Actuarial Consultant - Annuity Pricing (Hybrid)

Securian Financial•Saint Paul, MN

50d•$84,000 - $155,000•Hybrid

About The Position

This position will provide expertise in the pricing of annuity products. You will play a critical part in developing competitive and profitable annuity products that align with Securian's strategy, regulatory requirements, and evolving market demands. The ideal candidate has deep expertise in fixed, indexed, and variable annuities, and excels in modeling, risk assessment, and cross-functional collaboration.

Requirements

ASA designation, FSA preferred
Minimum of 5 years of actuarial experience, including at least 3 years in annuity pricing or product development.
Strong command of actuarial modeling software, preferably Prophet.
Excellent communication skills with the ability to explain complex actuarial concepts to non-technical stakeholders.
Understanding of appropriate balance between market competitive position, regulatory constraints, profitability, investment guidelines, and risk appetite
Self-motivated and flexible; ability to work independently and as part of a team

Nice To Haves

Strong background in indexed products such as RILA or FIA preferred.
Proficiency in programming languages such as R, Python, or VBA is a plus.

Responsibilities

Lead end-to-end pricing and profitability analysis for the Individual Annuity product line, including a wide array of fixed, variable, and indexed products.
Design and maintain actuarial models using Prophet.
Collaborate with product development, finance, valuation, risk management, and compliance teams to ensure alignment and feasibility of pricing assumptions and strategies.
Develop and document pricing assumptions based on experience studies, market research, and company benchmarks.
Perform sensitivity and scenario testing to assess pricing robustness under different economic conditions.
Ensure compliance with regulatory and accounting standards including Statutory, GAAP, and RBC frameworks.
Present pricing recommendations, strategies, and results to senior leadership.
Mentor and review the work of junior actuaries and analysts on the pricing team.
Monitor product performance post-launch and recommend repricing or modifications as needed.

Benefits

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: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs.
Mental Wellness and Disability
Pride at Securian Financial
Securian Young Professionals Network
Securian Multicultural Network
Securian Women and Allies Network
Servicemember Associate Resource Group