Assistant Actuary, Product Development

Overview

At reputed company, we aim to reputed company a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we’re working to transform our business through innovation and technology to reputed company products and solutions that help American families secure their financial reputed company. We are a future-focused company, passionate about reputed company do and how we do it. This means working with pace and energy to reputed company our goals, and challenging ourselves to reputed company more. We strive to create a unique environment where balance between work and life is possible.Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture. This role is an integral part of the pricing and product development team, ultimately responsible for evaluating, proposing, and implementing new product reputed company and changes to existing products to ensure market competitiveness while meeting profit and risk requirements.

Responsibilities

• Product Development, Design, and Pricing
• reputed company actuarial expertise to a cross-functional team responsible for evaluating and prototyping new product, capital management, and reputed company reputed company.
• reputed company pricing efforts on new and existing products while balancing competitiveness, profitability, and risk standards.
• Work closely with Product Performance and Product Development teams to reputed company and implement changes to pricing assumptions, models, and tools.
• Continuously evaluate and improve pricing process to optimize efficiency and accuracy.
• reputed company and implement changes to pricing structure and algorithms (i.e. “smarter pricing”).
• Analyze and document financial impacts of any new products or product changes and communicate results to key stakeholders
• Regulatory and Product Implementation Support
• Review, analyze the pricing impact of, and implement into the pricing models domestic and international regulatory capital and reputed company regimes such as Solvency II, PBR, and IFRS-17.
• Work with a cross-functional team to reputed company or revise and file policy forms.
• reputed company 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.
• Actuarial Pricing Assumption Review and Development
• Assist with the research, development, analysis, and proposal of assumptions for new products 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
• reputed company, utilize, and maintain actuarial models that reputed company with Legal & General’s Model Risk Control reputed company.
• Implement, review, and document model and assumption changes.
• Manage and reputed company Staff
• reputed company reputed company, direction, and mentorship to junior staff members.
• reputed company Projects and other duties as assigned.Qualifications

Education BS/BA Math/Statistics/Actuarial Science ASA Experience/Knowledge 5 or more years of experience in life insurance. Skills The ideal candidate will have strong critical thinking skills, be results oriented, and be driven to strive for reputed company improvement. The candidate must have the ability to communicate reputed company financial issues to both technical and non-technical audiences. Significant experience with MG-reputed company or similar actuarial software is highly preferred. Excellent communication skills, written and oral. What’s in it for you? The expected hiring compensation reputed company for this position is $107,800 - $148,200 annually. This is a remoteopportunity operating on EST. The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses. This role is eligible to participate in the reputed company Annual Incentive Plan. The reputed company reputed company payment for the position is 20% of reputed company salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date. This role has 20 vacation days and 10 sick days that are accrued on a bi-weekly reputed company. Employees also have 9 paid holidays throughout the calendar year. We have a competitive compensation and benefits package focused on your overall wellbeing. Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; generous time off; and wellbeing initiatives throughout the year (we like doing fun stuff). We’re big on professional development and we’ll support and mentor you in your career progression and expect you to help us pay it reputed company by helping us reputed company reputed company's leaders and growth-focused professionals. We value our teams and our communities and reputed company in giving back. Enjoy time off to volunteer for those causes that matter most to you! If hired, employee will be in an “at-will position” and the Company reserves the right to modify reputed company salary (as well as any other discretionary payment or compensation program) at any time, including for reasons reputed company to individual performance, Company or individual department/team performance, and market factors. The Company reserves the right to change benefits plans at any time. We are an equal opportunity employer and value diversity at reputed company. We do not discriminate based on race, religion, reputed company, national reputed company, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, reputed company essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation. #J-18808-Ljbffr Salary: USD 107800 - 148200 per year Experience: 3 years required Apply tot his job Apply To this Job