What are the responsibilities and job description for the Actuary, Pricing Director position at Kuvare Holdings LLC?
About Kuvare
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:
- United Life Insurance Company
- Guaranty Income Life Insurance Company
- Lincoln Benefit Life
Institutional Insurance:
- Kuvare Life Re
Bespoke Insurance Solutions:
- Ignite Partners
About the role
The Actuarial Directors are part of the Actuarial team. The team covers an array of specialties including Life and Annuity Valuation, Modeling and Forecasting, Pricing & Product Management, Asset Liability Management, and Enterprise Risk Management. The actuarial team hopes to continue to develop Fellows in the Society of Actuaries. As a director, it can be expected to have an area of specialization but will also have opportunities to work across specialty areas. This recognizes that development does not end with attainment of Fellowship, or similar levels actuarial development. Supervision of actuarial students (either interns, associates, or senior associates) or other positions on either a project level or on a full-time reporting basis is possible.
As a Director on the Actuarial team, your day-to-day activities will be dependent on the function you are supporting and are expected to change throughout your employment, although such changes may be separated by several years. Additionally, you may oversee Senior Actuarial Associates, Actuarial Associates and possibly Actuarial Interns on technical model aspects.
What you'll do
- Organize and Maintain AXIS pricing model(s) to provide robust pricing and new business value analyses
- Support rate setting and other non-guaranteed elements (NGE) process; perform analysis to support business decisions, signoff, and implementation
- Monitor emerging product experience, manage actuarial assumptions and identifying any new risks
- Coordinate and lead cross-functional initiatives related to product development and reporting
- May Oversee Life and/or Annuity product illustrations; provide support to Customer Service on exemptions and escalated requests
- Develop relationships with internal and external distribution (sales) stakeholders
- Manage projects and stakeholders to promote timely and effective progress on key initiatives
- Responsible for designing and pricing of new products
- Responsible for repositioning and enhancing current products
- Develop sales projections and competitive intelligence analysis to help drive business decisions
- Engage with investment banks to develop new indices and crediting strategies
- Support Reinsurance efforts for risk sharing, analysis of existing and potential treaties, developing relationships with counterparts at reinsurers
- Support filing of new products
- Ensure products are built appropriately in administration system and validating test cases
Upon request, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Qualifications
- BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
- FSA designation or near FSA designation
- A minimum of 5 years of relevant full-time insurance actuarial experience is expected.
- Strong analytical and problem-solving skills
- Strong business and collaboration skills
- Proficiency in MS Office (Excel, Access, Word, PPT)
- Demonstrated ability with Actuarial software is a plus (e.g., AXIS, MG-ALFA, ARCVal)
- AXIS skills strongly preferred
- Excellent verbal and written communication skills
- Flexible can-do attitude, willing to help out with all types of tasks in an ever-changing environment
- Passion to learn new things and design new solutions
- Work both independently and as part of a team
- Normal office working environment
- Occasional evening and weekend hours to meet deadlines
- Ability to type / perform data entry
- Ability to read from a computer screen and paper reports
- Express ideas and otherwise communicate with the spoken word
