Senior Actuary - Fixed Indexed Annuity Pricing & Product Strategy

Cim; Northern (KY); Hybrid; USD 180,000 - 240,000; Full time

Job summary

Bruce & Bruce Company is seeking a Senior Actuary to lead FIA product development and pricing, working directly with clients and cross-functional teams. You will shape pricing strategies, build robust models, and influence product design and strategic decisions.

Ideal candidates bring 10+ years in life insurance or annuities, FIA pricing leadership, and strong communication skills to translate complex analytics into actionable recommendations for clients and internal stakeholders.

Qualifications

• Bachelor’s degree in actuarial science, mathematics, statistics, finance, or a related quantitative field.
• FSA preferred; ASA candidates with FIA pricing leadership considered.
• 10+ years of actuarial experience in life insurance or annuities with leadership in pricing, product, or valuation.
• Deep FIA experience across design, pricing, repricing, inforce analysis, and assumption setting.
• Strong knowledge of statutory, U.S. GAAP, LDTI, capital frameworks, and actuarial governance.

Responsibilities

• Lead pricing strategy and profitability analysis for FIA products and launches.
• Own and enhance pricing and projection models for design, valuation, and filings.
• Provide insights on policyholder behavior, lapse trends, and rate strategy.
• Collaborate with Product, Compliance, and Legal to support filings and governance.
• Mentor junior staff and contribute to cross-functional initiatives.

Skills

Pricing leadership

Profitability analysis

Modeling

Client-facing

FIA pricing

Education

Bachelor’s degree in actuarial science

FSA preferred

Tools

MG-ALFA

Prophet

AXIS

Job description

Bruce & Bruce Company has advised life and health insurers since 1929, bringing deep actuarial, product, and strategic consulting expertise to some of the industry’s most important challenges. Our work spans annuity and life product development, pricing, valuation, financial reporting, compliance, M&A analysis, projection modeling, and retirement plan consulting.

We are seeking a seasoned actuarial professional to join our team as Senior Actuary – FIA Product Development & Pricing. This is a high-impact opportunity to lead client-facing work, shape innovative annuity solutions, and collaborate with experienced consultants in a growth-oriented environment.

Why Join Bruce & Bruce

At Bruce & Bruce, you will do meaningful work that directly influences client decisions, product strategy, and business outcomes. You will gain the variety and intellectual rigor of consulting, the flexibility of a remote role, and the opportunity to grow your impact within a respected specialized firm.

Key Duties and Responsibilities:

• Lead pricing strategy and profitability analysis for new launches, product enhancements, and FIA repricing initiatives
• Own and enhance pricing and projection models that support product design, valuation, and business decisions
• Deliver insights on product performance, policyholder behavior, lapse trends, and credited rate strategy
• Partner with Product, Compliance, and Legal to support filings, governance, and speed to market
• Collaborate with investment and hedging partners on option budgets, asset strategy, and risk mitigation
• Lead scenario testing and capital impact analysis under changing market conditions
• Support reserve calculations and financial reporting under statutory, GAAP, and LDTI frameworks
• Contribute to reinsurance strategy, capital efficiency, and product economics initiatives
• Monitor market, competitor, and regulatory developments to inform product strategy and client advice
• Mentor junior staff and contribute to cross-functional initiatives that drive client and firm success

Required Experience and Competencies:

• Bachelor’s degree in actuarial science, mathematics, statistics, finance, or a related quantitative field
• FSA preferred; experienced ASA candidates with strong FIA pricing leadership will also be considered
• 10+ years of actuarial experience in life insurance or annuities, including leadership of complex pricing, product, or valuation work
• Deep FIA experience across product design, pricing, repricing, inforce analysis, and assumption setting
• Strong command of FIA mechanics, crediting strategies, rider design, surrender charges, and profitability drivers
• Working knowledge of statutory, U.S. GAAP, LDTI, capital frameworks, and actuarial governance
• Experience with hedging concepts, option budgets, asset strategy, or FIA market risk is preferred
• Proficiency with MG-ALFA, Prophet, AXIS, or similar actuarial modeling platforms
• Strong analytical judgment with the ability to assess profitability, risk, capital impact, and market positioning
• Excellent communication skills with the ability to translate complex actuarial insights into clear business recommendations
• Ability to manage multiple priorities and deliver high-quality work in a fast-paced, client-focused environment
• Consulting or other client-facing advisory experience is a strong plus