Annuity Product Development Analyst - Pricing & Innovation

Stage; Hartford (CT); On-site; USD 75,000 - 100,000; Full time

Job summary

KKR seeks an Analyst, Annuity Product Development (Retail) to join the Individual Market Team in Hartford, CT. You will develop and price new annuity products, engaging with internal and external stakeholders to drive sustainable growth and competitive advantage across distribution channels.

The role reports to the Vice President, Individual Markets and requires collaboration with risk, hedging, and finance to manage profitability of new and in-force products.

Qualifications

• Bachelor’s degree (or higher) in Actuarial Science and at least 1 year of experience in the annuity/life insurance industry is preferred, product development experience a plus
• Successfully completed 2+ actuarial exams; Actuarial Mathematics exam(s) strongly preferred
• Prior experience with actuarial software considered a plus
• Prior annuity product development experience considered a plus
• Ownership - Takes personal accountability for the execution of their goals and objectives. Strong organization and delivery of results.
• Innovative - Able to participate in the generation of new and unique ideas. Forward thinking and tenacious.
• Analytical Skills - Possess strong analytical skills necessary to price products, ability to trouble-shoot and work to find solutions independently.
• Communication - Able to communicate effectively – verbal, written and listening.
• Teamwork - Has positive attitude necessary to be part of a strong performing team.
• Must be able to travel occasionally to other offices (i.e. Des Moines, New York, Wayne (PA))

Responsibilities

• Perform timely research, development, and robust product pricing of new solutions.
• Use MG-ALFA or other modeling actuarial projection software to develop disciplined, robust pricing models and risks analysis for new product design ideas and modifications to current products.
• Effectively balance competitive and pricing objectives to achieve overall company objectives.
• Collaborate with the Product Implementation team during the implementation of new products.
• Collaborate with the Pricing team to set rates on new products and effectively incorporate new products into the product management processes.
• Support product development needs related to state & prospectus filing, admin system testing, operations, marketing, and sales illustration.
• Communicate with peers in product, risk management, investments, marketing, legal & operations.
• Support product approval by ensuring product risks are mitigated and documented.
• Develop and maintain industry knowledge including economic, regulatory, and competitive environments to support development of new products.

Skills

Ownership

Innovative

Analytical skills

Communication

Teamwork

Travel flexibility

Education

Bachelor’s degree in Actuarial Science

Actuarial exams completed (2+)

Actuarial Mathematics exams preferred

Tools

MG-ALFA

Actuarial software

Job description

KKR seeks an Analyst, Annuity Product Development (Retail) to join the Individual Market Team in Hartford, CT. You will develop and price new annuity products, engaging with internal and external stakeholders to drive sustainable growth and competitive advantage across distribution channels.

The role reports to the Vice President, Individual Markets and requires collaboration with risk, hedging, and finance to manage profitability of new and in-force products.