Insurance company in the Midwest has a need for a Model Development Sr. Actuary who will be responsible for the timely delivery of accurate and well documented pricing and analytical tools (MG-ALFA based) for the product pricing team. This person will be responsible for all pricing model changes and will need to be a Subject Matter Expert of current and future potential actuarial issues to ensure timely incorporation into the pricing models. The role will serve as the key conduit in new business portfolio profitability analysis and will represent company on actuarial committees as needed and appropriate. The incumbent must work independently, exercise considerable discretion, and exhibit sound fiscal responsibility.

Responsibilities:
Oversight and and development responsibility for the pricing model
Manages third party actuarial firm; serving as main point of contact and determining efficient usage of firm
Maintains proper model governance documentation, testing, and controls
Serves as a Subject Matter Expert of future actuarial changes
Documents and Tests all model changes
Responds to ad-hoc requests for pricing results such as impact of potential reinsurance deals
Thorough oversight to ensure appropriate usage of model by the pricing team
Applies principles of finance and mathematics in providing analytical support to pricing team
Performs research to build and maintain pricing model; including updates to the core projection system (MG-ALFA)
Contributes to department-wide process improvement efforts
Provides work direction to junior product/actuarial analysts and interns

Experience:
FSA or ASA; extensive experience with MG-ALFA or Fixed Indexed Annuity products
6+ years of progressively responsible actuarial/financial analysis or related experience
MS Excel, Word, Powerpoint
MG-ALFA development experience is highly preferred
Strong customer service orientation
Excellent communication skills; strong presentation skills
Ability to work cooperatively and successfully with cross functional departments, customers and other outside third parties
Ability to read, analyze and interpret general business periodicals, professional journals and technical/operational procedures