Actuarial Product Pricing Lead

POSITION OVERVIEW

This position is a key member of the Individual Markets Product Pricing team, responsible for the pricing of industry-leading product portfolio. This individual will engage with key internal and external stakeholders across multiple functions to maintain both profitability and competitive products and to find creative solutions to the opportunities and challenges faced in today's retirement and life market across multiple distribution channels. This position requires interaction with all areas of the company, including risk, product implementation, product development, inforce pricing, legal, valuation, investment, operations, sales, marketing, accounting, as well as senior management.

• Perform timely and robust Product Pricing of our existing products.
• Use MG-ALFA actuarial projection and other modelling software to perform analysis of current products.
• Effectively balance competitive and pricing objectives to achieve overall company objectives.
• Implement best practices in pricing methods, automation, organization, and documentation to improve overall efficiency and quality of pricing efforts.
• Collaborate with the Product Implementation team and Product Development team during the development of new products. Implement new products into existing processes and procedures.
• Collaborate with the Inforce Management team to provide accurate and detailed information needed to manage policies post-issuance.
• Support pricing needs related to maintenance of new business credited rates, pricing models, profitability and sales metrics, and marketing and sales illustration tools.
• Communication with peers in product, risk management, investments, marketing, legal & operations.
• Maintain industry knowledge including economic, regulatory, and competitive environments to support maintenance of current products.

QUALIFICATIONS

• Bachelor's Degree in Actuarial Science, Math, Statistics, Computer Science, Physics or Engineering required
• ASA, FSA preferred
• 5+ years of experience in the annuity/life insurance industry is preferred, annuity product experience a plus
• 5+ years' experience in programming financial models in any actuarial modelling software (R3S, Prophet, Axis or MG Alfa), or other programming language such as Python, C/C++ or Java
• Ownership - Takes personal accountability for the execution of their goals and objectives. Strong organization and timely delivery of results.
• Strategic - Possesses business acumen and focuses externally and internally on trends impacting the business. Understands the big picture, plans ahead and puts thoughts into actions.
• Analytical Skills - Possess strong analytical skills necessary to price products. Ability to trouble-shoot and work to find solutions independently.
• Communication - Able to communicate effectively - verbal, written and listening.
• Teamwork - Has positive attitude necessary to be part of a strong performing, fast-paced team. Strong interpersonal skills for relationship building and engagement.

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