Actuary – VA/IFRS Reporting

Jobtailor; Iowa (LA); On-site; USD 120,000 - 180,000; Full time

Job summary

Jobtailor seeks an experienced actuary to lead actuarial functions across product lines and corporate processes. You will evaluate new product ideas, set pricing strategies and guide the development of insurance products.

You will interpret actuarial information for management, monitor profitability, ensure regulatory compliance, and contribute to major recurring projects. Clear communication and strong leadership are essential.

Qualifications

• FSA or equivalent designation with a related degree and 7 years of experience.
• Alternative: Master's degree in related field with 5 years of experience.
• Alternative: ASA or equivalent with 10 years of experience.
• Demonstrates leadership, judgment and prioritization.
• Strong communication of complex concepts to varied audiences.
• Ability to work under pressure to meet objectives.
• Proficient computer skills; programming knowledge preferred.
• Knowledge of GAAP and VA/RILA preferred.

Responsibilities

• Manage actuarial functions for product lines or corporate processes.
• Evaluate new product ideas, pricing and maintenance of existing products.
• Direct design, pricing and implementation of insurance products.
• Prepare and interpret actuarial information for management.
• Monitor profitability by line/product and develop supporting analyses.
• Ensure compliance with state and federal regulations.
• Support data and assumptions for studies underlying actuarial models.
• Assist in systems specifications, contracts and commission structures.
• Stay current with actuarial methods, laws and market developments.
• Provide guidance on pricing rates, modeling methods and reserving.
• Represent the company on industry committees or regulators.
• Possibly supervise a team of employees.

Skills

Leadership

Communication

Analytical thinking

Programming (preferred)

GAAP knowledge (preferred)

VA/RILA knowledge (preferred)

Education

FSA or equivalent designation

Bachelor's degree in Actuarial Science/Math/Stats/Economics or related field

Master's in listed discipline (in lieu of Bachelor's)

ASA or equivalent designation (in lieu of FSA)

Job description

Responsibilities

• Manages one or more actuarial functions for a product line or Corporate process
• May evaluate new product ideas, and pricing and maintenance of existing products
• May direct the design, pricing, and implementation of insurance products
• Leads the preparation and interpretation of actuarial information for presentation to management
• Monitors profitability by line of business and/or product and develops supporting reports and/or analyses
• Maintains the product line or Corporate process to comply with various state and federal regulations
• Manages studies that underlie actuarial assumptions and provides assumptions and data to others
• May support creation of systems specifications, contracts, commission structures, and other actuarial aspects of product development
• Monitors and analyzes developments in actuarial techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace
• Recommends appropriate reactions to these developments
• Provides guidance and advice regarding pricing rates, modeling methodology, or reserving and related matters
• Serves as a key resource for completion of one or more major recurring projects during the course of the year
• Represents the company on industry and professional committees and/or with regulators
• May supervise a team of employees

Requirements

• FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 7 years of relevant experience
• In lieu of Bachelor's, will accept Master's in a listed discipline and 5 years of relevant experience
• In lieu of FSA will accept ASA or equivalent professional designation and 10 years of relevant experience
• Demonstrates high quality leadership, judgment, organization and prioritization skills
• Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences
• Works well under pressure and within time constraints to effectively accomplish individual and team objectives
• Excellent computer skills.
• Programming skills (preferred)
• VA/RILA knowledge (preferred)
• GAAP knowledge (preferred)