Ideal opportunity for a Life Pricing Actuary looking to grow their career with a growing company. You will execute actuarial responsibilities for our Client’s life and annuity products. Also, you will ensure the products align with our Client’s profitability requirements. This is an exciting opportunity for an Actuary looking to join and excel with a team of professionals. Also, it reports to a very supportive Chief Actuary. And, above all, the Chief Actuary is an excellent mentor. Most noteworthy, you will join an exceptional team of actuaries and data analysts. Above all, you are working for a Chief Actuary who cares about your success. The Chief Actuary values and mentors the employees on the team.
Our Client
Our Life Insurance Client is highly rated. Also, our Client’s policyowners, agents and employees value them as a top company and enjoy working with them. Furthermore, you will join a team of very intelligent people. And, above all, a team that is excited about the growth of the company. Yet, you will enjoy a soft spoken environment. Also, the Chief Actuary works closely with the CEO of the Client. So, there is a refreshing collaborative nature within this Client. You will be fortunate to join this team.
Compensation and Location
Finally, the Pricing Actuary, Life & Annuity job salary is $115k to $140k + bonus. The compensation depends on the level of the candidate and their experience. This Client requires your working at the Dallas, TX headquarters. This is not a remote job. The Client will provide assistance with relocation. And they are in a location that is close to exceptional living accommodations. They will support you in your move. 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 are 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.
Professional and Experience Requirements for Pricing Actuary, Life & Annuity:
- Hold an ASA designation or be close to achieving it. Our Client will also consider an FSA who aspires to growing with a company. Given that the company is growing, this job is ideal for an Actuary looking to grow their career.
- 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.
- Communication skills, including verbal, nonverbal and written.
- Comfortable working in a team environment. And enjoys the collaboration with all levels of employees from executive to entry level.
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