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Senior Annuity Pricing Actuary Job

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Senior Annuity Pricing Actuary
Job# 2752
Location:  West Des Moines, IA
Education Requirements:  Bachelor’s degree (B.A. or B.S.) from four-year college or university.
Other Requirements:  Include:

  • FSA. or ASA. and MAAA.
  • 10+ years Actuarial experience, including a minimum 4 years of Actuarial product development-related experience and/or training.
  • Background in fixed indexed annuities and/or fixed deferred annuities preferred.
  • Intermediate skills in Microsoft Office required (Word, Excel and Access).
  • Intermediate programming skills required (for example VBA/C/C++ or similar).
  • MG-ALFA experience preferred, or at a minimum, related experience with retail Actuarial modeling software (e.g. Prophet/GGY Axis/MoSes).
  • General knowledge of US Statutory and US GAAP reporting standards.
  • Comprehend and apply principles of advanced mathematical concepts and theory.
  • Ability to read, analyze, and interpret technical journals, financial reports, and legal documents from regulatory agencies, and other members of the business community.
  • Ability to write speeches and articles for publication that conform to prescribed style and format.
  • Ability to effectively present information to management and senior leadership.
  • Define problems, collect data, establish facts, and draw valid conclusions.
  • Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
  • Ability to work overtime as required.
  • Work cooperatively and successfully with co-employees, customers, and potentially other outside third parties.
  • Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.
  • Ability to multi-task and switch back and forth between projects as needed.
  • Interaction with Chief Actuary and Chief Compliance Officer required.

Salary Range:  Negotiable $120k to $160k
Description:  Highly rated Life & Annuity Insurance Group seeks an experienced Annuity Pricing Actuary to join their team.  Individual will be responsible for performing product development, pricing, and product implementation initiatives including: preparation and/or review of actuarial documents for product filings, contract language review, construction and validation of pricing models, and communication of actuarial items necessary for product implementation.  Position reports to Vice President, Product Actuary.  Position has supervisory responsibilities with 1 or more employees.  Responsibilities include mentoring/professional development of Actuarial Student(s) in accordance with goals of Actuarial Student program.  Job duties and responsibilities include:

  • Develops filing documents.
  • Provides actuarial support for product implementation projects.
  • Validates illustration software.
  • Modifies/validates Actuarial pricing models.
  • Constructs/reviews/communicates pricing information.
  • Validates administrative system calculations.
  • Performs special projects/other duties as assigned.

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