Job Description
Associate Actuary, PRT Pricing
Position: Associate Actuary, PRT Pricing
Job Description:
Our client is looking for an Associate Actuary II to demonstrate sufficient progress in understanding and applying basic actuarial principles, to join our Pension Risk Transfer Pricing team.
In this role, you will help scale our client's PRT product after a market-leading launch. You will contribute to the pricing strategy of the business to ensure continued success and achievement of sales and profitability targets.
Essential Duties and Responsibilities:
- Prepare and/or review Group Annuity Quotes with minimal guidance.
- Analyze data and longevity risk for bids and related analysis to refine the company’s longevity underwriting and support valuation.
- Support risk assessment with analysis of sensitivities and stress tests.
- Analyze annuitant behavioral experience to support the ongoing refinement of liability models.
- Stays updated on evolving standards that impact the business including LDTI, PBR, and government Regs.
- Completes processes and improves methods for performing and documenting actuarial analyses promptly and accurately.
- Improving the processes used to perform and communicate complex actuarial analyses such as actuarial exhibits, pricing, reserving, financial planning, modeling, data analyses, and other tasks as assigned.
Experience and Certifications Required:
- A bachelor’s degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required.
- Knowledge of Group Annuities and/or Pensions.
- Strong verbal and written communication skills.
- Associate of the Society of Actuaries (ASA) attainment.
- Five or more years of actuarial analysis.
- Experience in Pension Risk Transfer or Pensions.
- GGY Axis experience.
- Python experience.
Location
TX