What are the responsibilities and job description for the Actuary, Directory position at Kuvare Holdings LLC?
Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.
Kuvare family of companies:
Retail Annuity and Life Insurance Solutions:
Institutional Insurance:
Bespoke Insurance Solutions:
Kuvare family of companies:
Retail Annuity and Life Insurance Solutions:
- United Life Insurance Company
- Guaranty Income Life Insurance Company
- Lincoln Benefit Life
Institutional Insurance:
- Kuvare Life Re
Bespoke Insurance Solutions:
- Ignite Partners
The Director and Actuary, Pricing & Product Development will:
- Serve as the product expert to internal and external clients
- Leverage Axis to build and enhance actuarial pricing models
- Build and enhance tools for analysis of pricing results
- Monitor emerging product features and market trends
Duties and responsibilities include, but are not limited to
- Designing and pricing innovative accumulation and income individual annuity products (MYGA, FIA, and RILA)
- Stay up to date on current industry product design and pricing best practices
- Build Axis annuity pricing model and related templates
- Efficiently design and run sensitivities to price various features/riders and describe drivers of profitability
- Build and maintain assumption database
- Describe products, features, analysis, sensitivities, and pricing to a variety of cross-functional stakeholders
- Assist in embedding the use of predictive analytics in pricing
- Drafting of policy form, actuarial memo and riders/endorsements for the purposes of state filing
- Responding to queries and requests from the compact and states during the product approval process
- Accountability for development of rate setting process and strategies to enable the business to achieve growth and profitability goals
- Develop product specification, system requirements and testing for administration system implementation
Upon request, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
