Annuity Product Innovation Analyst

Kohlberg Kravis Roberts & Co.; Hartford (CT); On-site; USD 75,000 - 100,000; Full time

Job summary

KKR, a leading global investment firm, seeks an Analyst, Annuity Product Development (Retail) to join the Individual Market Team in Hartford, CT. The role focuses on developing and pricing new annuity products to achieve sustainable competitive advantage and drive sales growth across distribution channels.

The analyst will work with stakeholders in investments, risk, hedging and finance to manage profitability, product competitiveness, and rollout of new solutions.

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. Flexible in navigating changing business environments.
• 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. Strong interpersonal skills for relationship building and engagement.
• 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.
• Implement best practices in pricing methods, automation, organization, and documentation to improve overall efficiency and quality of product development efforts.
• 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

Actuarial exams

Analytical skills

Communication

Teamwork

Travel willingness

Education

Actuarial Science degree

Tools

Actuarial software

Job description

KKR, a leading global investment firm, seeks an Analyst, Annuity Product Development (Retail) to join the Individual Market Team in Hartford, CT. The role focuses on developing and pricing new annuity products to achieve sustainable competitive advantage and drive sales growth across distribution channels.

The analyst will work with stakeholders in investments, risk, hedging and finance to manage profitability, product competitiveness, and rollout of new solutions.