Senior Actuary

  • 33392
  • Life - Actuarial
  • |
  • Ohio, United States
  • |
  • Feb 28, 2018
Insurance Organization
  • Involved in product efforts from inception through launch and perform activities necessary to recommend the optimal balance between profitability, risk & capital management, competitiveness, and compensation
  • Understand the competitive environment in the annuity market
  • Collaborate with business partners to understand consumer needs
  • Recommend and price product designs and new products that meet business objectives
  • Develop models and tools to understand key risks, analyze financial outcomes, and recommend appropriate pricing structures for variable annuity products
  • Analyze and recommend appropriate changes to assumptions for new and existing products
  • Analyze product risks and recommend thresholds, limits or alternatives to mitigate exposure
  • Support filing requirements for new products and other regulatory needs for existing products
  • Leads in Illustrating/reproposals for products and testing illustration software.
  • Builds, maintains, runs, and analyzes actuarial Models, using expert knowledge of actuarial projection and/or valuation models such that the models can be optimized to support multiple applications.
  • Performs financial reporting & analysis.
  • Performs pricing of products.
  • Performs the analysis of risks for lines of business.
  • Establishes and understands reserves using in-depth knowledge and application of statutory, GAAP, and tax valuation standards for products.
  • FSA is preferred but qualified ASAs with the appropriate expertise will also be considered
  • 7+ years of experience
  • Product design and pricing experience
  • Solving complex actuarial/market problems
  • Experience with product development projects
  • A strong understanding of real-world pricing and hedging
  • Experience with statutory valuation
  • Ability to take ownership of projects and drive them to completion autonomously
  • Education and influence of others
  • Oral and written communications
  • Ability to contribute to team success
  • Analysis and problem-solving skills
  • Skilled in managing multiple projects/tasks simultaneously