Actuarial Analyst, Reserving – Professional Lines
AIG
PythonSQL
Actuarial Consultant – Annuity Pricing
Securian Financial
full-time
Posted on:
Location: 🇺🇸 United States
Visit company websiteSalary
💰 $84,000 - $155,000 per year
Job Level
Mid-LevelSenior
Tech Stack
PythonVBA
About the role
- Lead end-to-end pricing and profitability analysis for the Individual Annuity product line, including 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
- Play a critical part in developing competitive and profitable annuity products that align with Securian’s strategy, regulatory requirements, and evolving market demands
Requirements
- ASA designation required; 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 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
