Director/AVP, Life Pricing Actuary
Posted 3 months ago
Worldwide
$170K - $220K per year
⭐
10+ years experience
Please mention DailyRemote when applying
AI Summary
This role leads life insurance pricing and product initiatives from initial concept through launch and ongoing management, providing clear, decision-ready analytics to ensure pricing aligns with all regulatory and financial requirements. Key duties involve leading product development, maintaining pricing governance, producing insightful projections for executive decisions, and enhancing pricing models and tools.
Position Summary
Lead life insurance pricing and product initiatives from concept through launch and in-force management. Provide clear, decision-ready analytics and ensure pricing frameworks align with regulatory, capital, and accounting requirements.
Major Duties and Responsibilities
- Lead life product pricing and development initiatives (e.g., market research, profitability/risk-return assessment, pricing recommendations, and documentation).
- Develop and maintain pricing governance and in-force management processes to support ongoing profitability and competitiveness.
- Produce timely and insightful analytics/projections to support executive decision-making and performance reporting.
- Enhance and operationalize pricing models and tools (including model efficiency, controls, assumptions governance, and documentation).
- Coordinate cross-functionally (Product, Distribution, Operations, Valuation/Finance, Risk/ALM, Legal/Compliance, IT) to implement products and resolve production issues across platforms.
- Support ad hoc analysis for key business partners (e.g., Marketing, Operations, Finance, Corporate Development).
- External engagement (as applicable): participate in regulatory communications and respond to inquiries related to pricing methodology and product filings.
Job Qualifications (Required)
- Bachelor’s degree (or equivalent education/experience).
- Minimum 10 years of actuarial experience and FSA designation.
- Strong knowledge of PBR, GAAP, LDTI, and other life regulations/accounting frameworks.
- Demonstrated ability to present complex actuarial results clearly to executives and senior stakeholders.
- Proven ability to build collaborative relationships across diverse functional areas and manage multiple priorities/deadlines.
Preferred Qualifications
- Experience with modeling / enterprise pricing platforms (e.g., MG-ALFA or comparable).
- Prior pricing and product development experience in life insurance
Location
Remote (U.S.) or NYC/NJ area (hybrid/in-office as needed)
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