Senior Actuary - Pricing bei A-CAP Services LLC
A-CAP Services LLC · Des Moines, Vereinigte Staaten Von Amerika · Onsite
- Senior
- Optionales Büro in Des Moines
JOB TITLE: Senior Actuary - Pricing
EMPLOYER: Sentinel Security Life Insurance
DEPARTMENT: Finance - Actuarial
REPORTS TO: Chief Actuary
LOCATION: Onsite in Des Moines, IA
ABOUT THE COMPANY
Since 1948, families have counted on Sentinel Security Life Insurance Company during their time of need. The Company was originally established to provide families a way of funding funeral expenses and burial costs. Through our final expense life insurance product, we have been honored to provide peace of mind to families for well over half a century. Today, Sentinel offers a strong senior market portfolio including Life and Annuity products. We continue to develop new products while improving existing products and services to better protect our customers. Sentinel has a long history of financial strength and stability that has afforded us the opportunity to invest wisely in the growth of our company. Our strength lies not only in the quality of our insurance products, but also the level of service we provide to our policyholders, agents, and shareholders.
ABOUT THE ROLE
Sentinel has an immediate opening for a self-motivated, resourceful, and well-organized candidate to join the team as a Senior Actuary with an initial focus on pricing, reinsurance, in-force management and product development of annuities and life insurance. This opening will have direct exposure to each of the group’s insurance operating companies as well as close interaction with the company’s management team. The individual will have the opportunity to participate in all aspects of the company’s actuarial functions and will work closely with leadership from the finance and insurance teams. This role offers scope for tremendous growth as A-CAP continues to grow and expand its business. This is a rare opportunity for an actuary to contribute to both new business and in-force functions within a high-growth insurance organization.
WHAT YOU WILL DO:
EMPLOYER: Sentinel Security Life Insurance
DEPARTMENT: Finance - Actuarial
REPORTS TO: Chief Actuary
LOCATION: Onsite in Des Moines, IA
ABOUT THE COMPANY
Since 1948, families have counted on Sentinel Security Life Insurance Company during their time of need. The Company was originally established to provide families a way of funding funeral expenses and burial costs. Through our final expense life insurance product, we have been honored to provide peace of mind to families for well over half a century. Today, Sentinel offers a strong senior market portfolio including Life and Annuity products. We continue to develop new products while improving existing products and services to better protect our customers. Sentinel has a long history of financial strength and stability that has afforded us the opportunity to invest wisely in the growth of our company. Our strength lies not only in the quality of our insurance products, but also the level of service we provide to our policyholders, agents, and shareholders.
ABOUT THE ROLE
Sentinel has an immediate opening for a self-motivated, resourceful, and well-organized candidate to join the team as a Senior Actuary with an initial focus on pricing, reinsurance, in-force management and product development of annuities and life insurance. This opening will have direct exposure to each of the group’s insurance operating companies as well as close interaction with the company’s management team. The individual will have the opportunity to participate in all aspects of the company’s actuarial functions and will work closely with leadership from the finance and insurance teams. This role offers scope for tremendous growth as A-CAP continues to grow and expand its business. This is a rare opportunity for an actuary to contribute to both new business and in-force functions within a high-growth insurance organization.
WHAT YOU WILL DO:
- Manage product pricing for both new & in-force products and new product development projects primarily for fixed annuities and the company’s pre-need and final expense life insurance products.
- Ensuring products are illustrated and administered correctly with testing of Illustration and administration systems
- Product Design, Implementation, and post issue monitoring including filings with State Insurance Departments.
- Analyzing new and existing reinsurance arrangements including pricing, relationship management, and administration
- Monitoring the competitive environment with a focus on Fixed Annuities.
- Price, maintain, and advise on modeling techniques (using GGY AXIS) and pricing profitability metrics to drive product decision-making. Setting pricing assumptions and analyzing capital usage of new products.
- Support subsidiary insurance companies’ core actuarial functions as needed (valuation, cash flow testing, pro-forma/business planning, risk management, etc.) with opportunities to rotate through various actuarial functions on a short-term basis.
- Other Actuarial projects as needed.
- Opportunity to work on high-profile projects with senior decision-makers that directly drive company growth; the role will have direct exposure to Senior Management including the Head of Life and Annuities, Head of Distribution, the Chief Actuary and the Chief Financial Officer.
- Work closely with marketing/sales, accounting, and IT/systems administration teams as well as other key stakeholders.
- Bachelor’s degree in finance, accounting, economics, actuarial science, or related field with 5+ years of actuarial experience.
- ASA/FSA designation.
- Expert proficiency with MS Office Suite and GGY AXIS. Tech-savvy is a plus.
- Experience with annuity products and relevant actuarial work (pricing, valuation, etc.).
- Strong organizational skills and ability to communicate complex concepts in a professional and concise manner, both verbally and written.
- Comfort with a steep learning curve and motivation to work in an opportunity-rich, dynamic environment.
- Experience with product development & reinsurance, particularly for fixed annuity products, preferred.
- Experience with pre-need and/or final expense life insurance products, preferred.
- US Statutory and/or GAAP financial reporting experience preferred.
