Vice President & Actuary, Product Management

Assurity•Lincoln, NE

8d•Hybrid

About The Position

Assurity is looking for enthusiastic, driven and collaborative people to join our team. We’re a company of vibrant and passionate people who work every day to advance our mission of helping people through difficult times – and who truly want to make a difference. As a Certified B Corporation, we have a verified commitment to our people, community and planet, and we work every day to make the world a better place. Ample opportunities for growth, a thriving culture and coworkers who care as much as you do are just the beginning. Come work with purpose. Learn more: www.assurity.com/careers [http://www.assurity.com/careers] This role leads a team of five actuarial associates and directs pricing and product management activities across Assurity's life, annuity, disability income and supplemental health product lines, spanning the individual and worksite distribution channels.

Requirements

12+ years of progressive actuarial experience, including significant experience in product pricing, product development, and actuarial leadership.
Demonstrated success teaching, coaching, and mentoring developing actuarial professionals.
Deep expertise in actuarial pricing, modeling, profitability analysis, experience monitoring, and product risk management.
Experience with modern actuarial pricing and modeling platforms, and familiarity with predictive analytics and data science tools and techniques.
Strong actuarial judgment and the ability to make sound decisions and recommendations in situations involving uncertainty or incomplete information.
Strong strategic and critical thinking skills with a pragmatic, bottom-line orientation and ability to translate complex analysis into clear management actions.
Strong understanding of the insurance industry, competitive landscape, and regulatory environment, preferably in life, disability, or supplemental health insurance.
Excellent executive communication, interpersonal, and partnership skills.
Leads with purpose and a commitment to develop people by positioning them where they can excel using their individual talents.
Thinks strategically about product innovation and competitive positioning while maintaining sharp focus on mission and profitability.
Drives results with precision, exactness, and attention to detail while remaining accountable for outcomes.
Recruits and develops a high-performing team while modeling care, positivity, and resilience under pressure.

Responsibilities

Contribute to product concept development and strategy, partnering with the product strategy leader, distribution and senior leadership on market opportunity and competitive positioning.
Establish actuarial pricing methodologies, assumptions, governance standards, and profitability expectations for product development and pricing.
Direct pricing models and actuarial analysis to evaluate product profitability and risk, including advancing modernization of actuarial pricing and modeling capabilities, use of predictive analytics and automation.
Translate approved product concepts into actuarial specifications, premium rates, and policy values necessary for implementation.
Provide clear actuarial conclusions to senior leadership regarding product design, pricing, profitability, and implementation decisions.
Establish and maintain a disciplined process for routine review of product experience and financial performance, with in-depth studies as necessary.
Evaluate actual-to-expected experience and emerging trends in mortality, morbidity, claims, lapse, utilization, expenses, and other key product assumptions.
Identify material deviations from expected product performance and determine appropriate management actions, including changes to pricing, product design, underwriting, reinsurance, or other product management levers.
Partner with Finance and other actuarial functions to evaluate and communicate the impact of product performance on Company financial results.
Serve as a trusted actuarial advisor to senior leadership on product-related financial, risk, and actuarial matters.
Represent Assurity on actuarial matters with regulators, industry organizations, reinsurers, distribution partners, and other key external stakeholders as appropriate.
Lead actuarial evaluation of reinsurance strategy, structure, and pricing in support of product profitability and risk management.
Ensure product actuarial work complies with applicable Actuarial Standards of Practice and Company governance standards.
Oversee department involvement in state rate and product filings, partnering with Compliance and Legal to ensure timely, accurate submissions.
Oversee review of marketing and sales materials for actuarial and regulatory compliance.
Prepare and deliver clear presentations on complex actuarial matters for senior leadership, the Board of Directors, and other audiences as appropriate.
Teach, coach and mentor actuarial associates to strengthen actuarial technical expertise, actuarial judgment, business acumen, decision making, and recommendation-oriented analysis.
Provide overall leadership, supervision, workload management, and appropriate delegation across the Product Management actuarial team.
Manage performance and conflict as needed while fostering collaboration, ownership, and continuous improvement.
Develop future actuarial leaders through progressive responsibility, professional development, and succession planning.
Ensure the Company’s illustration of non-guaranteed elements are in conformance with the applicable standard.
Certify the Company’s disciplined current scales used in illustrations are in conformance with the applicable standard.
Report to senior leadership and the Board of Directors on all such matters.