Actuary, Pricing

  • 34926
  • Life - Actuarial
  • |
  • Maryland, United States
  • |
  • Mar 20, 2019
Insurance
RESPONSIBILITIES
  • Product Development, Design, and Pricing.
  • Provide thought leadership and actuarial expertise to a cross-functional team responsible for evaluating and prototyping new product, capital management, and underwriting ideas.
  • Lead pricing efforts on new and existing products while balancing competitiveness, profitability, and risk standards.
  • Analyze and document financial impacts of any new products or product changes and communicate results to key stakeholders
  • Present business cases and pricing proposals to the company’s executive team for final approval.
  • Regulatory and Product Implementation Support.
  • Review, analyze the pricing impact of, and implement into the pricing models domestic and international regulatory capital and accounting regimes such as Solvency II, PBR, and IFRS-17.
  • Lead a cross-functional team to develop or revise, and file policy forms.
  • Provide actuarial support for product filings, including the authoring of actuarial memorandums and guidance as to potential pricing impacts of any changes to the policy language.
  • Collaborate with employees from across the organization to help bring products to market. Work may include development and review of marketing material, building and testing policy administration and sales illustration systems, and development of tools for use by other areas across the company.
  • Perform assumption review, analysis, and documentation for annual Illustration Actuary Testing for new and inforce products.
  • Actuarial Pricing Assumption Review and Development.
  • Assist with the research, development, analysis, and proposal of assumptions for new product or product features, and prudent margins on experience based assumptions for existing products.
  • Work with Data Science, Valuation, and Inforce Management teams to understand how emerging experience will impact new business pricing.
  • Actuarial Model Development and Maintenance.
  • Develop, utilize, and maintain actuarial models that comply with the company’s Model Risk Control Framework.
  • Implement, review, and document model and assumption changes.
  • Ad hoc Projects and other duties as assigned.
QUALIFICATIONS
  • BS/BA Math/Statistics/Actuarial Science.
  • FSA with 10 years of experience.
  • Universal Life experience desirable.
  • The ideal candidate will have strong critical thinking skills, be results oriented, and be driven to strive for continuous improvement.
  • The candidate must have the ability to communicate complex financial issues to both technical and non-technical audiences.
  • Significant experience with GGY Axis, MG-ALFA, or similar actuarial software is highly preferred.
  • Excellent communication skills, written and oral.