AVP, Annuity Risk Management and Pricing

Constellation Insurance, Inc.•Montgomery, OH

5d•Hybrid

About The Position

The AVP, Annuity Risk Management & Pricing plays a key leadership role in oversying the risk and pricing strategy for the company's annuity product portfolio, with a focus on Variable Annuities (VA) and Registered Index-Linked Annuities (RILA). Your role and impact Here's a glimpse of your responsibilities and the meaningful impact you'll create as the AVP, Annuity Risk Management & Pricing: Playing a key role in pricing and risk oversight for VA and RILA products, including model development, assumption setting, and profitability analysis Providing leadership in the design, development, and governance of actuarial and financial models used in pricing and risk management Performing stress testing, scenario analysis, and sensitivity testing to assess market and policyholder risks Partnering with investments and hedging teams to support risk mitigation and asset-liability management (ALM) strategies Providing input and recommendations throughout the product development and approval lifecycle Developing tools, analytics, and processes to improve modeling efficiency and decision-making Communicating complex actuarial and financial insights to senior leadership and non-technical stakeholders Leading and mentoring actuarial and quantitative team members, fostering technical development and strong collaboration

Requirements

Bachelor's degree in actuarial science, mathematics, statistics, financial engineering, or a related field
ASA required; FSA strongly preferred
8+ years of experience in actuarial, risk management, or annuity-related roles
Strong expertise in annuity products, particularly VA, RILA, and/or FIA
Experience with actuarial modeling platforms (e.g., AXIS preferred or similar tools)
Proficiency in programming and data analysis (e.g., Python, C++, MATLAB, or similar)
Strong understanding of financial markets and their impact on annuity products
Proven ability to manage multiple priorities in a fast-paced environment
Excellent communication skills with the ability to convey complex concepts clearly

Nice To Haves

Experience with hedging strategies, derivatives, and capital markets as applied to annuity guarantees
Knowledge of regulatory and capital frameworks (e.g., statutory valuation, VM-21, CTE metrics)
Experience working with large datasets and databases (e.g., SQL)
Prior experience leading or managing teams

Responsibilities

Playing a key role in pricing and risk oversight for VA and RILA products, including model development, assumption setting, and profitability analysis
Providing leadership in the design, development, and governance of actuarial and financial models used in pricing and risk management
Performing stress testing, scenario analysis, and sensitivity testing to assess market and policyholder risks
Partnering with investments and hedging teams to support risk mitigation and asset-liability management (ALM) strategies
Providing input and recommendations throughout the product development and approval lifecycle
Developing tools, analytics, and processes to improve modeling efficiency and decision-making
Communicating complex actuarial and financial insights to senior leadership and non-technical stakeholders
Leading and mentoring actuarial and quantitative team members, fostering technical development and strong collaboration

Benefits

Competitive pay: Fair compensation for your hard work.
Healthcare coverage: Comprehensive medical, dental, and vision from day one.
Life insurance: Company-paid coverage for you and your loved ones.
401(k) plan: Matching contributions to help secure your financial future.
Family support: Paid parental leave and reimbursement for adoption and surrogacy expenses.
Work-life balance: Flexible time-off policy to recharge and pursue passions.
Dress for your day: Express your style comfortably at work.
Inclusion and Culture: A respectful environment that values unique contributions.
Flexible work options: Remote, hybrid, and onsite opportunities at various locations across the U.S. for better work-life integration.
Well-being focus: Programs to support a healthy balance between work and home life.
Community connections: Build strong relationships through virtual and in-person interactions, with resources for your growth.