Senior Group Disability & Leave Actuary (Hybrid)

Securian Financial Group; Saint Paul (MN); Hybrid; USD 111,000 - 208,000; Full time

Benefits offered by this job

PTO and leave programs

Health insurance

401(k) retirement plan

Job summary

Securian Financial Group in Saint Paul, MN, is seeking an Senior Actuary to lead pricing for the new Group Disability & Leave product line. You will own pricing assumptions, methods, tools, governance, and collaborate with Product, Underwriting, Finance and external consultants.

The role focuses on developing experience rating tools, pricing for filings, and strategic guidance to support product launches, renewals and profitable growth, with potential to build and lead a pricing team.

Qualifications

• Knowledge of Group Disability & Leave products with pricing and rate filing experience.
• Experience developing actuarial assumptions, pricing methods, tools, and supporting analysis for Disability/Leave products.
• Experience with disability reserves development and testing.
• Experience linking pricing with financial modeling and results.
• Proficiency with Prophet, R, Excel, or VBA.

Responsibilities

• Actuarial Pricing and Capability Development: own pricing assumptions, methods, tools, controls and documentation.
• Develop Disability experience rating tools and reserves for case pricing.
• Support new business pricing and renewal strategies.
• Lead actuarial support for filings and regulatory responses.
• Partner with external consultants to build pricing capabilities.

Skills

Disability pricing

Pricing governance

Prophet

R

Excel

VBA

Strong communication

Analytical thinking

Collaboration

Education

FSA

MAAA

Tools

Prophet

R

Excel

VBA

Job description

*At Securian Financial the internal position title is Actuarial Sr Con.*

Position Summary

Securian is building a new Group Disability & Leave product line. This position will create and own the actuarial pricing capability needed to support product development, market launch, and profitable growth.

The Senior Group Disability & Leave Actuary will serve as Securian's internal expert in disability pricing and own pricing assumptions, methods, tools, and governance. This individual will work closely with Product, Case Underwriting, Finance, other actuarial teams, and external consultants.

The successful candidate will have deep knowledge of disability products, pricing, and financial drivers. The role requires strong ownership, strategic thinking, and the ability to communicate complex actuarial topics clearly. As the business grows, this position may have the opportunity to build and lead a Disability & Leave actuarial team.

Responsibilities

1. Actuarial Pricing and Capability Development

• Create and own the assumptions, methods, tools documentation, and controls needed to price Group Disability & Leave products.
• Develop Disability experience rating tools, including the development of reserves and related assumptions required to evaluate case by case experience.
• Support development of new business pricing and renewal strategies.
• Lead actuarial support for product filings and regulatory responses, incorporating relevant industry developments.
• Partner with external consultants to build disability pricing expertise and capabilities.

2. Case Underwriting Support

• Provide actuarial consultation to Case Underwriting on plan design and pricing for complex or large cases.
• Develop and maintain quoting tools that support accurate, efficient case pricing.

3. In-Force Management, Data, and Analytics

• Monitor claims experience, identify emerging trends, and recommend changes to pricing assumptions or methods.
• Maintain industry connections and leverage results of key industry studies and surveys to provide insights.
• Use data and analytics to create actuarial insights.

4. Financial and Business Decision Support

• Lead quarterly analysis of Disability & Leave morbidity results, key drivers, and outlook.
• Support Goals and Plans projections.
• Translate actuarial and financial analysis into clear recommendations for business leaders.

Qualifications

Required

• Knowledge of Group Disability & Leave products (including: PFML, Statutory STD, Fully Insured STD, ASO STD, and LTD), with significant product pricing and rate filing experience.
• Experience developing actuarial assumptions, pricing methods, tools, and supporting analysis for Disability and Leave products.
• Experience working with the development and testing of Disability reserves.
• Experience connecting pricing with financial modeling, valuation, and financial results.
• Expertise with technical tools such as Prophet, R, Excel, or VBA.
• FSA and MAAA actuarial designations.
• Strong analytical and problem-solving skills, along with a willingness to partner with others to reach the best solution.
• Strong written, oral, and interpersonal communication skills, including the ability to interact effectively with management, actuaries, technology partners, and other Employee Benefits Solutions' business areas.
• Curiosity and initiative to explore and work through ambiguous topics, with adaptability in a rapidly changing environment.
• Self-motivated and flexible, with the ability to work independently and as part of a team.
• Strong documentation and organizational skills and attention to detail.

Preferred

• 10+ years of industry experience working with Disability products.
• Experience in the National/large case Group market.
• Experience building a new pricing capability or supporting a new product launch.
• Experience working with actuarial consultants or other external partners.
• Demonstrated experience in hiring, developing, and leading high-performing teams, with a strong ability to build a collaborative and accountable team culture.

#LI-hybrid This position will be in a hybrid working arrangement.

Securian Financial believes that meaningful in-person collaboration is an important part of our culture. Our hybrid work model gives associates the flexibility to work both remotely and in the office while fostering connection, learning, and innovation. Associates who live within a 90-minute commute of our Home Office in St. Paul, Minnesota spend 3 or more days each week working from the office.

Preferred Skills:

Business Acumen, Coaching, Consulting, Critical Thinking, Data Analysis, Data Reporting, Financial Analysis, Financial Planning, Leadership, Mathematics, Proactive Behavior, Problem Solving, Project Management, Risk Management, Stakeholder Management, Statistical Software, Strategic Thinking, Technical Translations

The estimated base pay range for this job is:

$111,300.00 - $207,800.00

Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job - it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:

• We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what's important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.
• Leave programs: Securian's flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
• Holidays: Securian provides nine company paid holidays.

Company-funded pension plan and a 401(k) retirement plan:

Share in the success of our company. Securian's 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance:

From the first day of employment, associates and their eligible family members - including spouses, domestic partners and children - are eligible for medical, dental and vision coverage.

Volunteer time:

We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups:

• Environmental Health & Sustainability
• Mental Wellness and Disability
• Pride at Securian Financial
• Securian Young Professionals Network
• Securian Multicultural Network
• Securian Women and Allies Network
• Servicemember Associate Resource Group

For more information regarding Securian's benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at [e-mail], by telephone [phone] (voice), or 711 (Relay/TTY).

Securian Financial is a drug-free workplace.

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