Life Actuarial Pricing Manager

Full-time - Mid Level

Bloomington, IL

Insurance Carriers and Related Activities

About the position

As a Life Pricing Manager, you will lead a team to complete the product development process, from idea generation through modeling and policy form development and implementation. You will utilize your knowledge to consult and influence management towards courses of action that have impact on products/pricing, assumptions, modeling, profitability, underwriting, administration, reinsurance, and risk management. You will answer questions from stakeholders, such as internal/external auditors and agents. COUNTRY is a smaller size company, which means you will be exposed to broader product suites and involved in many aspects of the business. COUNTRY takes care of its employees and has a family-oriented culture.

Responsibilities

• Responsible for oversight and development of staff, including supervisory activities (e.g. performance evaluations, goal setting) as well as professional (technical, skill) and personal development.
• Oversees a specific actuarial function within the life/health/annuity actuarial division, including overseeing activities, planning and visioning of future activities, and communicating results/recommendations to division and company leadership.
• Ensures work is completed according to applicable regulation and actuarial standards of practice, including maintaining current SOA Continuing Professional Development requirements, as well as ensuring staff compliance.
• Manages the implementation and maintenance of disaster recovery plans and activities in assigned areas.
• Maintains current contact information for all employees in applicable areas and communicates with non-recovery employees during a disaster.
• Monitors the industry and profitability of our products to ensure we are offering a competitive suite of products that bring value to both clients and the company.
• Leads the product development process such that products are competitive, profitable and compliant with applicable laws.
• Provides insight to our executive team regarding needed product changes, etc.
• Collaborates with other areas such as valuation and underwriting to ensure alignment.
• Drives the development of newer actuaries to help bring bench strength to the division.

Requirements

• Rich experience working with Life and/or Annuity products.
• Strong technical and communication skills.
• Life pricing experience required.
• Typically requires 8+ years of relevant experience or a combination of related experience, education and training, including management experience.

Benefits

• Insurance benefits (medical, dental, vision, disability, and life)
• 401(k) with company match