What are the responsibilities and job description for the Pension Risk Transfer Pricing - Associate Actuary I position at Jobs via Dice?
Are you resourceful and motivated with an entrepreneurial mindset? Are you able to manage multiple tasks and thrive when dealing with ambiguity? We are looking for an Associate Actuary I to demonstrate sufficient progress in understanding and applying basic actuarial principals, to join our Pension Risk Transfer Pricing team. This position is located at our downtown office in Houston, TX.
In this role you will help scale the company's PRT product after a market-leading launch. You will contribute to the pricing strategy of the business to ensure continued success and achievement of sales and profitability targets.
Responsibilities include improving the processes used to perform and communicate complex actuarial analyses such as actuarial exhibits, pricing, reserving, financial planning, modeling, data analyses, and other tasks as assigned.
What you'll do:
Job titles may span multiple career levels. Base pay is determined by a variety of factors, including training, transferable skills, relevant experience, business needs, and market conditions. Compensation is subject to change and may be modified in the future.
This job posting outlines the general nature and level of work for this role and is not intended to be a comprehensive list of duties, responsibilities, or qualifications. We are committed to building a diverse and inclusive workplace, and we encourage candidates to apply even if their experience does not perfectly align with every qualification- you may be a strong fit for this role or other opportunities at American National.
American National offers a comprehensive benefits package supporting employees' health, financial security, and well?being, including multiple medical plan options, dental and vision coverage, basic life insurance, and health savings accounts. Employees are automatically enrolled in a company?funded 401(k) plan, receive paid time off and holidays, and work in an inclusive, people?first culture that values flexibility, work?life balance, professional growth, and a casual dress environment.
American National is a financially strong and stable insurance organization with a legacy of trust and impact dating back to 1905. We're committed to supporting our employees as they build meaningful careers while helping protect what matters most to our customers and communities. Guided by our core values- Financial Strength, Integrity, Respect, Service, and Teamwork (FIRST)- we foster a collaborative, people?centered workplace where individuals are encouraged to grow, contribute, and make a difference today and for the future. Learn more about our company, by following us on social media: LinkedIn , Facebook , Instagram .
Hiring Practices
American National's recruitment policies help us place individuals in a timely and efficient manner, and only the most qualified candidates will be contacted by our recruiting team. Candidates may check the status of their application by logging into their account.
While candidates may choose to use artificial intelligence (AI) tools for personal interview preparation, the use of AI or automated tools is not permitted during any live or recorded interview, assessment, or at any stage of the application process where original candidate responses are required. Candidates are expected to represent their own qualifications, skills, and experiences throughout the hiring process. American National does not accept unsolicited resumes or candidate submissions from third?party recruitment agencies without a valid, signed agreement in place, and no fees will be paid for unauthorized submissions. Additionally, American National's ability to sponsor employment?based immigration authorization is limited and available only for certain positions based on business needs and role requirements.
American National is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information or any other legally protected categories. American National is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities.
In this role you will help scale the company's PRT product after a market-leading launch. You will contribute to the pricing strategy of the business to ensure continued success and achievement of sales and profitability targets.
Responsibilities include improving the processes used to perform and communicate complex actuarial analyses such as actuarial exhibits, pricing, reserving, financial planning, modeling, data analyses, and other tasks as assigned.
What you'll do:
- Prepare and/or review Group Annuity Quotes with minimal guidance
- Analyze data and longevity risk for bids and related analysis to refine the company's longevity underwriting and support valuation
- Support risk assessment with analysis of sensitivities and stress tests
- Analyze annuitant behavioral experience to support ongoing refinement of liability models
- Stays updated on evolving standards that impact the business including LDTI, PBR, and government regulation
- Completes processes and improves methods for performing and documenting actuarial analyses promptly and accurately
- A portion of the role's responsibilities (approximately 25%-50%, depending on the time of year) will support the retail annuity pricing team:
- Own retail annuity rate setting process for structured settlement and reinsurance products.
- Work on cross functional projects between retail annuity and PRT pricing teams.
- A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
- Knowledge of Group Annuities and/or Pensions
- Strong verbal and written communication skills
- Associate of the Society of Actuaries (ASA) attainment
- Five or more years of actuarial analysis
- Experience in Pension Risk Transfer
- GGY Axis experience
- Python experience
Job titles may span multiple career levels. Base pay is determined by a variety of factors, including training, transferable skills, relevant experience, business needs, and market conditions. Compensation is subject to change and may be modified in the future.
This job posting outlines the general nature and level of work for this role and is not intended to be a comprehensive list of duties, responsibilities, or qualifications. We are committed to building a diverse and inclusive workplace, and we encourage candidates to apply even if their experience does not perfectly align with every qualification- you may be a strong fit for this role or other opportunities at American National.
American National offers a comprehensive benefits package supporting employees' health, financial security, and well?being, including multiple medical plan options, dental and vision coverage, basic life insurance, and health savings accounts. Employees are automatically enrolled in a company?funded 401(k) plan, receive paid time off and holidays, and work in an inclusive, people?first culture that values flexibility, work?life balance, professional growth, and a casual dress environment.
American National is a financially strong and stable insurance organization with a legacy of trust and impact dating back to 1905. We're committed to supporting our employees as they build meaningful careers while helping protect what matters most to our customers and communities. Guided by our core values- Financial Strength, Integrity, Respect, Service, and Teamwork (FIRST)- we foster a collaborative, people?centered workplace where individuals are encouraged to grow, contribute, and make a difference today and for the future. Learn more about our company, by following us on social media: LinkedIn , Facebook , Instagram .
Hiring Practices
American National's recruitment policies help us place individuals in a timely and efficient manner, and only the most qualified candidates will be contacted by our recruiting team. Candidates may check the status of their application by logging into their account.
While candidates may choose to use artificial intelligence (AI) tools for personal interview preparation, the use of AI or automated tools is not permitted during any live or recorded interview, assessment, or at any stage of the application process where original candidate responses are required. Candidates are expected to represent their own qualifications, skills, and experiences throughout the hiring process. American National does not accept unsolicited resumes or candidate submissions from third?party recruitment agencies without a valid, signed agreement in place, and no fees will be paid for unauthorized submissions. Additionally, American National's ability to sponsor employment?based immigration authorization is limited and available only for certain positions based on business needs and role requirements.
American National is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information or any other legally protected categories. American National is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities.