What are the responsibilities and job description for the Pricing Actuary – PRT position at Oliver James?
Actuary – Pension Risk Transfer (PRT) Pricing
Overview
A leading life insurer is seeking an Actuary to join its Pension Risk Transfer (PRT) Pricing team. This role offers a blend of team leadership and hands-on technical work, supporting a growing institutional business focused on delivering competitive and well-governed pricing solutions.
Key Responsibilities
Overview
A leading life insurer is seeking an Actuary to join its Pension Risk Transfer (PRT) Pricing team. This role offers a blend of team leadership and hands-on technical work, supporting a growing institutional business focused on delivering competitive and well-governed pricing solutions.
Key Responsibilities
- Lead and develop a team of actuaries supporting PRT pricing and reinsurance initiatives, fostering a high-performance and collaborative environment
- Oversee day-to-day pricing execution for U.S. PRT transactions, ensuring strong actuarial rigor, governance, and competitive positioning
- Support pricing and analysis related to both affiliate and third-party reinsurance, contributing to strategies that balance growth and profitability
- Serve as a key actuarial partner across investments, ALM, risk, and modeling teams to support assumption setting, experience analysis, and pricing execution
- Contribute to broader actuarial initiatives including product development, reserve modeling, capital optimization, and ALM strategy
- Support pricing and ongoing actuarial work across institutional and fixed annuity products
- Build strong cross-functional relationships and contribute to special projects as needed
- Bachelor’s degree with 8 years of actuarial experience
- Fellow of the Society of Actuaries (FSA) or equivalent credential (e.g., Enrolled Actuary)
- Strong understanding of actuarial standards, regulatory frameworks, and professional guidelines
- Technical expertise in modeling, with knowledge of ALM, capital, and risk frameworks
- Demonstrated leadership experience with the ability to balance people management and individual contributions
- Experience in pension risk transfer or institutional annuity pricing preferred
- Opportunity to play a key role in a growing PRT business
- High visibility across actuarial, investment, and risk functions
- Blend of leadership and hands-on technical work
- Exposure to strategic initiatives impacting capital, product, and reinsurance decisions