Assistant Actuary - Life - 9634
Insurance company in the Mid Atlantic US region has a need for an Assistant Actuary in Pricing. This role is an integral part of the Pricing and Product Development team and responsible for evaluating, proposing, and implementing new product ideas and changes to existing products to ensure market competitiveness while meeting profit and risk requirements.
Product Development, Design, and Pricing
Provide actuarial expertise to a cross-functional team responsible for evaluating and prototyping new product, capital management, and underwriting ideas
Lead pricing efforts on new and existing products while balancing competitiveness, profitability, and risk standards.
Analyze and document financial impacts of any new products or product changes and communicate results to key stakeholders
Provide Regulatory and Product Implementation Support
Incorporate domestic and international regulatory capital and accounting regimes, such as Solvency II, PBR, and IFRS-17, into pricing models
Work with a cross-functional team to develop or revise, and file policy forms
Provide actuarial support for product filings
Collaborate with employees from across the organization to help bring products to market
Perform assumption review, analysis, and documentation for annual Illustration Actuary
Provide testing for new and inforce products.
Provide Actuarial Pricing Assumption Review and Development
Assist with the research, development, analysis, and proposal of assumptions
Work with cross functional teams to understand how emerging experience will impact new business pricing
Provide Actuarial Model Development and Maintenance
Develop, utilize, and maintain actuarial models that comply with company Model Risk Control Framework.
Implement, review, and document model and assumption changes.
5+ years of Actuarial experience ideally within a Life Insurance or Annuity capacity
Ability to communicate complex financial issues to both technical and non-technical audiences
Significant experience with GGY Axis, MG-ALFA, or similar actuarial software is highly preferred