American Equity · 7 hours ago
Director, Actuary (Reinsurance Pricing)
West Des Moines, IA
Full-time
Onsite
Mid, Senior Level
7+ years expAmerican Equity is a company that offers leading annuity products aimed at empowering clients for retirement. They are seeking a Director, Actuary to provide pricing support and analysis for scalable pricing frameworks, enhance rate setting for flow annuity products, and influence key actuarial decisions in a dynamic environment.
ConsultingFinanceInsurance
Responsibilities
Performs technical analysis for new and existing reinsurance products
Perform and communicate complex actuarial analyses related to annuity pricing and modeling
Lead rate setting and reinsurance pricing for flow annuity products, ensuring competitiveness and profitability
Support ad hoc pricing for M&A and strategic growth initiatives
Build pricing models using MG ALFA that will require significant creativity and custom coding to assess a variety of unique products and product features
Develop framework to assess the risk and profitability of new and existing annuity product concepts
Perform initial economic feasibility analysis
Develop assumptions for products
Explore and understand reserve and capital impacts
Price/value embedded derivatives and assess hedging implications and costs
Utilize strong actuarial & risk management knowledge including stochastic modeling and understanding of hedging and embedded derivatives to capture all potential risks and costs in pricing analysis
Ensure documentation and execution of actuarial analysis, align with the SOA Code of Professional Conduct and Actuarial Standards of Practice
Prepare and present actuarial exhibits and summaries to senior leadership, key stakeholders, consultants, reinsurers, and regulators
Aid in new product initiatives outside of traditional annuity distribution channels, such as offerings for target date funds, structured settlements among others
Provide mentorship and technical guidance to junior actuarial staff
Participate in & contribute to product ideation process
Participate & contribute to discussions regarding potential future product concepts
Apply deep technical understanding of pricing, hedging, solvency standards and financial reporting to: provide educated and thorough feedback on product concepts, and generate original product concepts factor in enterprise objectives and constraints
Develop & employ creative and innovative solutions to challenges that arise in the development, design, pricing, and implementation of new product concepts
Accountable to work with ALM, valuation, finance, tax, hedging, legal, and various other partners as part of the new product development and implementation process to ensure pricing analysis accounts for all key elements involved in product concept
Partner with hedging team to ensure hedging costs are incorporated into pricing and risk analysis
Responsible for governance required within pricing and modeling work, ensuring pricing and modeling meets internal Product Development Process governance and other governance and documentation requirements
Responsible for development and management of actuarial staff
Perform other related work as assigned
Qualification
Required
FSA (Preferred) or ASA
MAAA
B.S. in Actuarial, Mathematics, Statistics, Economics, or other quantitative fields
FSA/ASA with 7+ years of progressive experience in annuity pricing
Experience with rate setting and reinsurance pricing for annuity products is considered an asset
Experience with retail annuity and PRT products in US, UK and APAC regions is considered an asset
Proficient in the use of excel for analysis
Experience with Stochastic Modeling, or Deterministic Approximations there of (MG-ALFA or AXIS a plus)
Experience with hedging and arbitrage free, risk-neutral pricing/valuation concepts
Excellent ability to recognize and turn ideas into market-ready solutions by understanding customer needs and strategic business value
Demonstrated ability to communicate and align stakeholders
Candidate must have strong understanding of and be able to participate in highly technical discussions surrounding annuity pricing concepts, including profitability mechanics, sources of risk, and solvency & accounting requirements
Candidate must have strong understanding of risk-neutral pricing & hedging concepts
Candidate must be able to independently identify potential challenges surrounding new product concepts and explore potential solutions
Candidate must have strong verbal and written communication skills to present and discuss results of analysis
Candidate must have experience building annuity pricing frameworks using industry standard annuity pricing software, or have strong software coding background to be applied to learning standard annuity pricing software
Proficient in the use of Microsoft Office Suite including Word, Excel for analysis, Visio, Microsoft Project and Outlook
Preferred
CFA a plus
An understanding of Bermuda regulatory framework and reinsurance is a plus but not required
Company
American Equity
American Equity Investment Life Insurance Company® We are The Financial Dignity Company – and while each person might define financial dignity differently, we believe it’s having the means to retire with pride and peacefulness in your daily life.
501-1000 employees
H1B Sponsorship
American Equity has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (11)
2024 (5)
2023 (3)
2022 (4)
2021 (2)
Funding
Current Stage
Public CompanyTotal Funding
$253MKey Investors
Brookfield Wealth SolutionsBrookfield Asset Management
2023-07-05Acquired
2022-01-07Post Ipo Equity· $253M
2020-10-18Post Ipo Equity
Leadership Team
Anant Bhalla
Chief Executive Officer
Nicholas Volpe
Chief Technology Officer at American Equity
Recent News
Business Wire
2024-12-04
financialpost
2024-11-15
Company data provided by crunchbase