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Life Assistant Actuary, Pricing / Modeling

  • Job type: Permanent
  • Location: Des Moines
  • Salary: $105000 - $145000 per annum
  • Job reference: dafdsfiasoiewrji
  • Sector: Actuarial, Insurance, Selby Jennings
  • Date posted: 13/07/2017


Assistant Actuary, Pricing / Modeling (3+ years)

My client has a great new opportunity for a Pre-ASA to ASA actuarial assistant with around 3+ years experience in the Life/Annuity Insurance industry. 

Responsibilities Include:

  • work with the Product Development team to develop detailed models and financial projections of new product offerings.


  • performing analysis and testing on newly developed products, and perform financial projections on partner reinsurance company proposed costs.


  • Maintenance and documentation of actuarial assumptions, pricing standards and models;


  • Tracking and reporting experience on actuarial assumptions to provide a validation to current pricing assumptions and emerging profitability trends on existing business;


  • Analyzing and critiquing client company pricing assumptions and methodologies;


  • Interacting with investment and risk managers to appropriately construct and implement investment portfolios for use in pricing;


  • Participating in negotiating and developing reinsurance contracts; and


 

 

Skills & Experience Required:

  • Bachelor’s degree or higher in Actuarial Science, Mathematics, Statistics, or related field (Master’s degree is preferred)
  • A minimum of 3 actuarial exam passes, or an Associate of the Society of Actuaries (ASA) and around 3 years of life Insurance experience
  • Actuarial projection and valuation software experience is essential with MG-Alfa knowledge preferred


  • Experience in product development and/or pricing of Annuities (ideally, fixed rate and indexed annuities)


  • programming skills in VBA, SQL will be an advantage


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