Senior Group Disability & Leave Actuary (Hybrid)
About The Position
Securian is building a new Group Disability & Leave product line. This position will create and own the actuarial pricing capability needed to support product development, market launch, and profitable growth. The Senior Group Disability & Leave Actuary will serve as Securian’s internal expert in disability pricing and own pricing assumptions, methods, tools, and governance. This individual will work closely with Product, Case Underwriting, Finance, other actuarial teams, and external consultants. The successful candidate will have deep knowledge of disability products, pricing, and financial drivers. The role requires strong ownership, strategic thinking, and the ability to communicate complex actuarial topics clearly. As the business grows, this position may have the opportunity to build and lead a Disability & Leave actuarial team.
Requirements
- Knowledge of Group Disability & Leave products (including: PFML, Statutory STD, Fully Insured STD, ASO STD, and LTD), with significant product pricing and rate filing experience.
- Experience developing actuarial assumptions, pricing methods, tools, and supporting analysis for Disability and Leave products.
- Experience working with the development and testing of Disability reserves.
- Experience connecting pricing with financial modeling, valuation, and financial results.
- Expertise with technical tools such as Prophet, R, Excel, or VBA.
- FSA and MAAA actuarial designations.
- Strong analytical and problem-solving skills, along with a willingness to partner with others to reach the best solution.
- Strong written, oral, and interpersonal communication skills, including the ability to interact effectively with management, actuaries, technology partners, and other Employee Benefits Solutions’ business areas.
- Curiosity and initiative to explore and work through ambiguous topics, with adaptability in a rapidly changing environment.
- Self-motivated and flexible, with the ability to work independently and as part of a team.
- Strong documentation and organizational skills and attention to detail.
Nice To Haves
- 10+ years of industry experience working with Disability products.
- Experience in the National/large case Group market.
- Experience building a new pricing capability or supporting a new product launch.
- Experience working with actuarial consultants or other external partners.
- Demonstrated experience in hiring, developing, and leading high-performing teams, with a strong ability to build a collaborative and accountable team culture.
Responsibilities
- Create and own the assumptions, methods, tools, documentation, and controls needed to price Group Disability & Leave products.
- Develop Disability experience rating tools, including the development of reserves and related assumptions required to evaluate case by case experience.
- Support development of new business pricing and renewal strategies.
- Lead actuarial support for product filings and regulatory responses, incorporating relevant industry developments.
- Partner with external consultants to build disability pricing expertise and capabilities.
- Provide actuarial consultation to Case Underwriting on plan design and pricing for complex or large cases.
- Develop and maintain quoting tools that support accurate, efficient case pricing.
- Monitor claims experience, identify emerging trends, and recommend changes to pricing assumptions or methods.
- Maintain industry connections and leverage results of key industry studies and surveys to provide insights.
- Use data and analytics to create actuarial insights.
- Lead quarterly analysis of Disability & Leave morbidity results, key drivers, and outlook.
- Support Goals and Plans projections.
- Translate actuarial and financial analysis into clear recommendations for business leaders.
Benefits
- Paid time off
- Leave programs (parental leave, caregiver leave for family members, bereavement and military leave)
- Nine company paid holidays
- Company-funded pension plan
- 401(k) retirement plan with company contribution up to 10 percent of eligible earnings
- Medical coverage
- Dental coverage
- Vision coverage
- Volunteer paid time off
- Dollar-for-dollar matching gift program
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
