Product Actuary, Life & Annuity
About The Position
Bestow is seeking a Product Actuary, Life & Annuity (L&A) to join their Insurance Product Team. This role involves working across various departments including Software Product, Customer Experience, Data Science, User Experience, Actuarial, Legal/Compliance, Engineering, and Sales. The position focuses on reimagining illustration and policy administration capabilities, expanding full policy lifecycle support for complex life and annuity products. It's a hands-on role where the individual will be the go-to actuarial and calculation subject-matter expert, working directly with Engineering teams and building prototypes using AI tools. The role reports to the Senior Actuary and is open to Dallas, TX, or Remote (US).
Requirements
- 8+ years of life insurance industry experience; annuity experience is a strong plus
- 3-5 years of hands-on experience building pricing models or implementing illustration and policy administration systems at a carrier, vendor, or insurtech — working directly with the software, its real-world nuances, and its edge cases.
- Deep product knowledge of life and annuity insurance products such as IUL, VUL, FIA, and complex riders, including calculations and transactions built out in illustration and policy administration systems.
- A track record of connecting actuarial calculations to how they actually function in policy admin workflows — not just the math, but how it's used downstream.
- Actuarial background (ASA, FSA) is strongly preferred; candidates without formal credentials should have equivalent technical depth in life insurance product mathematics.
- Strong written communication skills, able to produce clear, precise documentation for technical and non-technical audiences.
- Comfortable building processes and making judgment calls from scratch in a fast-moving environment.
Nice To Haves
- Experience with agentic coding tools and workflows is a plus.
- Experience supporting policy migrations or legacy block conversions — reconciling data, validating legacy calculation logic, and testing source-to-target accuracy — is a strong plus.
Responsibilities
- Serve as the go-to subject-matter expert on the actuarial and calculation logic behind illustrations and policy administration, supporting a team building these capabilities from scratch.
- Translate life insurance and annuity product specifications into implementable system logic for illustration and policy administration systems (e.g. covering crediting mechanisms, rider mechanics / charges, benefit base calculations, surrender charge schedules, and other product features), working closely with Engineering.
- Use AI tools to rapidly prototype, code, and test calculation logic.
- Support policy migrations (bringing legacy, in-force blocks including products sold decades ago onto Bestow’s platform) — ensuring original calculation logic carries through accurately, in addition to new business product implementations.
- Validate that system behavior accurately reflects product intent, pressure-testing actuarial specs against implementation and resolving discrepancies.
- Support User Acceptance Testing for product implementations and platform enhancements, including structured review of system outputs against expected results.
- Produce clear documentation of product calculation methodologies, business rules, and implementation decisions.
- Partner with carrier and vendor implementation teams to support the onboarding of new products and features.
Benefits
- Competitive salary and equity based on role
- Policies and managers that support work/life balance, like our flexible paid time off and parental leave programs
- 100% paid-premium option for medical, dental, and vision insurance
- Lifestyle stipend to support your physical, emotional, and financial wellbeing
- Flexible work-from-home policy and open to remote
- Remote and WFH options, as well as a beautiful, state-of-the-art office in Dallas’ Deep Ellum, for those who prefer an office setting
- Employee-led diversity, equity, and inclusion initiatives
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
