Senior Associate, Actuarial Pricing Remote

Senior Associate, Actuarial Pricing remote job! Join a superlative team of actuaries and professionals! Our Client is a growing life insurance company that operates in 49 states and the District of Columbia. Moreover, for 100+ years they have delivered products and services that provide financial protection to the middle-income segment of the U.S. population. Our Client has a reputation for integrity and service to policyholders and agents.

Summary

The Senior Associate, Actuarial Pricing Actuary remote job will be responsible for assisting with all actuarial matters pertaining to product development, including pricing, implementation, and illustration testing. Salary is $85k. Bonus is 4% (may be more or less). This Senior Associate, Actuarial Pricing job is 100% remote. Apply now for this excellent Senior Associate, Actuarial Pricing job by clicking on the Apply Now button above! This is Job 2937.

Responsibilities for the Senior Associate, Actuarial Pricing Remote

  • Support the Company’s product schedule for all actuarial activities associated with the pricing and implementation of new products and enhancements for both sales divisions.
  • Build and maintain pricing models in ALFA software given appropriate assumptions, run profit/sensitivity tests, and solve for corporate profit targets (determine rates and values within company guidelines).
    • In addition, assist in assumption research and development.
    • Provide input in determining pricing priorities.
    • Furthermore, provide admin systems, illustrations, and sales materials support for all new product/enhancements.
    • Document all results and provide final/updated pricing models to Actuarial team for business forecasting purposes.
    • Also, maintain a basic governance structure related to the pricing function.
    • Provide support to Legal and Compliance Department concerning development of applications, contract forms, actuarial memos, and state objection responses for new product submissions.
  • Provide support for the Company’s annual Illustration Actuary certification process.
    • Develop and incorporate updated assumptions into illustration models each year for all illustrated products.
    • Furthermore, test products for compliance with state illustration regulations.
    • Document the testing and report test results to the Company’s Illustration Actuary. All support work must satisfy the IA’s professional reliance needs for full certification.
  • In addition, provide financial analysis for strategic/tactical decision-making as needed.
  • Assist with post-launch program monitoring, as well as analyze and participate in vetting of success criteria quarterly process.
  • Also, maintain network of pricing actuaries, consulting actuaries, reinsurers, personnel in benchmark companies (corporate, product line), and prior business contacts.

Education and Experience for the Senior Associate, Actuarial Pricing Remote

  • Bachelor’s degree in Math or related subject.
  • Also, experience with actuarial/product development with emphasis on universal life, traditional life and annuity products.
  • Furthermore, experience with ALFA software strongly preferred.

Skills and Knowledge for the Senior Associate, Actuarial Pricing Remote

  • Ability to use and learn technically oriented platforms, such as actuarial modeling / pricing products, database, spreadsheet, and predictive analytic software and ability to use communication-oriented software for presentation and documentation is required.
  • In addition, demonstrated knowledge of the various processes and systems used in the design, pricing, implementation and distribution of life insurance and annuities is required.
  • Excellent project management skills.

Competencies

  • Drive – Displays motivation, is proactive and resourceful in daily work. Persists to complete responsibilities, even in the face of difficulties, is optimistic and tenacious throughout.
  • Collaboration – Able to actively listen to others and build relationships and trust, effectively handle conflict, and interact with tact and respect. Articulates ideas and concerns so others can understand and is sensitive to others and is able to adapt to different types of individuals. Able to cooperate and collaborate with colleagues to achieve shared goals and encourages others and seeks out opportunities to collaborate across the business.
  • Adaptable – Willingly adapts to constantly changing circumstances while maintaining perspective. Engaging in continuous learning, adjusting the application of knowledge, skills and abilities while addressing new challenges. Accepts constructive feedback.
  • Responsible – Follows through on commitments; clearly defines mutual expectations of selves and others. Responds to demands of job by accepting responsibility for assignments, shows initiative and takes timely and appropriate actions to meet needs.
  • Execution – Thinks critically and has the best interests of the company, colleagues, and customers in mind when approaching situations. Anticipates obstacles and assesses situation to determine best possible solution. Demonstrates an ability to get essential information and exercises sound judgments about alternatives. Knows both technical and practical aspects of the job and continually updates skills and knowledge.

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