Senior Actuary/Pricing Analyst, Life and Annuity
RELOCATION/TELECOMMUTE OPTIONS ARE AVAILABLE
Prestigious Financial Services Organization is seeking a Senior Actuary/Pricing Analyst, Life and Annuity to design and price life, health, and annuity products.
Responsibilities:
- Uses actuarial models to design and price new life, health, and annuity products in accordance with company standards and regulatory requirements.
- Serves as actuarial pricing lead utilizing actuarial analysts, interns, and Forms & Filing staff to develop and price new products.
- Coordinates the workflow of actuarial staff, interns, and Forms & Filing staff to complete projects.
Provides performance feedback to team members and supervisor. - Works closely with other actuarial leads and supervisors to ensure consistency in assumptions, valuations methods, modelling techniques, documentation standards, etc.
- Makes and presents recommendations to Senior Management.
- Works with external consultants and reinsurers in the development of rates and reinsurance quotes, as needed.
Evaluates and helps negotiate reinsurance programs that provide adequate financial returns, and risk management.
Assists in review of reinsurance treaties. - Maintains complete documentation of pricing models, assumptions, and decisions.
- Maintains an active awareness of product development in the life/health/annuity marketplace, including emerging product designs/features/riders.
- Monitors and reports on the competitive position of the company's products in the marketplace.
- Participates in actuarial study program and makes consistent progress toward FSA designation, if not already attained.
- Assists with development and review of marketing and training material.
- Helps trains actuarial staff and interns on actuarial principles and company products and systems.
Qualifications:
Required
Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics or related field of study.
- At least 8 years of actuarial or related experience (or 6 years with Master's degree).
- At least 1 year of lead experience.
- Associate of the Society of Actuaries (ASA).
- Advanced skills in spreadsheets, databases, word processing, and programming.
- In-depth experience working with actuarial modelling software, including programming new product features, solving for premiums, and analysing output.
- Comprehensive and current knowledge of nonforfeiture standards, standard valuation law, actuarial standards of practice, definition of life insurance, and federal taxation of insurance products.
- Experience working on project teams or similar collaboration with other areas within an insurance company.
- Excellent written and verbal communication skills.
- Ability to work independently under supervision of Manager.
- Effective communication of actuarial concepts, modelling processes and pricing review.
- Strong analytical skills.
- Experience balancing multiple priorities.
Preferred
Qualifications:
- Fellow of the Society of Actuaries (FSA)
- Experience acting as actuarial delegate or lead on project teams.
- Experience communicating with financial agents/representatives.
- Understanding of marketing and sales processes.
- Effective communication of actuarial pricing concepts and financial returns on product offerings
Estimated Salary: $20 to $28 per hour based on qualifications.
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