What are the responsibilities and job description for the AVP, Annuity Risk Management and Pricing position at Constellation?
The AVP, Annuity Risk Management & Pricing plays a key leadership role in overseeing the risk and pricing strategy for the company's annuity product portfolio, with a focus on Variable Annuities (VA) and Registered Index-Linked Annuities (RILA).
Your role and impact
Here's a glimpse of your responsibilities and the meaningful impact you'll create as the AVP, Annuity Risk Management & Pricing:
- Playing a key role in pricing and risk oversight for VA and RILA products, including model development, assumption setting, and profitability analysis
- Providing leadership in the design, development, and governance of actuarial and financial models used in pricing and risk management
- Performing stress testing, scenario analysis, and sensitivity testing to assess market and policyholder risks
- Partnering with investments and hedging teams to support risk mitigation and asset-liability management (ALM) strategies
- Providing input and recommendations throughout the product development and approval lifecycle
- Developing tools, analytics, and processes to improve modeling efficiency and decision-making
- Communicating complex actuarial and financial insights to senior leadership and non-technical stakeholders
- Leading and mentoring actuarial and quantitative team members, fostering technical development and strong collaboration
What's in it for you
- Competitive pay: Fair compensation for your hard work.
- Healthcare coverage: Comprehensive medical, dental, and vision from day one.
- Life insurance: Company-paid coverage for you and your loved ones.
- 401(k) plan: Matching contributions to help secure your financial future.
- Family support: Paid parental leave and reimbursement for adoption and surrogacy expenses.
- Work-life balance: Flexible time-off policy to recharge and pursue passions.
- Dress for your day: Express your style comfortably at work.
- Inclusion and Culture: A respectful environment that values unique contributions.
- Flexible work options: Remote, hybrid, and onsite opportunities at various locations across the U.S. for better work-life integration.
- Well-being focus: Programs to support a healthy balance between work and home life.
- Community connections: Build strong relationships through virtual and in-person interactions, with resources for your growth.
Qualifications:
What sets you up for success
- Bachelor's degree in actuarial science, mathematics, statistics, financial engineering, or a related field
- ASA required; FSA strongly preferred
- 8 years of experience in actuarial, risk management, or annuity-related roles
- Strong expertise in annuity products, particularly VA, RILA, and/or FIA
- Experience with actuarial modeling platforms (e.g., AXIS preferred or similar tools)
- Proficiency in programming and data analysis (e.g., Python, C , MATLAB, or similar)
- Strong understanding of financial markets and their impact on annuity products
- Proven ability to manage multiple priorities in a fast-paced environment
- Excellent communication skills with the ability to convey complex concepts clearly
Preferred
- Experience with hedging strategies, derivatives, and capital markets as applied to annuity guarantees
- Knowledge of regulatory and capital frameworks (e.g., statutory valuation, VM-21, CTE metrics)
- Experience working with large datasets and databases (e.g., SQL)
- Prior experience leading or managing teams