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AVP, Annuity Pricing

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Foresters Financial Services, Inc.
Full Time position
Listed on 2026-07-19
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst, Actuary, Financial Analyst
Salary/Wage Range or Industry Benchmark: 180000 - 240000 USD Yearly USD 180000.00 240000.00 YEAR
Job Description & How to Apply Below

Role Overview

AVP, Annuity Pricing – responsible for leading the pricing, product development support, and profitability management of the company’s annuity product portfolio. This role provides strategic direction on pricing assumptions, product design, risk management, and capital optimization while ensuring alignment with corporate financial objectives and regulatory requirements. It also manages the relationship with reinsurers as it relates to annuities.

Key Responsibilities
  • Responsible for annuity pricing model validation, documentation, and model governance process
  • Ensure compliance with actuarial standards of practice and internal controls
  • Present pricing recommendations to senior leadership and product committees
  • Manage reinsurance RFPs and ensure compliance with the terms of the reinsurance treaty on an ongoing basis
  • Set best estimate assumptions for mortality, lapse, utilization, expenses, and investment returns
  • Assess capital impacts under statutory and RBC frameworks
  • Support asset–liability management and reinsurance optimization
  • Lead a team of pricing actuaries and analysts as the annuity business grows
Key Qualifications
  • Education (minimum required):
    Bachelor of Actuarial Science or Mathematics or equivalent
  • Experience (minimum required):
    Fellow of the Society of Actuaries (FSA), Chartered Enterprise Risk Analyst (CERA) designation
  • 10+ years of actuarial experience with significant experience in annuity pricing
  • Advanced proficiency in actuarial modeling tools (e.g. MG‑ALFA, AXIS, or similar)
  • Deep knowledge of fixed and fixed‑indexed annuity products
  • Familiarity with hedging programs for fixed‑indexed annuities
Benefits

In addition to base pay, eligible employees may participate in a discretionary variable incentive plan. Results are subject to both individual and company performance.

Equal Opportunity Employment and Inclusion

Foresters Financial is committed to sustaining an equal‑opportunity environment for all applicants. We embrace inclusion, diversity, and equity as core strategic objectives for building strong, innovative teams in which all employees can show up wholly and authentically as themselves.

Accessibility and Accommodation

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email  in advance of your appointment.

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