Annuity Pricing Actuary

Company Description:

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn.

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#! Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

In this role, specializing in annuity pricing, you will play a key part in developing and implementing pricing models, conducting in-depth analysis, and ensuring the financial competitiveness and sustainability of our annuity products. You will work closely with cross-functional teams including IT, finance, and marketing to support strategic decision-making and drive profitability. This role reports to the AVP, Pricing and is required to be onsite 3 days a week at our Durham, NC office.

What You Will Do

• Pricing Strategy Development:

Lead the development and maintenance of pricing models for annuity products.

• Conduct thorough analysis of market trends, competitor offerings, and economic factors to inform pricing strategies.
• Develop pricing assumptions and projections to ensure competitive and profitable product pricing.
• Financial Analysis and Modeling:
• Create and validate actuarial models to assess the financial impact of various pricing strategies.
• Perform sensitivity analyses and stress testing to evaluate risk and ensure financial stability.
• Product Development:
• Design new annuity products and enhance existing offerings.
• Provide actuarial expertise and insights during the product development process to align with financial goals.
• Regulatory and Compliance Oversight:
• Ensure pricing models and strategies comply with regulatory requirements and industry standards.
• Prepare and review actuarial reports and documentation for internal and external stakeholders.
• Cross-Functional Collaboration:
• Work closely with marketing and sales teams to support product launch strategies and promotional activities.
• Communicate complex actuarial concepts and pricing decisions effectively to non-actuarial stakeholders.
• Continuous Improvement:
• Stay abreast of industry developments, actuarial methodologies, and regulatory changes.
• Propose and implement enhancements to pricing models and actuarial practices to improve accuracy and efficiency.

What We Provide:

• Salaried, DOE
• Full-Time
• Full Benefits Package Available

What We Believe:

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

Requirements

What We Require:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Associate or Fellow of the Society of Actuaries (ASA or FSA)
• Minimum of 5 years of actuarial experience with a focus on annuity pricing, including experience with actuarial modeling and financial analysis.
• Advanced proficiency in actuarial software and tools (e.g., AXIS, Prophet, etc.).
• Strong analytical and problem-solving skills, with the ability to interpret complex data and provide actionable insights.
• Excellent communication skills, with the ability to convey technical information clearly to diverse audiences.
• Proven track record of successful collaboration with cross-functional teams.