Actuary
About The Position
AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.
Requirements
- Fellow of the Society of Actuaries (FSA)
- 5+ years of actuarial experience in life insurance, annuities, or related financial services
- Strong understanding of insurance pricing fundamentals and financial projection concepts
- Experience building, validating, or improving actuarial models
- Excellent problem-solving skills and comfort working through ambiguous questions
- Strong communication skills, including the ability to explain technical analyses to non-technical audiences
Nice To Haves
- Experience with life insurance product development, pricing, or reinsurance
- Familiarity with state insurance filings, actuarial memoranda, and regulatory constraints
- Experience presenting analysis and recommendations to senior leaders
- Demonstrated ability to improve processes, strengthen controls, and create scalable modeling frameworks
- Technical capability with Excel, SQL, Power BI, VBA, Slope, or similar tools
Responsibilities
- Valuation and reserving
- Asset liability modeling
- Economic capital modeling
- Cash flow testing
- Pricing & product develop
- Data analytics and data science
- Product management
- Underwriting and risk pricing
- Interact with all areas of the company
- Coach to less experienced actuaries
- Assist in planning and organizing short- and long-term activities necessary to achieve established goals
- Stay current on the latest trends impacting life insurance and annuity business
- Lead pricing analyses for life insurance products across multiple channels
- Evaluate profitability, capital efficiency, competitive position, and risk-return trade-offs
- Develop recommendations for pricing action, product redesign, or portfolio strategy
- Build, maintain, and enhance pricing and financial projection models
- Improve model structure, controls, documentation, automation, and repeatability
- Use tools such as Excel, SQL, Power BI, Python, VBA, ALFA, MG-ALFA, or similar platforms to improve efficiency and insight
- Analyze mortality, lapse, expense, premium persistency, and distribution assumptions
- Assess sensitivity, scenario, and stress results to identify key profitability drivers
- Develop defensible recommendations for assumption updates and risk mitigation
- Partner with Product Development, Distribution, Finance, Reinsurance, Compliance, and Valuation
- Evaluate new product opportunities, distribution strategies, allowable acquisition economics, and portfolio optimization options
- Translate complex actuarial analyses into practical business recommendations
- Support state filing work, actuarial memoranda, and regulatory responses
- Ensure pricing decisions are well documented, controlled, and defensible
- Contribute to pricing governance, model risk management, and audit-ready documentation standards
Benefits
- Diverse, equitable, inclusive culture
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
