Senior Actuarial Specialist, Product & Pricing

American Equity•Des Moines, IA

1d•Onsite

About The Position

The Senior Actuarial Specialist provides pricing support and analysis for new and existing products. Assist in the design and creation of pricing models and analysis as well as documentation of approach, results, and potential risks. Work with product development team to implement modeling approach into production models.

Requirements

Bachelor’s degree in actuarial science, finance, mathematics, statistics or other related field of study
Six (6) years of progressively responsible actuarial/financial analysis or related experience; or equivalent combination of education and/or experience is required
Knowledge of policy values and benefit calculations for Fixed Indexed Annuities, Registered Indexed-Linked Annuities, and/or Variable Annuities
Expert/advanced level of ability in Microsoft Excel required
Experience with MG-ALFA and/or Integrate
Strong systems aptitude
Effective verbal and written communication skills with ability to effectively present information and respond to questions
Advanced mathematical skills and strong attention to detail
Ability to work cooperatively and successfully with employees, customers, and other outside third parties
Strong organizational and planning skills
Ability to read, analyze, and interpret general business periodicals, professional journals and technical/operational procedures
Strong analytical and problem-solving skills with ability to define problems, collect data, establish facts, and draw valid conclusions on practical problems that deal with a variety of concrete variables in situations where only limited standardization exists
Ability to successfully adjust to changing priorities and meet deadlines in a fast-paced work environment

Nice To Haves

Support for SOA examination requirements offered for qualified candidates via company Actuarial Student Program

Responsibilities

Assist with feasibility analysis of new product ideas and existing product changes
Build pricing models using Integrate (formerly MG-ALFA), provide significant creativity and custom coding to assess a variety of unique products and product features
Assess the profitability and risks within the products through sensitivity testing, assumption review, and other approaches using an established framework
Creates documentation and communicate findings including profitability, modeling approach, and potential risks within new and existing annuity product concepts
Assist the Product & Pricing team with implementation of new designs in production models
Contributes to department-wide process improvement efforts, including training product team on company process improvement program tools and methodologies, identifying inefficiencies and developing and prioritizing corrective actions
Performs other related work as assigned