Sr. Associate Actuary, Pricing

Aspida Financial Services LLC•Durham, NC

7d•Hybrid

About The Position

As a Senior Associate Actuary reporting to the AVP of Pricing Development, you’ll play a pivotal role in pricing competitive retirement solutions for a fast-growing, tech-forward insurer. You’ll contribute to key initiatives that impact company financials, while enjoying the flexibility to innovate—streamlining and automating processes to boost team efficiency and accelerate results. This role reports to the AVP of Pricing Development and is required to be onsite 3 days a week at our Durham, NC office.

Requirements

ASA designation, working toward FSA.
5+ years actuarial experience including work with fixed and/or buffered annuity products.
Significant experience with AXIS.
Working knowledge of at least one of LDTI or VM-21/VM-22.
Strong analytical and communication skills—able to find and explain root causes for observed financial results.
Curiosity, ownership, and bias for action consistent with Aspida’s culture—Get $#!+ Done, Do It with Moxie, Have Fun.

Nice To Haves

Those with more or less experience than listed or meeting most of the requirements are encouraged to apply. Title will be commensurate with experience.
Skills in R/Python/SQL/AI processes for data manipulation and automation.
Familiarity with all of LDTI, VM-22, and AG33.
Working knowledge of hedging strategies.

Responsibilities

Research, model, and price new products to ensure competitiveness and profitability. This may include ad hoc feasibility assessments requiring significant actuarial judgment as well as participation in the product development process.
Implement and test new models and analyze results, to ensure compliance with the evolving regulatory landscape:
Review, test, refine, and integrate LDTI models provided by consultants; analyze GAAP income patterns and recommend updates to adjusted earnings definition.
Develop VM-22 models for existing MYGA and FIA products; assess impact of regulatory changes on reserves and profitability, and work with manager to recommend adoption timeline.
Model reinsurance contracts to support strategic efforts.
Automate pricing processes for new products and work with team to integrate automation into ongoing workflows.
Collaborate with your manager to build and execute plan for integrating AI into pricing processes to enhance speed, accuracy, and insight.