What are the responsibilities and job description for the Global Banking & Markets, Equity Derivatives Structuring, Product & Pricing Actu position at The Goldman Sachs Group?
Join a dynamic and rapidly expanding reinsurance platform where your work will have high visibility with senior leadership.
Our reinsurance business unit, despite part of the broad GS platform, remains nimble, offering the perfect environment for an experienced actuary to make a meaningful impact from day one.
About the Role:
Our client is seeking a talented Product & Pricing Actuary with deep expertise-especially in Fixed Indexed Annuities (FIA)-to help drive product innovation and pricing strategy. You'll play a central role in developing and refining reinsurance solutions, pricing models, leading product initiatives, and ensuring our offerings is competitive and sustainable.
Key Responsibilities:
- Design new FIA products and enhance existing offerings
- Lead the Design Team for the FIA product line, managing updates from concept to rollout
- Conduct in-depth actuarial analysis to support pricing and profitability
- Develop and maintain product specifications for the quantitative and IT teams. Establish model control processes to govern assumption updates, model improvements, etc.
- Exceptional skills in collaboration, problem-solving, and driving innovative solutions.
Qualifications:
- ASA or FSA designation (Associate or Fellow of the Society of Actuaries)
- Minimum 5 years of experience in annuity product development/pricing
- Strong working knowledge of FIA products. Solid experience with life and/or annuity products and related actuarial functions (valuation, CFT, pricing, etc.). US-specific experience (Stat and/or GAAP) preferred. Experience with reinsurance is a plus.
- Proficiency in one modelling software (AXIS, MG Alfa, Prophet ...)
- Exceptional skills in collaboration, problem-solving, and driving innovative solutions.
- Strong interpersonal, negotiation, presentation, and facilitation abilities. Translate complex actuarial concepts into clear, concise communication for non-actuarial audiences, both in writing and verbally.
If you're a results-driven actuary ready to thrive in a collaborative, fast-paced environment, we'd love to hear from you. This is your chance to join a high-growth initiative at Goldman Sachs and become a key contributor to its success.
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Salary Range
The expected base salary for this New York, New York, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available
to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.
The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
Salary : $150,000 - $225,000
