Actuarial Analyst, Product

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Develop, maintain, and analyze regular experience reports that summarize the performance of products, distributors, underwriting processes, and profitability across Term Life, Whole Life, IUL, and related offerings.

• Examine placement, persistency, claims, expenses, straight-through processing, manual underwriting reviews, and final underwriting outcomes to pinpoint trends and opportunities for disciplined product innovation.

• Prepare ongoing KPI reports and dashboards for product evaluations, market intelligence discussions, and updates for executives.

• Collaborate with cross-functional teams to convert insights into actionable recommendations that foster profitable growth within US Life functions.

• Contribute to the development of new products by assisting in opportunity sizing, competitive and market analysis, product feature comparisons, pricing inputs, business case materials, launch readiness metrics, and tracking post-launch performance.

• Aid in managing the existing product portfolio by monitoring performance trends, identifying products or segments that require corrective action, supporting portfolio rationalization, tracking product economics and operational complexity, and formulating improvement recommendations.

• Clearly document assumptions, data definitions, analytical methods, and findings to ensure analyses are repeatable, actionable, and improvable.

• Assist in preparing documentation to support state filings for both new and existing products.

• Support the development, maintenance, and validation of actuarial models, assumptions, and analyses utilized for pricing, profitability monitoring, product development, and business decision-making.

• Other duties/projects as assigned.

⛳️ Requirements

• A minimum of 2 years of experience in actuarial, product, pricing, insurance analytics, underwriting analytics, or a related field in life insurance.

• Bachelor's degree in actuarial science, business, finance, or a related discipline.

• Completion of 2 or more SOA exams is preferred; active progress toward ASA designation is expected.

• Familiarity with life insurance products or related financial services, experience studies, segmentation analysis, dashboards, and profitability analysis.

• Proven ability to meet deadlines consistently.

• Advanced proficiency in Excel is required.

• Experience with SQL and data visualization tools (Power BI, Tableau) is preferred; exposure to actuarial, statistical, or programming tools such as Python, R, or SAS is an advantage.

🏝️ Benefits

• Medical Insurance: Choose from a variety of plans to fit your healthcare needs.

• Dental Insurance: Coverage for preventive, basic, and major dental services.

• Employer-Paid Vision: Comprehensive eye care coverage at no cost to you.

• Employer-Paid Basic Life and AD&D Insurance: Peace of mind and additional protection.

• Employer-Paid Short-Term and Long-Term Disability Insurance: Financial support in case of illness or injury.

• 401(k) Plan: Save for your future with a company match to help you grow your retirement savings.

• PTO and Sick Time accrue each pay period: Take time off when you need it.

• Annual Bonus Program: Performance-based bonus to reward your hard work.