What are the responsibilities and job description for the Actuarial Senior Manager position at Securian Financial Group?
Position Overview
The Actuarial Sr. Manager is responsible for leading Individual Annuity product development, making critical decisions on product selection and prioritization, recommending annuity product strategy to create and maintain competitively relevant products, and developing talent.
Key Responsibilities:
Talent and Relationship Management:
Qualifications:
The Actuarial Sr. Manager is responsible for leading Individual Annuity product development, making critical decisions on product selection and prioritization, recommending annuity product strategy to create and maintain competitively relevant products, and developing talent.
Key Responsibilities:
- Recommend annuity product development strategy. Develop tactics around our individual life product offerings.
- Empower the team to create and maintain competitively relevant products that assist customers in achieving financial planning and protection goals while balancing Securian's risk management and capacity, short- and long-term earnings, sales and distribution needs, and inforce business.
- Lead pricing initiatives and set rates, collaborating with both distribution and risk and finance to ensure sales and earnings goals are achieved.
- Develop and leverage internal and external relationships necessary to understand the individual annuity competitive landscape, successfully launch and service products, and compete and win.
Talent and Relationship Management:
- Lead a team of actuaries to support the outcomes of the annuity line.
- Develop and coach talent, setting expectations for results the team will drive, coaching for effectiveness and creating a culture of collaboration, teamwork, creativity, and empowerment.
- Establish and maintain strong relationships with external partners. Represent Securian externally through active involvement in ACLI, NAIC, LIMRA and regulatory bodies to advocate for important issues influencing annuities and Securian's competitive position.
- Build relationships and collaborate with teams across the organization in order to partner on product development initiatives.
Qualifications:
- Fellowship in the Society of Actuaries (FSA) preferred, Associate of the Society of Actuaries (ASA) preferred.
- Member of the American Academy of Actuaries.
- 10 years of annuity product development experience, including how annuity products are sold and deep understanding of the needs of the customer and distribution partners preferred.
- 5-10 years talent development experience.
- Strong interpersonal and collaboration skills to interact with wide variety of people that is demanded by the job.
- Understanding and collaboration with distribution partners, including BDs, FIs, IMOs, etc. preferred.
