Director & Product Support Actuary, Life Pricing

Company Description

Insurance

Job Description

• Support Product Support Leader for both New Product Implementation (NPI) and In Force Initiatives. • Develop relationships with IT, Testing, Legal, Pricing, and Operations. Become point of contact for actuarial support of systems testing and contract writing. • Support New Product Implementation – Life and Linked Benefit Products o Understand the test tools used to validate new products for both Cyberlife and Winflex. - Develop expertise in APL programming - Understand product mechanics and the specific requirements for each NPI - Make updates to the tools and develop new tools - Document tools and change control. - Maintain and enhance internal controls. o Work in parallel with lead Pricing Actuary to provide smooth transition of product requirements and tools to IT, Testing and Operations. o Consult with IT and Operations on product functionality and calculations. o Provide support during contract writing for new products. o Provide support writing technical specifications for new products. • Provide actuarial support for in force Life and Linked Benefit products. o Become an expert with in force products. Understand how in force functionality works on currently issued products. o Gain in-depth understanding of existing tools that are being used to support the need for in-force illustrations, annual reports, endorsements, and new product testing. o Maintain existing tools o Develop new tools o Conduct testing for compliance with Illustration Actuary regulation o Provide backup and reviewing as needed for Actuarial Calculation Specialists for Policyholder Services requests.

Qualifications

BASIC QUALIFICATIONS • B.A. Degree in Mathematics, Statistics and/or related major including Mathematical knowledge, skills and abilities • FSA/ Near FSA • Must be willing to travel between Lynchburg and Richmond sites • Strong communication skills, both oral and written • At least 2 years recent experience with life insurance products, preferably Universal Life • Demonstrated skill in at least one programming language. Willingness to learn APL programming and MS Excel programming • Strong analytical and problem solving skills. • Strong project management and organizational skills.

PREFERRED QUALIFICATIONS • Experience designing workflows to enable products to be serviced more efficiently. • Life insurance pricing or operations experience • Familiarity with Illustration Testing (ASoP #24) • Experience with actuarial modeling software, such as MG-ALFA. • Exposure to APL programming.

Additional Information