AVP, Annuity Product Actuary-8096
Insurance company in the Midwest has a need for an AVP, Annuity Product Actuary. This position’s primary responsibility is to direct and provide leadership in the design, pricing and management of Fixed Indexed Annuity products. This role will interact directly with all levels of senior management. The primary responsibility is to lead actuarial work on the development, design, pricing, risk analysis, and on-going management of the Fixed Indexed Annuity products. The role will entail determination of product features, product development, sales illustrations and inforce management. The position supports the product lines to comply with various state and federal regulations to ensure the company objectives are achieved. Other aspects of the role will include: product design, actuarial research, developing actuarial assumptions and policy values, developing and maintaining profitability models, analyzing results and making recommendations of any changes to the product lines of business that need to be implemented, working with state filings and inforce management of the annuity product line. The incumbent will lead a small team of internal actuarial staff members and work with external actuaries. Candidates should have significant actuarial experience with solid exposure in progressively responsible product positions in the insurance industry, strong pricing and annuity knowledge and supervisory experience.