JOB OPPORTUNITES

Senior Pricing Actuary – Life – 9976

Senior Pricing Actuary - Life - 9976

Published: September 11, 2023
Location
Remote, Any
Job Type
Category
Job ID
9976
Yrs Exp(min)
7
Credentials
FSA
Salary (Mid)
$126,000
Bonus
20% STIP and 10% LTIP target
Recruiter
Mark Nicklas
Recruiter Phone Number
630-519-5053

Description

Insurance company has a need for an Annuity Pricing Actuary. The incumbent provides pricing support and analysis for new and existing products and development frameworks to assess the risk and profitability of new annuity product concepts.

RESPONSIBILITIES:
Build pricing models using MG-ALFA
Develop assumptions for new product concepts
Explore and understand reserve and capital impacts
Price/value embedded derivatives and assets hedging implications and costs
Utilize strong actuarial & risk management knowledge ( stoch. modeling, hedging, embedded derivatives) for pricing analysis
Assess role and impact of potential reinsurance solutions in new product development
Create presentations & documentation of analysis to present to key players
Participate in & contribute to product ideation process
Partner with company pricing Actuaries on variety of pricing work performed within the product management areas
Perform pricing & technical analysis for potential inforce and/or new business reinsurance transactions
Accountable to work with cross-functional departments regarding pricing issues
Responsible for governance within the pricing and modeling work
Participate in highly technical discussion surrounding annuity pricing concepts (i.e.-profitability, risk, solvency, accounting)

PREREQUISITES:
FSA with 7+ years of experience in annuity pricing and product development
Proficiency in Excel; MS Office Suite; MG ALFA is a plus
Experience building annuity pricing frameworks using standard annuity pricing software
Experience with Product Management and Rate Setting
Experience with Stochastic Modeling
Excellent communication, facilitation and relationship management experience
Experience with-neutral pricing, hedging and valuation concepts
Excellent communication, facilitation and relationship management experience

 

To apply please email: Mark Nicklas | 630-519-5053
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