Director Actuary in Harleysville, PA at Pyramid Consulting, Inc

Date Posted: 6/29/2020

Job Snapshot

Job Description

Immediate need for a talented Director Actuary with experience in the Insurance Industry.
This is a 06+ Months Contract opportunity with long-term potential and is located in Harleysville, PA. Please review the job description below.
Job ID: 20-21519

Key Requirements and Technology Experience:
  • IPS Annuity Actuarial is seeking an experienced actuary with 20+ years of experience in Fixed Indexed Annuities and Variable Annuities.
  • The Annuity Product Development Actuary will be involved in product efforts from inception through launch and perform activities necessary to find the optimal balance between profitability, competitiveness, and compensation while limiting downside risk.
  • Key elements of this role include product innovation, product design, and analysis of various product features.
  • Some of this analysis will be fully vetted and a full blown analysis will be required where results will be presented to a formal committee.
  • Other analysis could be back of the envelop calculations where ideas are quickly analyzed.
  • This analysis is not limited to one product and could be any of several fixed deferred, fixed index deferred (with and without living or death benefits), income, or variable deferred (with and without living or death benefits) products.
  • Research and Development or continuous improvement could be a major component of the responsibilities as we enhance our modeling capabilities.
  • A strong understanding of real world pricing or statutory financials is required and a basic understanding of hedging is preferred.
  • This role will have the opportunity to work closely with the Actuarial Pricing Leads on fixed deferred, fixed index deferred, variable deferred, and income annuity products.
  • This is a highly collaborative role and will become part of an Actuarial team that has an opportunity to work on all forms of annuities.
  • The position will have the opportunity to contribute to highly visible projects.
  • The following skills/experience are most relevant for this position.
  • Product design and pricing experience.
  • Solving complex actuarial/market problems.
  • Experience with product development projects and a strong understanding of Statutory financials.
  • A strong understanding of pricing, real-world and risk-neutral.
  • A basic understanding of hedging.
  • Expertise with actuarial modeling software, preferable ALFA .
  • Experience with AG33, AG35, and AG43 The following competencies are most relevant for this position.
  • Self motivated/Self Starter - Ability to take ownership of projects and drive them to completion.
  • Skilled in managing multiple projects/tasks simultaneously.
  • Ability to work collaboratively as part of a high performing team.
  • Education and influence of others.
  • Analysis and problem-solving skills.
  • Oral and written communications.
Our client is a leading Insurance Industry and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.