Director & Product Support Actuary, Pricing

Company Description

Insurance

Support Product Support Leader for both New Product Implementation (NPI) and In Force Initiatives. Develop relationships with IT, Testing, Legal, Pricing, and Operations. Become point of contact for actuarial support of systems testing and contract writing.

Responsibilities include:

• Support New Product Implementation – Life and Linked Benefit Products
• Understand the test tools used to validate new products for both Cyberlife and Winflex
• Develop expertise in APL programming
• Understand product mechanics and the specific requirements for each NPI
• Make updates to the tools and develop new tools
• Document tools and change control
• Maintain and enhance internal controls
• Work in parallel with lead Pricing Actuary to provide smooth transition of product requirements and tools to IT, Testing and Operations
• Consult with IT and Operations on product functionality and calculations
• Provide support during contract writing for new products
• Provide support writing technical specifications for new products

Provide actuarial support for in force Life and Linked Benefit products, including:

• Become an expert with in force products
• Understand how in force functionality works on currently issued products
• Gain in-depth understanding of existing tools that are being used to support the need for in-force illustrations, annual reports, endorsements, and new product testing
• Maintain existing tools
• Develop new tools
• Conduct testing for compliance with Illustration Actuary regulation
• Provide backup and reviewing as needed for Actuarial Calculation Specialists for Policyholder Services requests

BASIC QUALIFICATIONS include:

• B.A. Degree in Mathematics, Statistics and/or related major including Mathematical knowledge, skills and abilities
• FSA/ Near FSA
• Must be willing to travel between Lynchburg and Richmond sites
• Strong communication skills, both oral and written
• At least 2 years recent experience with life insurance products, preferably Universal Life
• Demonstrated skill in at least one programming language
• Willingness to learn APL programming and MS Excel programming
• Strong analytical and problem solving skills
• Strong project management and organizational skills

PREFERRED QUALIFICATIONS include:

• Experience designing workflows to enable products to be serviced more efficiently
• Life insurance pricing or operations experience
• Familiarity with Illustration Testing (ASoP #24)
• Experience with actuarial modeling software, such as MG-ALFA
• Exposure to APL programming

All your information will be kept confidential according to EEO guidelines.