Actuary Director, Life Insurance Product Management

About The Role

The Director of Life Insurance Product Management is a strategic and operational leader responsible for end-to-end product lifecycle management across the company’s life and annuity portfolio. This role oversees product development, reinsurance strategy and execution, in force business management, and administration support functions to ensure competitive, financially sound, and operationally excellent offerings.

• Responsible for oversight and development of staff, including supervisory activities such as performance evaluations and goal setting, as well as professional and personal development.
• Oversees a specific actuarial function within the life/health/annuity actuarial division, including planning and visioning of future activities and communicating results to leadership.
• Ensures work is completed according to applicable regulation and actuarial standards of practice, maintains SOA Continuing Professional Development requirements, and ensures staff compliance.
• Manages the implementation and maintenance of disaster recovery plans and activities in assigned areas and maintains current contact information for all employees in applicable areas.

• Lead the development, enhancement, and launch of life and annuity products, ensuring alignment with corporate strategy, profitability targets, and market opportunity.
• Manage the current product suite and provide expertise and strategic oversight for legacy product lines.
• Partner with Marketing, Distribution, Finance, and Operations to bring products to market with actuarially sound pricing, compliant filings, and strong value propositions.

• Oversee all reinsurance relationships, negotiations, treaties, and treaty management.
• Evaluate and structure reinsurance placements to support capital efficiency, risk management, and product competitiveness.
• Collaborate with Finance and Risk departments to assess impacts of reinsurance on earnings, reserves, capital, and volatility.

• Own ongoing performance monitoring and profitability analysis.
• Lead initiatives to improve value of in-force business, including repricing, reinsurance optimization, and product management actions.
• Ensure governance around assumptions, pricing updates, product corrections, and regulatory compliance (e.g., AG 49, P , VM requirements).

• Partner with Operations, IT, and Customer Service to ensure robust administrative capabilities, system readiness, and product integrity throughout the policy lifecycle.
• Lead resolution of product or system issues impacting administration or customer experience.
• Support modernization initiatives, system conversions, and operational process improvements.

• Lead, mentor, and develop a team of actuaries, analysts, and product specialists.
• Foster a culture of innovation, accountability, and cross‑functional partnership.
• Represent the product organization in executive discussions, strategic planning, and governance forums.
• Communicate complex actuarial concepts to non‑technical stakeholders with clarity and business focus.

• FSA preferred; ASA with significant experience will be considered.
• 10+ years of experience in life insurance or annuity product management, actuarial pricing, or related areas.
• Direct experience with product development, reinsurance, and in‑force management strongly preferred.
• Strong understanding of regulatory and actuarial frameworks (P , VM‑20/21/22, AG‑49, STAT, RBC).
• Demonstrated leadership experience with cross‑functional teams or direct reports.
• Excellent communication, strategic thinking, and decision‑making skills.

$212,400-$292,050

In addition to base salary, this position is eligible for both a Short-Term Incentive plan and a Long-Term Incentive plan.

• Insurance benefits (medical, dental, vision, disability, and life)
• 401(k) with company match

COUNTRY Financial is committed to providing equal opportunity in all areas of employment, and in providing employees with a work environment free of discrimination and harassment. Employment decisions are made without regard to race, color, religion, age, gender, sexual orientation, veteran status, national origin, disability, or any other status protected by applicable laws or regulations.