Associate Actuary, Long Term Care

  • 34967
  • Life - Actuarial
  • |
  • Connecticut, United States
  • |
  • Mar 25, 2019
Insurance
RESPONSIBILITIES
  • Perform pricing analysis using vendor or internally developed software, and analyze the pricing results for new/redesigned annuity contract and rider benefits.
  • Performs the ongoing rate setting and profit reporting for the long term care products.
  • Determine appropriate assumptions, and how to model new product features.
  • Assist in developing pricing strategies and provide consultation/clarification on actuarial models and risk issues.
  • Collaborate with product development team on product design to meet or exceed profitability and sales objectives.
  • Directs, develops, and/or runs complex pricing models and analysis for long term care contracts and rider benefits.
  • Present results of analysis to team members, key business partners, and management.
  • Begins to lead actuarial pricing projects and proactively identifies challenges and resolutions.
  • Maintains awareness of developments in the long term care industry.
  • Analyze risk management strategies, and various product and process requirements.
  • Identify/evaluate potential changes in product design on assumptions and pricing expectations.
  • Analyze and review product trends, sales trends and develop models to identify and monitor key trends.
  • Maintain existing actuarial models and tools, and proactively identify and implement improvements. Develop tools and support product according to business needs.
  • Provide actuarial support for state filing or compliance, as needed
QUALIFICATIONS
  • Undergraduate degree in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or other quantitative major is required.
  • At least 5 SOA exams passed.
  • 3-5+ years of experience in Actuarial positions that directly aligns with the specific responsibilities of the position.
  • Strong work experience.
  • Demonstrated leadership experience.
  • Strong communication and problem solving skills.
  • Ability to quickly learn and apply new skills and information.
  • Strong curiosity and the ability to generate new ideas.