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| |  Posted 8/12/2010 11:57:54 AM | |
| Supreme Being
Group: Administrators
Last Login: 1/29/2007 9:04:03 AM
Posts: 4,199, Visits: 95 |
| Position: Actuary
Company:Insurance Organization
Location: Connecticut
Job ID: 19925
RESPONSIBILITIES:
- Responsible for overall pricing process including but not limited to pricing workflow, pricing accuracy, communication of results, pricing documentation, etc.
- Determination of appropriate pricing assumptions and underwriting requirements for new and existing business.
- Evaluation of profitability and risk of new and existing products and product features.
- Creation and evaluation of pricing methodologies for new and existing business.
- Partner with other functional units to ensure pricing models are current and capture recent methodologies discussed within the company or actuarial community (i.e. reserving, DAC, etc.).
- Development of PARP (Product Approval and Review Process) for new and existing products.
- Assist with the development of Medium Term Plan and Value of New Business (VNB) assumptions.
- Review of VNB experience and identify trends which may need to be reflected in pricing.
- Understanding and mastery of new pricing metrics and how these metrics impact pricing decisions.
- Understanding of product initiatives and their impact, and communication of these results to Product management and Actuarial management.
- Recommendations on initiatives to improve profitability on new and existing business.
- Evaluate experience studies and recommend changes if warranted.
- Work with financial area to understand short and long term GAAP earnings implication of pricing decisions.
- Preparation of Actuarial memo and exhibits for state filings. (MAAA Required).
- Assist others within the Actuarial Department and other functional areas by developing programs and using actuarial or analytical skills to address business needs such as assisting Product Manager in responding to agent/client inquiries, preparing actuarial demonstrations for submissions to regulators and responding to regulator questions.
- Supervise and provide training and career advice to a staff of 2-4 employees consisting of actuarial students and non-students.
- Work closely with product specialists to generate creative solutions to accommodate unique customer requests.
- Responsive to ad hoc special project requests; participate in projects related to product management, product development/implementation.
- Coordinate, prepare and perform actuarial analyses to be used in actuarial recommendations and reporting for special projects.
QUALIFICATIONS:
- Our ideal candidate possesses actuarial and business knowledge of insurance products, pricing (annuity experience preferred) and risk management experience with strong communication, analytical and programming skills.
- Candidate must have 5+ years of diverse actuarial and business experience with at least 3 years of annuity pricing and product development experience.
- FSA required; bachelors degree or higher in mathematics, statistics, actuarial science or related field.
Online Application available at www.jobs4actuary.com
For further information, email info@nasearchg.com and mention Position #19925, or contact any of our recruiters at (905)-477-2962. |
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