What are the responsibilities and job description for the Actuarial Associate, Product Development position at Revol One Financial?
Job Description
Job Description
Company Introduction
At Revol One Financial® we offer a unique and exciting opportunity to be on the ground floor of a startup that will upend the industry be being a refreshingly straight forward insurance company. Do you like to make quick decisions? Influence projects and outcomes? Be empowered to make decisions? We work differently and have a collaborative, fun, casual culture with none of the entanglements and roadblocks of a typical corporate environment.
As an Actuarial Associate, Product Development of Revol One Insurance, you will have the chance to mold & shape a critical area of Operations, work closely with leadership, work on numerous cross- functional projects and wear multiple hats, all of which will be an excellent learning experience and provide opportunities for significant professional growth.
Revol One Mission & Core Values
Our Mission is to revolution how people feel, think and experience retirement solutions.
Our Core Values
Lead with Trust & Integrity – We walk the talk. Living with integrity means our actions always match our words.
Treat others with Respect & Humility – We value every individual. We respect and care for each fostering a supportive and empathetic workplace culture.
Always be Genuine, Honest & Transparent – We know what we are and what we are not. We let honesty and transparency guide our decisions and actions, ensuring we stay true to who we are.
Own Your Entrepreneurial Spirit – Everyone acts like an entrepreneur. We take initiative, own our actions, and drive innovation.
Embrace Fun & Flexibility – Agility and positivity defines us. We embrace the fun in everything we do staying nimble and enthusiastic.
We are One Revol One Financial – We Can, and we Will succeed together. We face challenges head on with determination and commitment, confident in our ability to succeed.
Actuarial Associate, Product Development
The Actuarial Associate, Product Development is responsible for supporting the development of new annuity products and management of in force annuity products. This position will support the Product Development Team with product ideation & design, pricing, contract filing, administration and illustration systems development, marketing support, and other technical support needed by Revol One to bring a new product to market. The role will also support re-pricing and rate-setting.
This position reports directly to the Head of Product Development and does not have direct reports.
Major Duties & Responsibilities
- Responsible for supporting the development and pricing of new products through model development, configuration, testing, and analysis of results
Support implementation and post launch product efforts including administration and illustration system calculations, testing plans, calculations for marketing materials, training internal teams on product specifics, etc.
Build and maintain tools, processes, and structures to enhance team effectiveness
Skills, Experience & Qualifications
Bachelor's degree in mathematics, actuarial science or related degree or equivalent experience
Working towards FSA and MAAA certifications
2-5 years actuarial experience with progressively more responsibility with a concentration on Individual Annuities and / or Individual Life Insurance products
Experience within an Actuarial product development function, financial reporting, or reinsurance function preferred
Strong problem-solving skills that include advanced analytical and reasoning abilities
Unconditional integrity and commitment to delivering accurate information on schedule
Proactively identifies issues and works towards solutions
Prioritizes execution and delivery in a fast-paced environment
Curious and inquisitive with a desire to understand goals and decisions rather than simply take orders
Revol One Financial® is the marketing name for Revol One Insurance Company. Revol One Insurance Company is responsible for its own financial and contractual obligations. Revol One Insurance Company is not authorized to conduct business in the state of New
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