Senior Actuary, Model Governance (Life, Annuity)-9178
Insurer in the Midwest has a need for a Sr. Actuary for Model Governance. This role is responsible for the timely delivery of pricing and analytical tools for the product pricing team. This person will be a subject matter expert regarding pricing model changes and all actuarial issues related to pricing models. The role will serve as a key conduit in reinsurance analysis and negotiations and will represent the company on SOA committees as needed. The incumbent must work independently, showing considerable discretion judgment, leadership, and fiscal responsibility.
Has oversight and development responsibility for the pricing model.
Manages third party actuarial firm, serving as main point of contact and determining efficient usage of firm.
Serves as a subject matter expert of future actuarial changes to ensure pricing model is ready when changes go into effect.
Documents and tests all model changes.
Responds to adhoc requests for pricing results such as impact of a potential reinsurance deal or potential changes to assumptions.
Through oversight ensures appropriate usage of model by the pricing team.
Applies principles of finance and mathematics in providing analytical support to product.
Performs research to build and maintain pricing model.
Contributes to department-wide process improvement efforts
Provides work direction to junior product/actuarial analysts and interns.
ASA or FSA
(6) years of progressively responsible actuarial/financial analysis or related experience
Fixed Indexed Annuity product experience/general knowledge of policy values and benefit calculations.