Actuary, RIS R&D & Strategy

Overview

We are seeking a proactive, innovative, data-driven, creative thinker who thrives in a dynamic environment and connects the dots across complex business processes. This position plays a key role to accelerate profitable business growth and optimize shareholder value across Retirement Income Solutions (RIS). Key projects may include modeling new regulatory frameworks and their impacts on RIS products, developing new pricing models for new product development initiatives, and working on capital management related initiatives. 

The role provides an opportunity to drive and execute these initiatives independently by working closely with various teams (including but not limited to reinsurance, treasury, risk, actuarial, finance, investments, legal, and operations). This is a highly visible role within the organization and can provide an excellent opportunity for career and knowledge growth while driving significant shareholder value.

Key Responsibilities

New & emerging regulatory frameworks – Analyze and assist in developing strategy for implementation of new regulatory frameworks (ex. Principle-based reserving (PBR)) for RIS products; Analyze current ALM, reinsurance and pricing strategies under new regulatory frameworks and partner with relevant teams to implement new frameworks into pricing models

Reinsurance strategy – Build financial models to help analyze different reinsurance strategies for RIS products utilizing affiliate and third-party reinsurance vehicles

New product development – Build Pricing models & early product assessments for new RIS growth markets, with a particular focus on longevity reinsurance, funded reinsurance, and retail annuity reinsurance

Stakeholder collaboration – Collaborate with Reinsurance, Treasury, Risk, Actuarial, Finance, Investment, and other relevant business functions to ensure timely completion of key initiatives; Conduct financial modeling and pricing analysis for the reinsurance and product development initiatives 

Qualifications

·         Bachelor's degree in actuarial science, math, statistics, economics, or related discipline

·         ASA with 5 years of insurance industry experience

·         Strong financial modeling, analytical, and problem-solving skills

·         Ability to operate effectively in a matrixed environment

Preferred:

·         Prior experience in innovation or launch of new products/markets

·         Experience in institutional products

·         Functional experience in R&D or ALM or Reinsurance