Life Insurance Pricing Actuary ASA or FSA

Fully remote, 6–12 month consulting (temp) opportunity, 40 hours per week, supporting our clients Life Actuarial team. You will help cover core pricing/product responsibilities while the team manages multiple concurrent initiatives (including a new policy administration system implementation/testing, product launches, LTDI work, and preparation for P ), with a focus on Medicare Supplement filings, accelerated underwriting work, and business case development for UL and annuities.

Leads technical, analytical and advanced research activities for a variety of department functions, including pricing, product development, valuation, capital management and analysis, financial reporting, reinsurance, and financial planning and analysis. Mentors other actuarial analysts and associate actuaries in the department. Assists with overseeing staff as required.

• Leads advanced pricing and competitive studies and analyzes the results for ERIE Family Life's products. Maintains a thorough knowledge of ERIE Family Life's products, their uses in the marketplace, and actuarial aspects of their development and administration.

• Analyzes products under consideration. Develops models for evaluating new products or modifying existing products. Presents and makes recommendations for improving the profitability and/or competitiveness of products.

• Prepares and analyzes periodic financial reports required of the department and presents the related findings to senior management. Calculates policy reserves and related actuarial items in compliance with applicable guidance (FASB, SEC, and NAIC) under generally accepted accounting principles (GAAP), statutory and tax requirements.

• Directs complex financial planning and analysis activities including monthly dashboard reporting, analysis of actual results to plan, AM Best reporting and preparations, and preparing the plan for future periods.

• Runs complex projections using models for a variety of purposes, including cash flow testing (under direction of the Appointed Actuary), illustration testing (under direction of the Illustration Actuary), product profitability testing and corporate financial modeling. Directs the maintenance of actuarial models and modeling software for the department. Ensures new products are integrated in the corporate model.

• Develops computer applications and reports needed to perform company experience studies of mortality, persistency, expenses and other factors for pricing and other testing. Monitors experience and makes recommendations as needed.

• Develops, modifies and maintains computer applications to automate routine operations and special projects of the department. Develops and maintains systems to compute premium, reserve, non-forfeiture, settlement option, and other policy-related values for administrative and illustration systems.

• Develops actuarial memoranda and other related material and assists in preparing and proofreading policy forms for submission to the various state insurance departments. Implements procedures to ensure compliance with actuarial regulations and guidelines.

• Leads capital analysis functions including development of advanced economic capital regimes and their use in financial management and product development.

• Assists in the administration and analysis of reinsurance treaties. Analyzes potential new treaties and their impact on projected profitability. Reviews and comments on treaty language under negotiation.

• Remains current on actuarial and industry trends, complex regulations, guidelines, principles, techniques, procedures, and systems. Participates in Society of Actuaries, American Council of Life Insurance, and other…