(Remote) Actuarial Analyst, Product

About the role

The organization operates within the life insurance industry, focusing on providing financial security for middle market consumers. It addresses challenges in making life insurance products accessible and affordable by innovating with patented products and processes, including the use of predictive analytics to streamline policy issuance. The organization has a long history dating back to 1896 and integrates marketing, product manufacturing, and controlled distribution to support growth. The Actuarial Analyst, Product role is responsible for analyzing product performance and supporting product development within the life insurance portfolio. This position contributes to profitable growth by providing insights from experience reports, KPI dashboards, and market analysis, and by collaborating with cross-functional teams to inform product strategy and improvements.

Responsibilities

• Develop, maintain, and analyze experience reports on product, distributor, underwriting, and profitability performance across various life insurance products.
• Analyze trends in placement, persistency, claims, expenses, and underwriting outcomes to identify opportunities for product innovation.
• Prepare recurring KPI reports and dashboards for internal reviews and executive updates.
• Collaborate with teams to translate data insights into actionable recommendations.
• Support new product development through opportunity sizing, competitive analysis, pricing inputs, business case preparation, and performance tracking.
• Monitor existing product portfolio performance and recommend actions for improvement or rationalization.
• Document analytical methods, assumptions, and findings for clarity and repeatability.
• Assist with documentation for state filings related to insurance products.
• Support actuarial model development and validation for pricing and decision-making.
• Perform other assigned duties and projects.

Requirements

• Minimum 2 years of experience in actuarial, product, pricing, insurance analytics, underwriting analytics, or related life insurance fields.
• Undergraduate degree in actuarial science, business, finance, or related field.
• Completion of at least 2 SOA exams preferred; ongoing progress toward ASA designation expected.
• Familiarity with life insurance products, experience studies, segmentation, dashboards, and profitability analysis.
• Ability to meet deadlines reliably.
• Advanced proficiency in Excel; experience with SQL and data visualization tools such as Power BI or Tableau preferred; knowledge of Python, R, or SAS is a plus.
• Strong analytical, quantitative, problem-solving, and communication skills.
• Attention to detail and ability to manage multiple priorities in a cross-functional environment.
• Ability to communicate complex technical information to both actuarial and non-technical audiences.
• Proficiency in Microsoft Windows and Office products.

Pay

Salary range: $80,000 to $103,000 annually.

Benefits

• Medical insurance with various plan options.
• Dental insurance covering preventive, basic, and major services.
• Employer-paid vision insurance.
• Employer-paid basic life and AD&D insurance.
• Employer-paid short-term and long-term disability insurance.
• 401(k) plan with company match.
• Paid time off and sick time accruing each pay period.
• Annual performance-based bonus program.