Senior Group Disability & Leave Actuary (Hybrid)

hq; Saint Paul (MN); Hybrid; USD 111,000 - 208,000; Full time

Job summary

Securian Financial in Saint Paul, MN is building a new Group Disability & Leave product line and seeks a Senior Actuary to create and own the pricing capability for this initiative.

The role collaborates with Product, Case Underwriting, Finance, and external consultants to price, test, and govern assumptions, methods, and tools, with growth potential to lead a team as the business scales.

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 and Leave products.
• Experience working with development and testing of Disability reserves.
• Experience connecting pricing with financial modeling, valuation, and financial results.

Responsibilities

• Actuarial pricing and capability development: create and own assumptions, methods, tools, and controls for pricing.
• Develop Disability experience rating tools and related reserves and assumptions for case pricing.
• Support development of new business pricing and renewal strategies.
• Lead actuarial support for product filings and regulatory responses.
• Partner with external consultants to build pricing expertise.

Skills

Pricing and valuation

Analytical thinking

Communication skills

Team leadership

Problem solving

Adaptability

Data analysis

Stakeholder management

Curiosity

Education

FSA designation

MAAA designation

Tools

Prophet

R

Excel

VBA

Job description

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.

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

Hybrid working arrangement: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.

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. M