Product Actuary, Life & Annuity

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

📋 Description

• Act as the primary subject-matter expert regarding actuarial and calculation logic for illustrations and policy management.

• Convert life insurance and annuity product specifications into actionable system logic, which includes crediting mechanisms, rider functionalities and charges, benefit base calculations, and surrender charge schedules.

• Collaborate closely with the Engineering team on product and policy administration capabilities.

• Utilize AI tools to swiftly prototype, code, and evaluate calculation logic.

• Assist with policy migrations and the conversion of legacy in-force blocks while maintaining original calculation logic.

• Verify system performance aligns with product intent and address any discrepancies.

• Facilitate User Acceptance Testing for product rollouts and platform improvements.

• Document methodologies for product calculations, business rules, and implementation choices.

• Partner with carrier and vendor implementation teams to introduce new products and functionalities.

• Engage with teams across Software Product, Customer Experience, Data Science, User Experience, Actuarial, Legal/Compliance, Engineering, and Sales.

• Report to the Senior Actuary.

⛳️ Requirements

• Over 8 years of experience in the life insurance industry.

• 3–5 years of direct experience in constructing pricing models or implementing illustration and policy administration systems.

• Proficient in working with insurance software, including real-world intricacies and edge cases.

• Extensive knowledge of life and annuity products, such as IUL, VUL, FIA, and intricate riders.

• Familiarity with calculations and transactions executed in illustration and policy administration systems.

• Capability to link actuarial calculations to policy administration workflows and downstream processes.

• Experience with agentic coding tools and workflows is advantageous.

• Background in supporting policy migrations or legacy block conversions is highly desirable.

• ASA or FSA actuarial credentials are strongly preferred; candidates without formal credentials will be considered based on equivalent technical expertise.

• Excellent written communication and documentation abilities.

• Comfortable in building processes and making decisions in a dynamic environment.

• Must reside within the contiguous 48 United States.

• Must meet United States work authorization and visa sponsorship requirements.

🏝️ Benefits

• Competitive salary and equity based on role.

• Flexible paid time off.

• Parental leave programs.

• 100% paid-premium option for medical, dental, and vision insurance.

• Lifestyle stipend supporting physical, emotional, and financial wellbeing.

• Flexible work-from-home policy.

• Remote and WFH options available.

• Access to a state-of-the-art Dallas office for those who prefer an office environment.

• Employee-led diversity, equity, and inclusion initiatives.

• Support for work/life balance.

• Opportunities for growth.