Pension Risk Transfer Pricing - Associate Actuary I

American National • Houston, TX

1d • Onsite

About The Position

Are you resourceful and motivated with an entrepreneurial mindset? Are you able to manage multiple tasks and thrive when dealing with ambiguity? We are looking for an Associate Actuary I to demonstrate sufficient progress in understanding and applying basic actuarial principals, to join our Pension Risk Transfer Pricing team. This position is located at our downtown office in Houston, TX. In this role you will help scale the company’s PRT product after a market-leading launch. You will contribute to the pricing strategy of the business to ensure continued success and achievement of sales and profitability targets. Responsibilities include improving the processes used to perform and communicate complex actuarial analyses such as actuarial exhibits, pricing, reserving, financial planning, modeling, data analyses, and other tasks as assigned. What you'll do: Prepare and/or review Group Annuity Quotes with minimal guidance Analyze data and longevity risk for bids and related analysis to refine the company’s longevity underwriting and support valuation Support risk assessment with analysis of sensitivities and stress tests Analyze annuitant behavioral experience to support ongoing refinement of liability models Stays updated on evolving standards that impact the business including LDTI, PBR, and government regulation Completes processes and improves methods for performing and documenting actuarial analyses promptly and accurately A portion of the role’s responsibilities (approximately 25%–50%, depending on the time of year) will support the retail annuity pricing team: Own retail annuity rate setting process for structured settlement and reinsurance products. Work on cross functional projects between retail annuity and PRT pricing teams.

Requirements

• A bachelor’s degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
• Knowledge of Group Annuities and/or Pensions
• Strong verbal and written communication skills
• Associate of the Society of Actuaries (ASA) attainment
• Five or more years of actuarial analysis
• Experience in Pension Risk Transfer

Nice To Haves

• GGY Axis experience
• Python experience

Responsibilities

• Prepare and/or review Group Annuity Quotes with minimal guidance
• Analyze data and longevity risk for bids and related analysis to refine the company’s longevity underwriting and support valuation
• Support risk assessment with analysis of sensitivities and stress tests
• Analyze annuitant behavioral experience to support ongoing refinement of liability models
• Stays updated on evolving standards that impact the business including LDTI, PBR, and government regulation
• Completes processes and improves methods for performing and documenting actuarial analyses promptly and accurately
• Own retail annuity rate setting process for structured settlement and reinsurance products.
• Work on cross functional projects between retail annuity and PRT pricing teams.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees