Actuarial Leader - Life Pricing & Inforce Management

Constellation Insurance, Inc.; Montgomery (OH); Hybrid; USD 180,000 - 260,000; Full time

Benefits offered by this job

Healthcare coverage

Life insurance

401(k) plan

Parental leave

Flexible time-off

Job summary

Constellation Insurance, Inc. seeks an experienced actuarial leader to drive life insurance product pricing, development, and in-force management. This hands-on role blends technical actuarial work with product strategy and cross-functional collaboration.

You will lead pricing, development, and regulatory support, mentor a small team, and influence stakeholders across the organization. Extensive life insurance pricing experience is required.

Qualifications

• Over 10 years of actuarial experience in life insurance pricing, development, or related functions.
• Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA).
• MAAA membership is a plus.
• Advanced knowledge of IUL, UL, BOLI, Term Life, and Whole Life products.
• Strong actuarial modeling and analytical skills; MG-ALFA and/or Integrate experience preferred.
• Experience supporting state and Compact product filings.
• Knowledge of illustration regs, AG 49A, and IRC sections 7702/7702A.
• Ability to translate analyses into practical recommendations and influence stakeholders.

Responsibilities

• Lead actuarial analysis for design, pricing, and development of life insurance products.
• Prepare actuarial memoranda, pricing docs, and regulatory filing support.
• Evaluate profitability, capital requirements, and risk, including reinsurance options.
• Collaborate cross-functionally to support product development and system validation.
• Analyze in-force performance and adjust credited rates, dividend scales, and features.
• Conduct experience studies on mortality, persistency, expenses, and investments.
• Support illustration testing, product governance, and policyholder inquiries.
• Contribute to product strategy, roadmaps, and enterprise initiatives.
• Present actuarial findings to senior leadership and stakeholders.
• Manage and mentor two to three direct reports and liaise with reinsurers.

Skills

Actuarial leadership

Pricing experience

Product management

Communication

Education

FSA or ASA

MAAA

Tools

MG-ALFA

Integrate

Job description

We are seeking an experienced actuarial leader to drive life insurance product pricing, development, and in-force management. This is a hands-on leadership role that combines technical actuarial work, product strategy, cross-functional collaboration, and team development.

Your role and impact

• Leading actuarial analysis for the design, pricing, and development of life insurance products, including pricing models, assumptions, and experience monitoring
• Preparing actuarial memoranda, pricing documentation, and regulatory filing support while ensuring compliance with applicable requirements
• Evaluating product competitiveness, profitability, capital requirements, and risk, including reinsurance solutions and opportunities for product innovation
• Collaborating cross-functionally to support product development, implementation, system validation, and ongoing administration
• Analyzing in-force product performance and recommending changes to credited rates, dividend scales, and other product features
• Conducting experience studies and profitability analyses covering mortality, persistency, lapses, premiums, expenses, commissions, and investment returns
• Supporting illustration testing, product governance, complex policyholder inquiries, and operational improvement initiatives
• Contributing to product strategy, business planning, product roadmaps, market analysis, and enterprise initiatives
• Preparing management reports, business analyses, and board presentations while communicating actuarial findings and recommendations to key stakeholders
• Managing and developing two to three direct reports, mentoring actuarial talent, supporting the actuarial student rotation program, and maintaining relationships with reinsurers, consultants, vendors, and industry organizations

What's in it for you

• Competitive pay: Fair compensation for your hard work.
• Healthcare coverage: Comprehensive medical, dental, and vision from day one.
• Life insurance: Company-paid coverage for you and your loved ones.
• 401(k) plan: Matching contributions to help secure your financial future.
• Family support: Paid parental leave and reimbursement for adoption and surrogacy expenses.
• Work-life balance: Flexible time-off policy to recharge and pursue passions.
• Dress for your day: Express your style comfortably at work.
• Inclusion and Culture: A respectful environment that values unique contributions.
• Flexible work options: Remote, hybrid, and onsite opportunities at various locations across the U.S. for better work-life integration.
• Well-being focus: Programs to support a healthy balance between work and home life.
• Community connections: Build strong relationships through virtual and in-person interactions, with resources for your growth.

Qualifications

What sets you up for success

• At least 10 years of actuarial experience in the life insurance industry, with significant experience in product pricing, product management, or related actuarial functions
• Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)
• Member of the American Academy of Actuaries (MAAA)
• Advanced knowledge of IUL, UL, BOLI, Term Life, and Whole Life products
• Strong actuarial modeling and analytical skills; MG-ALFA and/or Integrate experience preferred
• Experience supporting state and Compact product filings
• Strong understanding of illustration regulations, AG 49A, and Internal Revenue Code Sections 7702 and 7702A
• Comprehensive understanding of life insurance product development and implementation
• Strong project management, problem-solving, communication, and presentation skills
• Ability to translate complex analyses into practical recommendations and influence stakeholders across business functions