What are the responsibilities and job description for the Director, Product Actuary position at Revol One Financial?
At Revol One Financial
Location: Remote, On-site in Urbandale, IA or Austin, TX
Company Introduction
At Revol One Financial® we offer a unique and exciting opportunity to be on the ground floor of a startup that will upend the industry by being a refreshingly straight forward insurance company. Do you like to make quick decisions? Influence projects and outcomes? Be empowered to make decisions? We work differently and have a collaborative, fun, casual culture with none of the entanglements and roadblocks of a typical corporate environment. As a Director, Product Actuary of Revol One Insurance, you will have the chance to mold & shape a critical area of Operations, work closely with leadership, work on numerous cross- function projects and wear multiple hats, all of which will be an excellent learning experience and provide opportunities for significant professional growth.
Revol One Mission & Core Values
Our Mission is to revolution how people feel, think and experience retirement solutions.
Our Core Values
Job Summary
The Director, Product Actuary is responsible for supporting the development of new annuity products and management of inforce annuity products. This position will support the Product Development Team with product ideation & design, pricing, contract filing, administration and illustration systems development, marketing support, and other technical support needed by Revol One to bring a new product to market. The role will also support re-pricing and rate-setting.
This position reports directly to the Head of Product Development and does not have direct reports.
Duties And Responsibilities
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Location: Remote, On-site in Urbandale, IA or Austin, TX
Company Introduction
At Revol One Financial® we offer a unique and exciting opportunity to be on the ground floor of a startup that will upend the industry by being a refreshingly straight forward insurance company. Do you like to make quick decisions? Influence projects and outcomes? Be empowered to make decisions? We work differently and have a collaborative, fun, casual culture with none of the entanglements and roadblocks of a typical corporate environment. As a Director, Product Actuary of Revol One Insurance, you will have the chance to mold & shape a critical area of Operations, work closely with leadership, work on numerous cross- function projects and wear multiple hats, all of which will be an excellent learning experience and provide opportunities for significant professional growth.
Revol One Mission & Core Values
Our Mission is to revolution how people feel, think and experience retirement solutions.
Our Core Values
- Lead with Trust & Integrity – We walk the talk. Living with integrity means our actions always match our words.
- Treat others with Respect & Humility – We value every individual. We respect and care for each fostering a supportive and empathetic workplace culture.
- Always be Genuine, Honest & Transparent – We know what we are and what we are not. We let honesty and transparency guide our decisions and actions, ensuring we stay true to who we are.
- Own Your Entrepreneurial Spirit – Everyone acts like an entrepreneur. We take initiative, own our actions, and drive innovation.
- Embrace Fun & Flexibility – Agility and positivity defines us. We embrace the fun in everything we do staying nimble and enthusiastic.
- We are One Revol One Financial – We Can, and we Will succeed together. We face challenges head on with determination and commitment, confident in our ability to succeed.
Job Summary
The Director, Product Actuary is responsible for supporting the development of new annuity products and management of inforce annuity products. This position will support the Product Development Team with product ideation & design, pricing, contract filing, administration and illustration systems development, marketing support, and other technical support needed by Revol One to bring a new product to market. The role will also support re-pricing and rate-setting.
This position reports directly to the Head of Product Development and does not have direct reports.
Duties And Responsibilities
- Responsible for supporting the development and pricing of new products through model development, configuration, testing, and analysis of results
- Support implementation and post launch product efforts including administration and illustration system calculations, testing plans, calculations for marketing materials, training internal teams on product specifics, etc.
- Build and maintain tools, processes, and structures to enhance team effectiveness
- Bachelor's degree in mathematics, actuarial science or related degree or equivalent experience
- Working towards FSA and MAAA certifications
- 5 years actuarial experience with progressively more responsibility with a concentration on Individual Annuities and/or Individual Life Insurance products
- Experience within an Actuarial product development function, financial reporting, or reinsurance function preferred
- Strong problem-solving skills that include advanced analytical and reasoning abilities
- Unconditional integrity and commitment to delivering accurate information on schedule
- Proactively identifies issues and works towards solutions
- Prioritizes execution and delivery in a fast-paced environment
- Curious and inquisitive with a desire to understand goals and decisions rather than simply take orders
- Perform other functions, duties, and projects as assigned
- No travel is required for this position
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