Prosperity Life

Actuarial Manager, Annuity Pricing

Prosperity Life  •  Remote  •  3 months ago
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Job Description

Major Duties and Responsibilities:
• Manage weekly and monthly new-money and renewal rate-setting for MYGA/FIA products, including analysis of products’ profitability, economics, and marketing strategies
• Maintain and enhance pricing assumptions, methodologies, data and models analytics supporting profitability management and new product development
• Develop and maintain a centralized rate-setting database and corporate pricing model in collaboration with corporate actuarial partners, ensuring alignment with existing pricing processes
• Support new product development and implementation efforts, as well as ongoing enhancements to existing product offerings and profitability management practices
• Respond to regular and ad-hoc analytical requests related to product development, corporate strategy, financial planning, and assumption management

Job Qualifications
• Bachelor’s degree in mathematics, statistics, actuarial science, quantitative finance, or a related field
• FSA designation or near-FSA
• 5+ years of experience in annuity-related roles; pricing experience and/or market risk management experience strongly preferred
• Solid knowledge of MYGA and FIA products (including GLWB), accounting frameworks, investment strategies, and risk and profitability management practices
• Advanced proficiency with Microsoft Excel; experience with VBA, Python, SQL, or MG-Alfa preferred
• Strong problem-solving skills with the ability to navigate ambiguous issues and manage multiple competing priorities
• Effective communicator with the ability to explain complex technical concepts to non-technical stakeholders

This role is eligible for participation in the company’s Actuarial Development Program, which provides exam support towards Society of Actuaries designations.
Prosperity Life

About Prosperity Life

Prosperity Life Group knows that for a future to flourish, it needs to be nurtured, cared for and protected. Since 1916, we’ve helped individuals and their families by providing life insurance, asset accumulation and supplemental health products to help them achieve their goals—whatever they may be. Today we stand stronger than ever with more than 300,000 policies, all rooted in innovation, empathy and advice.

Together, we can let life flourish.

AM Best financial strength ratings:

• A- (Excellent) rating

• A- Long-term creditor rating

• 4th highest of 15 ratings

• Stable Outlook

Prosperity’s insurance operating subsidiaries also have a Kroll rating of A-.

Prosperity Life Group is a marketing name for Prosperity Group Holdings, LP and its subsidiaries. Life insurance, annuities and supplemental health products are underwritten by SBLI USA Life Insurance Company, Inc. (SBLI USA), headquartered in New York, NY, and S.USA Life Insurance Company, Inc. (S.USA) and Shenandoah Life Insurance Company (Shenandoah Life), both headquartered in Roanoke, VA. Only SBLI USA is an authorized New York insurer. S.USA and Shenandoah Life are not authorized as insurers in, and do not do insurance business in, New York. Each underwriting company is responsible for its own financial and contractual obligations. SBLI USA Life Insurance Company, Inc. is not affiliated with The Savings Bank Mutual Life Insurance Company of Massachusetts or The Savings Bank Life Insurance Company of Connecticut.

Industry
Finance & Insurance
Company Size
201-500 employees
Headquarters
New York, NY
Year Founded
1916
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