Senior Associate Actuary, Product and Pricing Executive Benefits

  • 34974
  • Life - Actuarial
  • |
  • Connecticut, United States
  • |
  • Mar 25, 2019
Insurance
RESPONSIBILITIES
  • Pricing and Product Development.
  • Design and develop model modifications as needed to enable analysis of complex actuarial issues.
  • Perform pricing analysis using vendor or internally developed software, analyze results for new/redesigned annuity contract and rider benefits, and provide consultation on actuarial models and risk issues.
  • Determine appropriate methodology and assumptions to model new product features.
  • Build, update and maintain the logic, functionality, and assumptions of multiple pricing models including ALFA, Ad Hoc and Stochastic Pricing models used in pricing of experience rated cases, reducing model risk through effective communication and organization.
  • Tests third-party vendor’s administration and illustration of new products and features.
  • Provide actuarial support to internal and external wholesalers and brokers.
  • Reviews expense, mortality, lapse, and investment experience information. Utilizes information to develop assumptions used in pricing and inforce models.
  • Evaluates crediting rates on inforce products. Makes recommendations to Interest Crediting Committee for changes to inforce crediting rates. Provides information and analysis to support recommendations.
  • Compile information for financial review of existing and potential initiatives. Participates in the collection of information and model outputs for use in the financial plan.
  • Coordinates initiatives aimed at retaining inforce business. Able to facilitate the generation of ideas for how to improve retention.
  • Manages various retention projects.
  • Lead Special Projects and apply knowledge of insurance, regulation and administrative systems to support accurate and appropriate administration of COLI/BOLI, and high net worth private placement products.
  • Present results of analysis to team members, key business partners, and senior management.
QUALIFICATIONS
  • Undergraduate Degree or 4+ years of comparable work experience; educational concentration in Actuarial Science or Mathematics is preferred.
  • FSA designation is required.
  • 5-7+ years of experience in Actuarial positions that aligns with responsibilities of the position.
  • Knowledge of COLI/BOLI, UL/VUL and high net worth products preferred.
  • Modeling Experience preferred.
  • A demonstrated track record of consistently meeting and/or exceeding performance expectations.
  • Possesses a bias for action and avoids workplace distractions.
  • Drives performance targets to completion.