AVP, Annuity Pricing

Foresters Financial; United States; On-site; USD 180,000 - 240,000; Full time

Job summary

Foresters Financial in the United States seeks an AVP, Annuity Pricing to lead pricing, product development support, and profitability management of the annuity portfolio.

The role provides strategic direction on pricing assumptions, product design, risk management, and capital optimization, while coordinating with reinsurers and senior leadership. A senior leadership role overseeing a pricing team supports growth.

Qualifications

• Bachelor's degree in actuarial science or mathematics or equivalent.
• Fellow of the Society of Actuaries (FSA) required with extensive annuity pricing experience.
• CERA designation preferred.
• 10+ years of actuarial experience with significant annuity pricing.
• Advanced proficiency in actuarial modeling tools (MG-ALFA, AXIS or similar).
• Deep knowledge of fixed and fixed indexed annuities and hedging programs.

Responsibilities

• Lead pricing model validation, documentation, and governance process.
• Ensure compliance with actuarial standards of practice and internal controls.
• Present pricing recommendations to senior leadership and product committees.
• Manage reinsurance RFPs and ensure treaty terms compliance.
• Set best estimate assumptions for mortality, lapse, utilization, expenses, and investment returns.
• Assess capital impacts under statutory and RBC frameworks.
• Support asset-liability management and reinsurance optimization.
• Lead pricing actuaries and analysts as the annuity business grows.

Skills

Pricing leadership

Actuarial analysis

Team management

Reinsurance knowledge

Regulatory alignment

Education

Bachelor of Actuarial Science or Mathematics

Tools

MG-ALFA

AXIS

Job description

Overview

AVP, Annuity Pricing. This role is responsible for leading the pricing, product development support, and profitability management of the company’s annuity product portfolio. This role provides strategic direction on pricing assumptions, product design, risk management, and capital optimization while ensuring alignment with corporate financial objectives and regulatory requirements. The role also manages the relationship with reinsurers as it relates to annuities.

Key Responsibilities

• Responsible for annuity pricing model validation, documentation, and model governance process
• Ensure compliance with actuarial standards of practice and internal controls
• Present pricing recommendations to senior leadership and product committees
• Manage reinsurance RFPs and ensure compliance with the terms of the reinsurance treaty on an ongoing basis
• Set best estimate assumptions for mortality, lapse, utilization, expenses, and investment returns
• Assess capital impacts under statutory and RBC frameworks
• Support asset-liability management and reinsurance optimization
• Lead a team of pricing actuaries and analysts as the annuity business grows

Key Qualifications

• Education (minimum required): Bachelor of Actuarial Science or Mathematics or equivalent
• Experience (minimum required): Fellow of the Society of Actuaries (FSA)
• Chartered Enterprise Risk Analyst (CERA) designation
• 10+ years of actuarial experience with significant experience in annuity pricing
• Advanced proficiency in actuarial modeling tools (e.g. MG-ALFA, AXIS, or similar)
• Deep knowledge of fixed and fixed indexed annuity products
• Familiarity with hedging programs for fixed indexed annuities

The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan; results are subject to both individual and company performance.

Additional Information

Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves. Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [e-mail] in advance of your appointment. Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.