Assistant Vice President, Life & Retirement Pricing

Key Responsibilities

• Lead the pricing strategy and actuarial support for new Life and Retirement products.
• Oversee preliminary pricing analyses and final pricing recommendations.
• Develop and present product pricing reports, recommendations, and business case analyses to senior leadership.
• Ensure pricing methodologies align with profitability objectives, market competitiveness, and regulatory requirements.
• Partner closely with Product Strategy to design, develop, and launch innovative Life and Retirement solutions.
• Lead the Life and Retirement rate-setting process, including:
• Recommendation development
• Financial analysis
• Executive presentation materials
• Acquiring stakeholder alignment
• Serve as the Illustration Actuary for Life products.
• Provide actuarial oversight and support for illustration systems and methodologies.
• Ensure illustrations remain compliant, accurate, and aligned with product objectives.
• Oversee actuarial support for system development initiatives, including:
• New product implementation
• Product enhancements
• System conversions
• Pricing and illustration system improvements
• Partner with Technology and Operations teams to ensure successful implementation of actuarial requirements.
• Collaborate with actuarial valuation team on assumption development, experience studies, and profitability assessments.
• Support long-term business planning through financial modeling, forecasting, and scenario analysis.
• Provide insight into emerging experience trends and their impact on product pricing and performance.
• Assist in developing strategic goals and initiatives for the Life & Retirement business.
• Influence key business decisions through actuarial expertise and data-driven recommendations.
• Mentor and develop actuarial talent while fostering a culture of innovation, collaboration, and continuous improvement.

Qualifications & Experience

• Required:
• Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA) designation.
• Minimum of 10 years of actuarial experience within Life Insurance and/or Retirement.
• Demonstrated experience in product pricing, product development, and actuarial modeling.
• Strong understanding of actuarial valuation, profitability analysis, and financial projections.
• Experience leading cross-functional initiatives and influencing senior leadership decisions.
• Preferred:
• Experience serving as an Illustration Actuary.
• Experience supporting actuarial systems, product implementations, or system conversions.
• Experience leading product innovation and strategic growth initiatives.
• Leadership experience managing actuarial teams or mentoring actuarial professionals.

Key Competencies

• Strategic Thinking & Business Acumen
• Product Innovation & Market Awareness
• Advanced Actuarial Modeling & Pricing Expertise
• Executive Communication & Influence
• Financial Analysis & Risk Assessment
• Cross-Functional Leadership
• Change Management & Continuous Improvement
• Relationship Building & Collaboration

Pay

Salary Range: $124,200.00 - $175,800.00 annually

Salary is commensurate to experience, location, etc.