Product Actuarial Analyst — Pricing & Insights

Fidelity Life; Des Plaines (IL); On-site; USD 80,000 - 103,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Employer-Paid Life and AD&D Insurance

Employer-Paid Short-Term and Long-Term

Disability Insurance

401(k) Plan with company match

PTO and Sick Time

Job summary

Fidelity Life, together with eFinancial, is seeking an experienced actuarial analyst to develop, maintain, and analyze periodic experience reports across Term Life, Whole Life, IUL and related products in a US life insurance context.

You will partner with cross-functional teams to support pricing, profitability analyses, and new product development, while assisting with state filings and post-launch performance tracking.

Qualifications

• 2+ years of actuarial, product, pricing, insurance analytics, underwriting analytics, or related life insurance experience.
• Undergraduate degree in actuarial science, business, finance or a related field.
• Completion of 2+ SOA exams preferred; active progress toward ASA designation expected.
• Familiarity with life insurance products or related financial services, experience studies, segmentation analysis, dashboards, and profitability analysis.
• Proven ability to meet deadlines.
• Advanced Excel proficiency required. Experience with SQL and data visualization tools (Power BI, Tableau) preferred; exposure to actuarial, statistical, or programming tools such as Python, R, or SAS is a plus.

Responsibilities

• Develop, maintain, and analyze periodic experience reports summarizing product, distributor, underwriting, and profitability performance across Term Life, Whole Life, IUL, and related products.
• Analyze placement, persistency, claims, expenses, straight-through processing, manual underwriting reviews, and final underwriting outcomes to identify trends and disciplined product innovation opportunities.
• Prepare recurring KPI reporting and dashboards for product reviews, market intelligence discussions, and executive updates.
• Partner with cross-functional teams to translate insights into recommendations that support profitable growth across US Life functions.
• Contribute to new product development by supporting opportunity sizing, competitive and market analysis, product feature comparisons, pricing inputs, business case materials, launch readiness metrics, and post-launch performance tracking.
• Help manage the current product portfolio by monitoring performance trends, identifying products or segments needing corrective action, supporting portfolio rationalization, tracking product economics and operational complexity, and preparing recommendations for improvements.
• Document assumptions, data definitions, analytical methods, and findings clearly so analyses are repeatable, actionable, and improvable.
• Assist in the preparation of documentation supporting state filings for new and existing products.
• Support the development, maintenance, and validation of actuarial models, assumptions, and analyses used for pricing, profitability monitoring, product development, and business decision-making.
• Other duties/projects as assigned.

Skills

Analytical thinking

Communication

Attention to detail

Multi-priority/project management

Education

Bachelor's degree in actuarial science, business, finance

2+ SOA exams preferred; ASA progression

Tools

SQL

Power BI

Tableau

Python/R/SAS (plus)

Job description

Fidelity Life, together with eFinancial, is seeking an experienced actuarial analyst to develop, maintain, and analyze periodic experience reports across Term Life, Whole Life, IUL and related products in a US life insurance context.

You will partner with cross-functional teams to support pricing, profitability analyses, and new product development, while assisting with state filings and post-launch performance tracking.