Actuarial Senior Consultant-Annuity Products

Securian Financial; Saint Paul (MN); Hybrid; USD 105,000 - 196,000; Full time

Job summary

A leading financial services company is seeking an Actuarial Senior Consultant for Annuity Products. This role involves leadership in product design and pricing, collaborating across teams to enhance financial planning solutions. Candidates should have a strong actuarial background, particularly in individual annuities, and possess excellent analytical and communication skills.

Benefits

Paid time off

Company-funded pension plan

401(k) retirement plan

Health insurance

Volunteer time

Qualifications

• FSA preferred.
• Knowledge of Individual Annuities and/or Life Insurance.
• Strong background in indexed products such as RILA or FIA preferred.

Responsibilities

• Lead product development initiatives for the Individual Annuity product line.
• Manage asset and liability assumptions of annuity products.
• Provide complex analysis and recommendations for annuity product strategy.

Skills

Analytical skills

Problem-solving skills

Communication skills

Education

Fellow of the Society of Actuaries (FSA)

Job description

Actuarial Senior Consultant-Annuity Products

Join to apply for the Actuarial Senior Consultant-Annuity Products role at Securian Financial

Actuarial Senior Consultant-Annuity Products

2 days ago Be among the first 25 applicants

Join to apply for the Actuarial Senior Consultant-Annuity Products role at Securian Financial

Direct message the job poster from Securian Financial

*At Securian Financial the internal position title is Actuarial Sr Con or Actuarial Consultant. The title and salary will be determined based on experience and applied skills.*

Position Overview

The Actuarial Senior Consultant-Annuity Products will provide leadership and expertise in the design, pricing, and implementation of annuity products. You will collaborate with key partners within Individual Solutions as well as across the enterprise to ensure transparency and awareness of the impact of product management actions on sales, earnings, capital, investment strategy, ALM, and enterprise risk appetite. You will create and maintain competitive products that assist customers in achieving financial planning and retirement goals within Securian’s risk appetite.

Responsibilities include but not limited to:

• Lead product development initiatives and ideation for the Individual Annuity product line, including a wide array of fixed, variable, and indexed products
• Lead product management activities including pricing updates, ongoing rate setting, new business modeling, and inforce monitoring
• Manage both asset and liability assumptions of annuity products, utilizing experience studies, inforce projection models, and investment strategy optimization work
• Leverage industry knowledge and enterprise partnerships to make informed recommendations regarding Individual Annuity product strategies
• Provide work direction for product pricing efforts and make recommendations that consider the optimal balance between competitiveness and enterprise risk and return objectives
• Collaborate across the organization to oversee project planning and implementation of new product solutions and changes to existing product suite, including coordination of distribution, marketing, actuarial, and operational resources to successfully launch new products
• Provide complex and thorough analysis and recommendations to management in connection with our annuity product strategy

Qualifications

• FSA preferred
• Knowledge of Individual Annuities and/or Life Insurance
• Strong background in indexed products such as RILA or FIA preferred
• Ability to lead complex projects and provide thought leadership to product development initiatives
• Strong analytical and problem-solving skills along with curiosity and initiative necessary to analyze product designs, risk, and other project results
• Written, oral, and interpersonal communication skills to effectively interact with management, actuarial, distribution, asset management, and others
• Understanding of appropriate balance between market competitive position, regulatory constraints, system capabilities, profitability, investment guidelines, and risk appetite
• Self-motivated and flexible; ability to work independently and as part of a team
• Ability to operate effectively with ambiguity, including situations where no previous groundwork is established

#PIQ

#LI-hybrid **This position will be in a hybrid working arrangement.**

Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. If you’re in a commutable distance (90 minutes), you’ll join us 3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.

The estimated base pay range for this job is:

$105,000.00 - $196,000.00

Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a with a member of the Securian Financial Talent Acquisition team.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job – it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:

• We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what’s important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.
• Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

• Mental Wellness and Disability
• Pride at Securian Financial
• Securian Multicultural Network
• Securian Women and Allies Network
• Servicemember Associate Resource Group

For more information regarding Securian’s benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at [e-mail], by telephone [phone] (voice), or 711 (Relay/TTY).

To view our privacy statement click here

To view our legal statement click here

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Financial Services and Insurance

Referrals increase your chances of interviewing at Securian Financial by 2x

Inferred from the description for this job

Medical insurance

Pension plan

Vision insurance

Paid maternity leave

Tuition assistance

Paid paternity leave

401(k)

Get notified about new Actuarial Consultant jobs in St Paul, MN.

Minneapolis, MN $94,000.00-$160,000.00 2 weeks ago

RETAINED - Pension/Life Actuary - Employer Markets (#54712)

Minneapolis, MN $120,000.00-$170,000.00 4 days ago

Reinsurance Actuary (Property & Casualty)

Director, Actuary - Life & Annuity Finance

Greater Minneapolis-St. Paul Area 3 days ago

Senior Actuary (Reinsurance) | Fully Onsite

Senior Actuarial Analyst, ALDP - Remote,

Actuarial Senior Consultant-Annuity Products (Hybrid)

Actuarial Senior Consultant-Annuity Products (Hybrid)

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.