What are the responsibilities and job description for the Actuarial Senior Director position at Securian Financial Group?
Job Description
The Actuarial Senior Director is responsible for leading Individual Annuity product development, making critical decisions on product selection and prioritization, recommending annuity product strategy to create and maintain competitively relevant products, and developing talent.
Key Responsibilities
Annuity Strategy and Product Development
The Actuarial Senior Director is responsible for leading Individual Annuity product development, making critical decisions on product selection and prioritization, recommending annuity product strategy to create and maintain competitively relevant products, and developing talent.
Key Responsibilities
Annuity Strategy and Product Development
- Develop a comprehensive annuity product development strategy, incorporating market trends and customer needs.
- Empower the team to create and maintain competitive products that support customers' financial planning and protection goals while ensuring Securian's risk management and capacity requirements are met.
- Lead pricing initiatives, collaborating with distribution and risk and finance teams to drive sales and earnings growth.
- Establish and leverage internal and external relationships to understand the individual annuity competitive landscape, launch and service products effectively, and compete successfully.
- Lead a team of actuaries to achieve the outcomes of the annuity line.
- Develop and coach talent, setting expectations for results and fostering a culture of collaboration, teamwork, creativity, and empowerment.
- Build and maintain strong relationships with external partners, representing Securian externally through active involvement in industry organizations such as ACLI, NAIC, LIMRA, and regulatory bodies.
- Cultivate relationships and collaborate with teams across the organization to partner on product development initiatives.
- Fellowship in the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA) preferred.
- Member of the American Academy of Actuaries.
- 10 years of annuity product development experience, including understanding how annuity products are sold and deep knowledge of customer and distribution partner needs preferred.
- 5-10 years of talent development experience.
- Strong interpersonal and collaboration skills to interact with diverse stakeholders.
- Understanding and collaboration with distribution partners, including BDs, FIs, IMOs, etc. preferred.
