Pricing Actuary, Life & Annuity

Ideal opportunity for an Actuary looking to grow their career with a growing company. The Pricing Actuary, Life & Annuity job salary is $115k to $140k + bonus. This Pricing Actuary, Life & Annuity job requires working at the Dallas, TX headquarters. This is not a remote job. The Candidate will join our Client to execute actuarial responsibilities for our Client’s life and annuity products, ensuring they align with our Client’s profitability requirements. Apply now for this excellent Pricing Actuary, Life & Annuity job by clicking on the Apply Now button above! This is Job 2960.

Job Responsibilities for Pricing Actuary, Life & Annuity:

Product Development and Pricing:

  • Collaboratively design and develop new life and annuity products, working hand in hand with Marketing and Operations.
  • Actively price these products.
  • When pricing, choose and implement reinsurance where needed.

Implementation & Testing:

  • Integrate new products into the admin system, which includes:
    • Setting premiums.
    • Assigning reserve and NFF factors.
    • Allocating commissions to Operations.
  • Diligently test to ensure factors are loaded accurately.
  • Confirm that the product functions on the admin system as designed.

Product Analysis:

  • Continually test the profitability of current products.
  • Conduct Actual to Expected studies, focusing on persistency and mortality metrics. Perform sensitivity analyses.
  • When required, adjust product pricing to optimize profitability.

Reinsurance Oversight:

  • Regularly audit reinsurance agreements, ensuring compliance and accuracy.

Experience Requirements for Pricing Actuary, Life & Annuity:

  • Hold an ASA designation or be close to achieving it.
  • Have a minimum of 5 years of experience in product pricing.
  • Familiarity with MG-ALFA, the actuarial software we utilize for product pricing, is essential.

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Mid America Search stands as a leading Insurance Recruiter in the industry, consistently recognized among the top Insurance Recruiters. Notably, we also excel as an esteemed Actuarial Recruiter, making us one of the industry’s foremost Actuarial Recruiters.

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