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Associate Actuary / Actuary - Life Product
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Job Description
Key Responsibilities
- Lead or support the pricing, design, and development of life insurance products—primarily VUL, with opportunities to support other product lines as assigned.
- Model and analyze Statutory (Stat) and Generally Accepted Accounting Principles (GAAP) financial cash flows and assess associated product risks.
- Ensure strong model governance, controls, and documentation, with full adherence to internal Pricing Standards.
- Develop and deliver clear, decision‑driving actuarial presentations for management and cross‑functional partners.
- Collaborate with the Competitive Intelligence team to secure and utilize market data needed for product evaluation and development.
- Contribute to cross‑functional projects including product implementation, legal/filing work, in‑force management, systems alignment, marketing support, and reinsurance analysis.
- Support acquisition due diligence and integration efforts where applicable.
- Demonstrate integrity through adherence to Actuarial Standards of Practice (ASOPs).
- Mentor junior team members and foster a collaborative, high‑performing team environment.
Skills, Abilities, and Knowledge Required
- Strong life product pricing and modeling expertise
- Financial modeling proficiency across Stat and GAAP frameworks
- Ability to interpret, analyze, and explain complex actuarial results
- Understanding of Universal Life, Indexed Universal Life, or Variable Universal Life products
- Clear and effective communicator with both actuarial and non‑actuarial stakeholders
- Ability to influence decisions through insights and data‑driven recommendations
- Collaborative mindset and willingness to guide junior team members
Qualifications
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Associate (ASA) or Fellow of the Society of Actuaries (FSA) with current Continuing Professional Development compliance.
- 5+ years of actuarial experience, including 3+ years in life insurance pricing or a closely related function
- Demonstrated modeling expertise and ability to evaluate financial results.
- Ability to present results clearly to varied audiences.
- Experience with Universal Life, VUL, or IUL preferred.
- Experience with Principles-Based Reserving (PBR) preferred.
- Experience with MG‑ALFA preferred.
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