COUNTRY Financial® · 8 hours ago
Actuary Director, Life Insurance Product Management
Bloomington, IL
Full-time
Hybrid
Senior Level, Lead/Staff
$212K/yr - $292K/yr
10+ years expCOUNTRY Financial is a company committed to enriching lives in the communities they serve. The Director of Life Insurance Product Management is responsible for overseeing the product lifecycle management of life and annuity products, ensuring competitive and financially sound offerings while leading a team of actuaries and product specialists.
Insurance
Responsibilities
Responsible for oversight and development of staff, including supervisory activities (e.g. performance evaluations, goal setting) as well as professional (technical, skill) and personal development
Oversees a specific actuarial function within the life/health/annuity actuarial division - includes overseeing activities, planning and visioning of future activities, and communicating results/recommendations to division and company leadership
Ensures work is completed according to applicable regulation and actuarial standards of practice, including maintaining current SOA Continuing Professional Development requirements, as well as ensuring staff compliance
Manages the implementation and maintenance of disaster recovery plans and activities in assigned areas. Maintains current contact information for all employees in applicable areas and communicates with non-recovery employees during a disaster
Lead the development, enhancement, and launch of life and annuity products, ensuring alignment with corporate strategy, profitability targets, and market opportunity
Manage the current product suite and provide expertise and strategic oversight for legacy product lines
Partner with Marketing, Distribution, Finance, and Operations to bring products to market with actuarially sound pricing, compliant filings, and strong value propositions
Oversee all reinsurance relationships, negotiations, treaties, and treaty management
Evaluate and structure reinsurance placements to support capital efficiency, risk management, and product competitiveness
Collaborate with Finance and Risk departments to assess impacts of reinsurance on earnings, reserves, capital, and volatility
Own ongoing performance monitoring and profitability analysis
Lead initiatives to improve value of in‑force business, including repricing, reinsurance optimization, and product management actions
Ensure governance around assumptions, pricing updates, product corrections, and regulatory compliance (e.g., AG 49, PBR, VM requirements)
Partner with Operations, IT, and Customer Service to ensure robust administrative capabilities, system readiness, and product integrity throughout the policy lifecycle
Lead resolution of product or system issues impacting administration or customer experience
Support modernization initiatives, system conversions, and operational process improvements
Lead, mentor, and develop a team of actuaries, analysts, and product specialists
Foster a culture of innovation, accountability, and cross‑functional partnership
Represent the product organization in executive discussions, strategic planning, and governance forums
Communicate complex actuarial concepts to non‑technical stakeholders with clarity and business focus
Qualification
Required
FSA preferred; ASA with significant experience will be considered
10+ years of experience in life insurance or annuity product management, actuarial pricing, or related areas
Direct experience with product development, reinsurance, and in‑force management strongly preferred
Strong understanding of regulatory and actuarial frameworks (PBR, VM‑20/21/22, AG‑49, STAT, RBC)
Demonstrated leadership experience with cross‑functional teams or direct reports
Excellent communication, strategic thinking, and decision‑making skills
Benefits
Insurance benefits (medical, dental, vision, disability, and life)
401(k) with company match
Company
COUNTRY Financial®
COUNTRY Financial® provides insurance and financial services for over a million households and businesses across 19 states.
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
Jim Jacobs
Chief Executive Officer
Christopher B.
Vice President - Chief Technology & Security Officer (CTO/CSO)
Company data provided by crunchbase