Lead Actuary - RILA

The Jackson National Life Insurance Company; Lansing (MI); On-site; USD 195,000 - 215,000; Full time

Benefits offered by this job

Annual bonus

Long-term incentives

PTO & holidays

Health benefits

401(k) matching

Adoption assistance

Education matching

Dependent tuition

Job summary

Jackson National Life Insurance Company, based in Lansing, Michigan, seeks an experienced actuarial professional to lead cross-functional efforts on registered index-linked annuities (RILA).

The role requires strong actuarial knowledge, leadership, and the ability to mentor teams while driving pricing, reporting, and risk management initiatives.

Qualifications

• Bachelor's degree in actuarial science or related field.
• 8+ years actuarial experience with RILA or indexed annuities.
• Pursuit of FSA or ASA designation preferred.

Responsibilities

• Leads cross-functional meetings with senior management and external parties.
• Prepares reports and presentations for senior management.
• Directs actuarial output processes (reserves, cash flow, pricing).
• Mentor staff and guide project teams on methods and controls.
• Identify risks and develop mitigating controls.

Skills

RILA / indexed annuities

Actuarial modelling

SAS / Python

Communication

Leadership

Education

Actuarial degree

Tools

ALFA

Job description

Job Purpose

Provides cross-functional actuarial expertise on registered index-linked annuities (RILA) in areas such as product development, in-force management, financial modeling, financial reporting, and asset/liability management. Performs and guides analysis that quantifies risk management strategies for RILA, recommending optimal approaches to senior management. Uses technical modeling expertise to collaborate with and mentor others toward industry-leading RILA thought leadership.

Essential Responsibilities

• Leads cross-functional and cross-departmental team meetings, meetings with senior management, and meetings with external parties.
• Works independently, setting priorities and deadlines, and sharing status with senior management.
• Communicates with actuarial associates at all levels, cross-departmental associates at all levels, and external parties, orally and in writing.
• Composes reports and presentations for senior management.
• Provides senior manager level review of proposed actuarial methodology changes, new product implementations, and the work product of project teams.
• Directs processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
• Drives initiatives for improving methods and procedures, as necessary, to increase efficiency and improves controls.
• Leads cross-functional and cross-departmental projects, creating project plans and assigning tasks.
• Develops specific skills of cross-functional team staff for projects and control deployment.
• Serves as an expert resource for the company in several areas of regulatory, professional, or technical knowledge.
• Finds issues, proposes solutions, identifies and secures resources to resolve.
• Directs the identification of risks and development of mitigating controls.
• Pursues emerging technical knowledge and represent Jackson at industry forums.
• Other Duties Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities

• Expert knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
• Expert in RILA or indexed annuities.
• Advanced knowledge in one or more other insurance product lines (life, annuities).
• Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, modeling, or asset/liability management).
• Advanced experience in at least one other key field of actuarial work.
• Firm understanding of all fields of actuarial work.
• Expert knowledge of several actuarial applications used by Jackson, such as SAS, Python, ALFA, etc.
• Understanding of industry advancements, best practices and technology initiatives.
• Ability to guide cross-functional and cross-departmental project teams to implement advanced changes to applications.
• Ability to envision process and model improvements and develop approaches to implement the improvements.
• General to advanced understanding of several processes applied across the Jackson actuarial department.
• Ability to organize and lead large-scale projects.
• Ability to communicate highly analytical and complex ideas to broad spectrum of audiences, including external parties, both in writing and orally.
• Ability to write effective formal reports for senior management and external parties.
• Ability to lead cross-function and cross-departmental team meetings.
• Strong analytical and problem-solving skills with the ability to apply judgement and effectively resolve complex problems and issues.
• Flexible thinking and creativity with the ability to adapt standard actuarial models to unusual situations, to develop new actuarial models, and to combine internal and external data sources.

Qualifications

Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required. 8+ years of actuarial experience and FSA or 12 + years of actuarial experience and ASA required. 10+ years of actuarial experience and FSA or 14+ years of actuarial experience and ASA preferred. RILA or indexed annuity experience required. Continuing efforts to pursue Fellow of the Society of Actuaries (FSA) designation preferred.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by the personnel so classified.

Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity.

Company facilities and campuses are tobacco-free environments.

Base Pay: $195,000.00 - $215,000.00. The base salary for this position may vary depending on experience, job-related knowledge, skills, and abilities.

• eligible to participate in our annual bonus program
• may be eligible to participate in our long-term incentives program
• eligible for compensated personal time off and holidays
• health benefits
• 401(k) plan with generous matching
• other benefit programs according to the Company's employment policies and subject to the formal terms of such plans and programs.
• competitive pay
• bonuses
• comprehensive health insurance benefits
• a matching 401(k) retirement plan
• adoption assistance
• education matching gift program
• dependent tuition program

At Jackson, our employees are empowered to bring a fresh perspective, confront new challenges, and define their own career paths. We value the unique perspectives and innovative ideas that come from our employees' diverse backgrounds.

Jackson is the marketing name for Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York (Home Office: Purchase, New York). Jackson National Asset Management, LLC (JNAM) located in Chicago, Illinois, is an SEC-registered investment adviser and Jackson subsidiary. Annuities are distributed by Jackson National Life Distributors LLC, Member FINRA. Jackson companies offer an outstanding benefits package including competitive pay, bonuses, comprehensive health insurance benefits, a matching 401(k) retirement plan, adoption assistance, education matching gift program and dependent tuition program.

To learn more about Jackson's financial strength and results, visit jackson.com.