Product Actuary

Ceres Life Insurance Company; New York (NY); On-site; USD 120,000 - 140,000; Full time

Job summary

Ceres Life Insurance Company is hiring a Product Actuary who will be responsible for designing and pricing new financial products. The role involves working closely with various teams to ensure the products are competitive and comply with regulatory standards, influencing the growth of the company in the insurance market.

Benefits

Competitive compensation package

PTO

Health benefits

Career growth opportunities

Qualifications

• 5+ years of actuarial experience with a focus on product design and pricing.
• Expertise in annuity product lines.
• Hands-on experience with actuarial modeling tools.

Responsibilities

• Lead product development initiatives from ideation through implementation.
• Collaborate with distribution teams and design marketable products.
• Prepare actuarial memoranda and maintain pricing models.

Skills

Technical modeling skills

Regulatory awareness

Strategic insight

Strong business acumen

Decision-making skills

Education

FSA or near-FSA certification

Tools

Excel

Python

Job description

Join to apply for the Product Actuary role at Ceres Life Insurance Company

1 week ago Be among the first 25 applicants

Join to apply for the Product Actuary role at Ceres Life Insurance Company

Get AI-powered advice on this job and more exclusive features.

Ceres Life Insurance Company provided pay range

This range is provided by Ceres Life Insurance Company. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$120,000.00/yr - $140,000.00/yr

Company Overview

Westaim and CC Capital have joined forces to strategically transform Westaim from a holding company into a global alternative credit asset manager with a unique, integrated insurance platform, branded as New Westaim. This partnership fuels a vision to provide innovative, customized financial solutions in the alternative credit and insurance space, expanding opportunities for growth and client impact.

Salem Group Holdings, LLC (SGH) was formed as part of the insurance side of the New Westaim strategy and is the parent company to Ceres Life Insurance, a fast-growing, forward-thinking annuity carrier startup dedicated to securing financial futures for clients through innovative annuity solutions. The Ceres Life Insurance mission is to enable individuals to retire with peace of mind and dignity by combining advanced technology, top-tier talent, and strong vendor partnerships to provide exceptional support and service.

At SGH and Ceres Life Insurance, we are deeply committed to fostering a positive, client-centered culture. Through our Digital Contact Center, we deliver exceptional, personalized support that empowers clients to take control of their financial journey. Our approach focuses on proactive solutions, self-service tools, and collaborative client relationships to help individuals reach their financial goals and retire confidently.

Job Summary

The Product Actuary will lead the design, pricing, and profitability analysis of new and existing MYGA and FIA with living benefit guarantees. This role partners closely with marketing, sales, finance, and risk teams to ensure products are both competitive and financially sound. Ideal candidates will bring strong technical modeling skills, regulatory awareness, and strategic insight.

Key Responsibilities

• Lead product development initiatives from ideation through implementation, including:
• Concept validation and competitive analysis
• Pricing model development and scenario testing
• Assumption setting and justification
• Profitability testing (statutory, GAAP, tax)
• Collaborate with distribution teams and legal to design innovative, marketable and customer-centric products
• Prepare actuarial memoranda, rate filings, and support responses to regulators and auditors
• Maintain and enhance pricing models in SLOPE and other modeling platforms (Excel and Python)
• Support reinsurance pricing and negotiations when applicable
• Ensure product compliance with actuarial standards, regulations (e.g., VM-22), and internal guidelines
• Monitor product performance and recommend inforce management strategies
  
  

Required Qualifications

• FSA or near-FSA with strong product experience
• 5+ years of actuarial experience, with a focus on product design and pricing
• Expertise in annuity product lines
• Hands-on experience with actuarial modeling tools or custom Python/Excel-based tools
• Solid understanding of valuation frameworks, capital requirements, and regulatory guidelines
• Ability to clearly communicate technical concepts to non-actuaries
• Strong business acumen and decision-making skills
  
  

Preferred Qualifications

• Pricing of MYGA and fixed indexed annuities (FIAs)
• Experience with GLWB, GMDB, or other living/guaranteed benefit riders
• Familiarity with VM-21, VM-22, and C3 Phase II
• Working knowledge of hedging programs and ALM concepts
• Experience in product filing process and supporting regulatory discussions
• Exposure to sales illustrations, competitive intelligence tools, or inforce repricing
  
  

Why Join Us?

• Be part of a fast-growing, innovative insurance business dedicated to providing top-tier support to IMOs and financial advisors.
• Make a direct impact on the company’s growth strategy, playing a key role in building and optimizing our IMO partnerships.
• Work in a high-energy, collaborative startup environment with a focus on technology, digital tools, and advisor enablement.
• Competitive compensation package with PTO, health benefits, and career growth opportunities.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

Referrals increase your chances of interviewing at Ceres Life Insurance Company by 2x

Sign in to set job alerts for “Actuary” roles.

New York, NY $100,000.00-$130,000.00 3 weeks ago

New York, NY $52,000.00-$92,000.00 2 weeks ago

New York City Metropolitan Area $120,000.00-$165,000.00 6 days ago

New York, NY $80,000.00-$110,000.00 9 months ago

New York, NY $80,000.00-$100,000.00 1 week ago

Jersey City, NJ $116,000.00-$190,000.00 2 weeks ago

New York, NY $105,000.00-$115,000.00 4 days ago

New York, NY $120,000.00-$200,000.00 3 weeks ago

New York, NY $118,000.00-$145,500.00 1 week ago

New York, NY $120,000.00-$200,000.00 3 weeks ago

Global Banking & Markets, Equity Derivatives Structuring, Product & Pricing Actuary, Associate - New York

Bronx, NY $120,000.00-$150,000.00 1 year ago

New York City Metropolitan Area $77,760.00-$149,040.00 2 weeks ago

New York, NY $150,000.00-$180,000.00 1 week ago

Are you a P&C Actuary interested in Underwriting? Property Reinsurance Underwriter/Actuary opening in NY/CT - PR12898

New York City Metropolitan Area 4 days ago

New York, NY $77,760.00-$149,040.00 2 weeks ago

New York City Metropolitan Area 4 days ago

New York, NY $130,000.00-$213,000.00 2 weeks ago

Assistant Actuary or Senior Actuarial Analyst

New York, NY $74,300.00-$140,000.00 1 week ago

M&A Analyst-Ethos Specialty Insurance Services LP

New York City Metropolitan Area 4 days ago

New York, NY $100,000.00-$110,000.00 1 day ago

New York, NY $125,000.00-$185,000.00 1 week ago

Senior Insurance Actuarial Analyst - Auto

Manhattan, NY $77,900.00-$157,850.00 1 week ago

New York, NY $167,000.00-$190,000.00 3 weeks ago

New York, NY $145,000.00-$165,000.00 6 days ago

Actuarial Consultant - P&C Insurance Pricing & Predictive Modeling

New York, NY $100,000.00-$120,000.00 2 weeks ago

Iselin, NJ $150,000.00-$180,000.00 1 week ago

Jersey City, NJ $146,000.00-$200,000.00 1 month ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.