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Securian Financial · 7 hours ago

Actuarial Consultant - Annuity Pricing (Hybrid)

St Paul, MN

Full-time

Hybrid

Senior Level

$84K/yr - $155K/yr

5+ years exp

Securian Financial is a company that provides financial services and products. They are seeking an Actuarial Consultant to provide expertise in the pricing of annuity products, focusing on developing competitive and profitable offerings that meet regulatory requirements and market demands.

Financial ServicesInsuranceLife Insurance

Responsibilities

Lead end-to-end pricing and profitability analysis for the Individual Annuity product line, including a wide array of fixed, variable, and indexed products

Design and maintain actuarial models using Prophet

Collaborate with product development, finance, valuation, risk management, and compliance teams to ensure alignment and feasibility of pricing assumptions and strategies

Develop and document pricing assumptions based on experience studies, market research, and company benchmarks

Perform sensitivity and scenario testing to assess pricing robustness under different economic conditions

Ensure compliance with regulatory and accounting standards including Statutory, GAAP, and RBC frameworks

Present pricing recommendations, strategies, and results to senior leadership

Mentor and review the work of junior actuaries and analysts on the pricing team

Monitor product performance post-launch and recommend repricing or modifications as needed

Qualification

ASA designationAnnuity pricing experienceActuarial modeling softwareProgramming languagesCommunication skillsRisk assessmentProject managementTeam collaboration

Required

ASA designation, FSA preferred

Minimum of 5 years of actuarial experience, including at least 3 years in annuity pricing or product development

Strong command of actuarial modeling software, preferably Prophet

Proven ability to manage multiple projects and deliver results under tight deadlines

Excellent communication skills with the ability to explain complex actuarial concepts to non-technical stakeholders

Understanding of appropriate balance between market competitive position, regulatory constraints, profitability, investment guidelines, and risk appetite

Self-motivated and flexible; ability to work independently and as part of a team

Preferred

Strong background in indexed products such as RILA or FIA preferred

Proficiency in programming languages such as R, Python, or VBA is a plus

Benefits

Paid Time Off

Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.

Holidays: Securian provides nine company paid holidays.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including: Mental Wellness and Disability, Pride at Securian Financial, Securian Young Professionals Network, Securian Multicultural Network, Securian Women and Allies Network, Servicemember Associate Resource Group.