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Prosperity Life · 2 days ago

Director, Annuity Product and Pricing Actuary

United States

Full-time

Remote

Mid, Senior Level

$165K/yr - $190K/yr

7+ years exp

Prosperity Life is seeking a Director & Actuary for Annuity Pricing and Profitability Management. This role involves leading rate-setting and managing profitability for annuity products while collaborating with various teams to ensure profitable growth and support new product implementation.

Asset ManagementCommercial InsuranceHealth CareHealth InsuranceInsurance

Responsibilities

Lead rate-setting and manage profitability for current MYGA/FIA products; collaborate with business and corporate functions to ensure profitable growth of the company’s annuity book

Maintain and enhance pricing assumptions, methodologies, analytics, data systems, models, and tools supporting product development and management

Drive pricing initiatives for new and existing products by conducting market research, developing business cases, designing product concepts, defining pricing frameworks, performing pricing analyses, and presenting recommendations to key stakeholders and senior leadership

Support new product implementation by coordinating with distribution, marketing, product, finance, and IT teams to meet operational, financial, and regulatory requirements

Contribute to corporate initiatives such as financial planning, VM-22, reinsurance strategy, and investment/hedging analysis, as well as respond to ad-hoc requests from business partners

Qualification

FSA designationAnnuity pricing experienceMG ALFAPythonAnalytical skillsCommunication skillsOrganizational skills

Required

Bachelor's degree in mathematics, statistics, actuarial science, quantitative finance, or a related field

FSA or near-FSA designation with 7+ years of actuarial experience in life and annuity (re)insurance

Strong understanding of annuity products, especially MYGA and FIA (GLWB) structures, accounting frameworks, associated risks, investment strategies, and product management practices

Demonstrated ability to solve complex and ambiguous problems independently and collaboratively using analytical and critical thinking skills

Effective communicator with the ability to present pricing analyses and recommendations to both technical and non-technical stakeholders, including senior leadership

Adaptable and organized, with the ability to manage multiple initiatives and meet concurrent deadlines in a dynamic environment