Pricing & Product Actuary

Location: Rosemont, IL or Cedar Rapids, IA
Salary: tbd
Level: FSA or ASA Level considered
Published: September 10, 2020

The Role

The Pricing Actuary will serve as the product expert to internal and external clients. The role will partner with internal stakeholders to develop company’s product strategy.  Life and Annuity Product Development experience is required.

Duties and Responsibilities

  • Manage rate setting and other non-guaranteed elements (NGE) process; perform analysis to support business decisions, coordinate signoff, and monitor implementation
  • Monitor emerging product experience, manage actuarial assumptions and identifying any new risks
  • Coordinate and lead cross-functional initiatives related to product development and reporting
  • Assist with Life and/or Annuity product illustrations; provide support on exemptions and escalated requests
  • Develop relationships with internal and external distribution (sales)
  • Responsible for designing new products
  • Reinsurance: developing RFP for risk sharing, analysis of existing and potential treaties, developing relationships with counterparts at reinsurers
  • Support filing of new products
  • Ensure products are built appropriately in administration system and validating test cases
  • Serve as SME to actuarial data warehouse development, operations, IT, customer support and other functions
  • Provide actuarial support to Platform for hedging programs; provide actuarial elements of the financial plan
  • Support Actuarial department beyond product development scope: resource planning, junior staff development, and recruiting
  • SME related to product tax issues and compliance
  • SME related to technical development: Proprietary modeling software and in-house developed data ETL, processing, and analysis

ASA Designated candidates will also be considered. Job responsibilities will be refined for the level of experience.



Your Experience

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or related fields
  • FSA, MAAA required
  • Minimum 10 years of life insurance experience in various actuarial fields such as product development/pricing, actuarial modeling, valuation, financial reporting, and systems
  • In-depth knowledge of one or more Actuarial software applications – Axis knowledge a priority.
  • Knowledge of filing requirements for insurance products

Your Skills

  • Understanding and up-to-date knowledge of Life and Annuity products and product management
  • Financial modeling, financial analysis, and working knowledge of accounting standards
  • Critical thinking and sound judgement
  • Excellent written and oral communication skills
  • Demonstrated ability to work effectively with and lead cross-functional teams
  • Experience mentoring and developing staff
  • High level of technical and programming competency

About Lincoln Benefit Life

Lincoln Benefit Life is a specialist U.S. life insurance company. Our mission is to build a substantial, diversified and lasting life insurance company. Our focus is providing excellent policyholder service and delivering sustainable financial results within a well-controlled risk framework.

Lincoln Benefit Life, based in Lincoln, Nebraska, is a long-standing leader in the financial services industry. Founded in 1938, LBL built its reputation on solid life insurance and annuity product offerings, backed by high standards of customer service.


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