Director/AVP, Life Pricing Actuary

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

📋 Description

• Oversee initiatives related to the pricing and development of life products, which includes conducting market research, assessing profitability and risk-return profiles, making pricing recommendations, and preparing documentation.

• Collaborate across various departments to guide life products from initial concept through to implementation and launch.

• Create and uphold pricing governance frameworks and manage in-force processes effectively.

• Facilitate continuous monitoring of product profitability and market competitiveness throughout the product lifecycle.

• Generate timely and insightful analytics and forecasts to aid in executive-level decision-making.

• Contribute to the performance reporting and evaluation of pricing strategies and product results.

• Improve and operationalize pricing models and tools, focusing on enhancing efficiency, model controls, governance of assumptions, and thorough documentation.

• Ensure that pricing tools and processes comply with internal control and governance standards.

• Collaborate with teams in Product, Distribution, Operations, Valuation/Finance, Risk/ALM, Legal/Compliance, and IT to facilitate pricing initiatives and address production challenges across platforms.

• Assist with ad hoc analytical requests for key stakeholders, including Marketing, Operations, Finance, and Corporate Development.

• Engage in regulatory communications when necessary.

• Aid in responding to inquiries pertaining to pricing methodologies and product filings.

⛳️ Requirements

• Bachelor's degree (or equivalent education and experience).

• At least 10 years of actuarial experience along with an FSA designation.

• In-depth understanding of life insurance regulatory and accounting frameworks, including PBR, GAAP, and LDTI.

• Proven capability to present intricate actuarial analyses in a clear and effective manner to executives and senior stakeholders.

• Established ability to foster collaborative relationships across various functional areas.

• Strong organizational skills with the capacity to handle multiple priorities and deadlines efficiently.

• Experience with enterprise pricing or actuarial modeling platforms, such as MG-ALFA or similar tools, is preferred.

• Prior experience in pricing and product development within the life insurance sector is preferred.

🏝️ Benefits

• Comprehensive medical, dental, and vision coverage.

• An HSA and 401(k) company match.

• Paid time off.

• Employer-paid life and disability insurance.

• Variable compensation package.