Data Scientist - Actuarial Modeling/Developer

Creative Solutions Services, LLC; Newark (NJ); Hybrid; USD 120,000 - 180,000; Full time

Job summary

Creative Solutions Services, LLC is seeking an Actuarial Modeling/Developer for Pension Risk Transfer in Newark, NJ. The role emphasizes designing callable actuarial components and building pricing pipelines, with collaboration across quantitative teams.

The position requires a strong actuarial foundation, ASA designation, and a Master's degree, plus 4+ years of pricing/valuation experience. This is a hybrid role with 3 days in-office in Newark.

Qualifications

• Master's Degree in Actuarial Science, Mathematics, Finance, Computer Science, or related field.
• ASA with 4+ years of actuarial experience (pricing, valuation, risk modeling).
• Pension experience preferred; familiarity with pension plan structures and pricing is a plus.
• Programming skills: Python, SQL, VBA; willingness to develop; cloud platform experience is a plus.

Responsibilities

• Design and develop callable actuarial components using Python, VBA, SQL and other technologies for integration into pricing pipelines.
• Collaborate with quantitative professionals to develop pricing solutions for diverse pension plan structures.
• Build, enhance and maintain pricing models and tools, automating processes through hands-on development.
• Develop pricing infrastructure and contribute to data visualization and reporting used to inform decision‑making.
• Analyze population and plan experience data to determine mortality and actuarial assumptions for pricing.

Skills

Actuarial pricing

Python

SQL

VBA

Communication

Modeling

Education

Master's degree

ASA designation

Tools

Python

SQL

VBA

Cloud (AWS/Azure/GCP)

Job description

Contract to hire with a major financial firm in Newark, NJ. Hybrid, 3 days/week in office.

Overview

The Actuarial Modeling/Developer – Pension Risk Transfer (PRT) Team, is a position that plays a key role in the overall pricing operations and infrastructure development of PRT Business. This role requires a strong foundation in actuarial first principles, with the primary focus on designing and developing callable actuarial components that integrate into broader pricing pipelines.

Primary Responsibilities

• Design and develop callable actuarial components using Python, VBA, SQL, and other technologies, building modular logic that can be integrated into robust orchestration pipelines
• Collaborate with highly-specialized and talented quantitative professionals to develop creative pricing solutions and strategies for diverse pension plan structures
• Build, enhance, and maintain pricing models and tools, automating and streamlining processes through hands‑on development
• Develop pricing infrastructure and contribute to data visualization and reporting processes used across the organization to manage business production and inform strategic decision‑making
• Analyze population and pension plan specific experience data to determine mortality and other actuarial assumptions for pricing
• Provide timely, accurate and insightful pricing analytics to facilitate confident decision‑making
• Support the development and execution of competitive positioning strategies
• Collaborate cross‑functionally across the organization to develop and implement pricing strategies that balance competitiveness and profitability while ensuring compliance with internal standards and external regulations

Nice to Have Responsibilities

• Leverage advanced analytics, machine learning, and AI‑driven methodologies to partner with other emerging bodies across the enterprise
• Support the exploration and evaluation of predictive analytics to enhance compliance with Model Risk standards

Qualifications

• Strong foundation in actuarial first principles required
• Background in actuarial science, mathematics, computer science, statistics, or related quantitative discipline
• Master's Degree (MA / BS) required. Degree in Actuarial Science, mathematics, finance, computer science, or related discipline preferred
• ASA with 4+ years of strong actuarial experience (product development, pricing, valuation, asset/investment/hedging/risk modeling, etc.)
• Pension experience preferred; familiarity with pension plan structures, liability valuation, and pension risk transfer pricing is a plus
• Programming skills preferred (Python, SQL, VBA); willingness to develop coding proficiency is expected. Experience with cloud platforms (AWS, Azure, GCP) is a plus
• FSA, MAAA, CFA, PhD, FRM, Client or advanced degree in S.I.E.C. preferred but not required
• Candidates with alternative qualifications including 7+ years of relevant quantitative/technical experience are welcomed
• Strong quantitative modeling experience including complex quantitative concepts and models
• Strong communication skills, particularly in presenting results to senior executives
• Proven ability to articulate complex data into actionable insights for senior leadership
• Creative problem solver, particularly in areas with few best practices
• Highly motivated and ability to thrive in a fast‑paced, results‑oriented environment with high standards for quality
• Experience working at an insurance company or a multi‑functional team is a plus