Actuary, Pricing
HumanaSalary not specified
Actuarial Consultant - Annuity Pricing (Hybrid) at Securian Financial Group
St Paul, Minnesota, United States
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries
Requirements
- ASA designation, FSA preferred
- Minimum of 5 years of actuarial experience, including at least 3 years in annuity pricing or product development
- Strong background in indexed products such as RILA or FIA preferred
- Strong command of actuarial modeling software, preferably Prophet
- Proficiency in programming languages such as R, Python, or VBA is a plus
- Proven ability to manage multiple projects and deliver results under tight deadlines
- Excellent communication skills with the ability to explain complex actuarial concepts to non-technical stakeholders
- Understanding of appropriate balance between market competitive position, regulatory constraints, profitability, investment guidelines, and risk appetite
- Self-motivated and flexible; ability to work independently and as part of a team
Responsibilities
- Lead end-to-end pricing and profitability analysis for the Individual Annuity product line, including a wide array of fixed, variable, and indexed products
- Design and maintain actuarial models using Prophet
- Collaborate with product development, finance, valuation, risk management, and compliance teams to ensure alignment and feasibility of pricing assumptions and strategies
- Develop and document pricing assumptions based on experience studies, market research, and company benchmarks
- Perform sensitivity and scenario testing to assess pricing robustness under different economic conditions
- Ensure compliance with regulatory and accounting standards including Statutory, GAAP, and RBC frameworks
- Present pricing recommendations, strategies, and results to senior leadership
- Mentor and review the work of junior actuaries and analysts on the pricing team
- Monitor product performance post-launch and recommend repricing or modifications as needed
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the salary range for the Actuarial Consultant position?
The estimated base pay range is $84,000 to $155,000, and pay may vary based on job-related factors, experience, skills, and knowledge.
Is this a remote or hybrid role, and what are the office requirements?
This is a hybrid working arrangement where associates within commutable distance (90 minutes) join in the office 3 days each week to collaborate, with flexibility for business and personal schedules.
What qualifications and skills are required for this actuarial role?
Candidates need an ASA designation (FSA preferred), minimum 5 years of actuarial experience with at least 3 years in annuity pricing or product development, strong background in indexed products like RILA or FIA preferred, strong command of Prophet modeling software, and proficiency in R, Python, or VBA as a plus.
What is the company culture like at Securian Financial?
Securian Financial embraces hybrid work as an integral part of its culture, offering the benefits of both virtual and in-office work to support collaboration, relationship-building, and flexibility for business and personal schedules.
What makes a strong candidate for the Actuarial Consultant role?
A strong candidate has deep expertise in fixed, indexed, and variable annuities, excels in modeling with Prophet, risk assessment, cross-functional collaboration, excellent communication to explain complex concepts, and the ability to manage projects under tight deadlines while balancing market, regulatory, profitability, and risk factors.
Securian Financial Group
About Securian Financial Group
N/AHeadquarters
N/AYear Founded
N/ACompany Stage
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