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Aspida · 1 day ago

Sr. Associate Actuary, Pricing

Durham, NC

Full-time

Hybrid

Senior Level

5+ years exp

Aspida is a tech-driven insurance carrier specializing in retirement solutions and annuity products. The Senior Associate Actuary will be responsible for pricing competitive retirement solutions, conducting research and modeling, and automating pricing processes to enhance efficiency.

FinanceFinancial ServicesInsurance

Growth Opportunities

Responsibilities

Research, model, and price new products to ensure competitiveness and profitability. This may include ad hoc feasibility assessments requiring significant actuarial judgment as well as participation in the product development process

Implement and test new models and analyze results, to ensure compliance with the evolving regulatory landscape:

Review, test, refine, and integrate LDTI models provided by consultants; analyze GAAP income patterns and recommend updates to adjusted earnings definition

Develop VM-22 models for existing MYGA and FIA products; assess impact of regulatory changes on reserves and profitability, and work with manager to recommend adoption timeline

Model reinsurance contracts to support strategic efforts

Automate pricing processes for new products and work with team to integrate automation into ongoing workflows

Collaborate with your manager to build and execute plan for integrating AI into pricing processes to enhance speed, accuracy, and insight

Qualification

ASA designationAXISLDTIVM-21/VM-22R/Python/SQLAnalytical skillsCuriosityBias for actionHedging strategiesCommunication skillsOwnership

Required

ASA designation, working toward FSA

5+ years actuarial experience including work with fixed and/or buffered annuity products

Significant experience with AXIS

Working knowledge of at least one of LDTI or VM-21/VM-22

Strong analytical and communication skills—able to find and explain root causes for observed financial results

Curiosity, ownership, and bias for action consistent with Aspida's culture—Get $#!+ Done, Do It with Moxie, Have Fun

Those with more or less experience than listed or meeting most of the requirements are encouraged to apply. Title will be commensurate with experience

Preferred

Skills in R/Python/SQL/AI processes for data manipulation and automation

Familiarity with all of LDTI, VM-22, and AG33

Working knowledge of hedging strategies

Benefits

Long-Term Incentive Plan

Full Benefits Package Available

Company

Aspida

We’re Aspida – a tech-leading, agile insurance company that provides life and annuity solutions with speed, simplicity, and security to enhance well-planned retirement and wealth management strategies.

Founded in 2015

Durham, North Carolina, USA

51-200 employees