Limited travel may be required.

Compensation:

The Salary for this position generally ranges between $155,000 - $205,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. 

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.