Actuarial Manager, Life & Annuity Pricing

Country Financial; Bloomington (IL); On-site; USD 162,000 - 222,000; Full time

Benefits offered by this job

Insurance benefits

401(k) with company match

Job summary

COUNTRY Financial in Bloomington, IL is seeking an experienced actuarial leader to manage the Life & Annuity Pricing team. You will guide pricing, analysis, and ongoing management of life insurance and annuity products, aligning profitability with risk considerations.

This role partners with Product Management, Finance, Investments, Underwriting, Reinsurance, and Distribution to shape product strategy, model development, and pricing methodologies while mentoring the next generation of actuaries.

Qualifications

• Actuarial designation (ASA or FSA) preferred.
• Significant actuarial experience in life insurance and/or annuity pricing or product management.
• Strong understanding of pricing concepts, profitability metrics, and risk assessment.
• Experience with life products such as Whole Life, Term, UL/IUL, and fixed annuities.

Responsibilities

• Oversee and develop staff, including performance evaluations and professional development.
• Lead the actuarial function within life/health/annuity pricing, plan future activities, and communicate results to leadership.
• Ensure work complies with regulations and actuarial standards; maintain CPD requirements.
• Manage disaster recovery planning and keep contact information current across areas.

Skills

ASA or FSA designation

Life insurance pricing

Product development

Leadership

Cross-functional collaboration

Analytical thinking

Communication skills

Pricing concepts

Job description

Experience more with a career at COUNTRY Financial!

We’re excited you’re interested in a career at COUNTRY as we strive toward our vision - to enrich lives in the communities we serve. Our footprint spans coast to coast. But more important than where we operate, is the people who do the work.

About the role

We are seeking an experienced actuarial leader to manage our Life & Annuity Pricing team. This role will lead the pricing and actuarial analysis supporting the development, enhancement, and ongoing management of COUNTRY Financial’s life insurance and annuity products.

The Pricing Manager will play a key role in strengthening our pricing capabilities as we modernize our product portfolio. This leader will partner closely with Product Management, Experience Studies, Modeling, Reinsurance, Underwriting, Finance, Investments, Distribution, and other business areas to develop products that balance competitiveness, profitability, risk, and long-term policyholder value.

This is a unique opportunity to help shape the future of COUNTRY Financial's Life & Annuity product portfolio while playing a key role in major product development and repricing initiatives. The position offers broad exposure across product strategy, experience analysis, actuarial modeling, reinsurance, investments, underwriting, and distribution, providing a well-rounded view of the business. In addition, you will have the opportunity to strengthen and modernize pricing methodologies, models, and processes while serving in a leadership capacity with meaningful responsibility for developing and mentoring the next generation of actuarial talent.

How does this role make an impact?

• 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.

Do you have what we're looking for?

• ASA or FSA designation; FSA preferred.
• Significant actuarial experience in life insurance and/or annuity pricing, product development, or product management.
• Strong understanding of actuarial pricing concepts, including assumption development, profitability metrics, sensitivity analysis, and risk assessment.
• Experience with individual life products such as Whole Life, Term, UL, and/or IUL and/or fixed annuity products.
• Demonstrated ability to lead projects and provide technical direction to actuarial staff.
• Strong analytical and problem-solving skills with the ability to move from technical analysis to a clear business recommendation.
• Strong communication skills and the ability to explain complex actuarial concepts to non-actuarial audiences.
• Ability to collaborate effectively across Product, Finance, Investments, Underwriting, Reinsurance, Distribution, Operations, and other functions.
• People leadership experience or demonstrated ability to coach and develop actuarial talent.

Base Pay Range:

$161,600-$222,200

Incentive Pay:

In addition to base salary, this position is eligible for a Short-Term Incentive plan.

Why work with us?

Our employees and representatives serve nearly one million households with our diverse range of personal and business insurance products as well as retirement and investment services. We build relationships and work together to create a stronger, more secure future for our clients and our communities. We’re a big company, yet small enough you can make an impact and won’t get lost in the shuffle. You’ll have the opportunity to learn and grow throughout your career, either within this role or by exploring other areas of our business.

• You’ll be able to take advantage of our benefits package, which includes insurance benefits (medical, dental, vision, disability, and life), 401(k) with company match.

COUNTRY Financial is committed to providing equal opportunity in all areas of employment, and in providing employees with a work environment free of discrimination and harassment. Employment decisions are made without regard to race, color, religion, age, gender, sexual orientation, veteran status, national origin, disability, or any other status protected by applicable laws or regulations.