Actuary Director
Job Description
At OneAmerica, we deliver on promises when customers need us most. We believe the best way to serve our customers is to know that every individual, employee, family and business we work with has unique personal and financial goals. We keep our promises, so we can help them achieve their goals and realize their definition of financial success.
Product pricing is a key actuarial function that helps the enterprise develop insurance products that meet its strategic objectives, including the creation of customer value, sales growth, and profitability. The Actuary Director is a subject matter expert on all relevant Individual Life & Financial Services (ILFS) products supported within the team. This role includes pricing model development, experience review and assumption development, product pricing activities, profitability analyses and reporting, engagement in cross-functional teams as a subject matter expert (for example, in a product implementation team), and many other ad-hoc analyses.
Responsibilities:
- Build and maintain pricing models
- Set and maintain product premium rate levels
- Determine product profitability and report out to senior management
- Partner with product strategy/manager, sales distribution, and others to analyze product concepts from a pricing and profitability perspective
- Analyze product risks - and recommend to senior management potential risk mitigation actions
- Review and report on experience results for currently offered products
- Set and maintain actuarial assumptions for new and currently offered products, which includes setting best estimate actuarial assumptions to be used in other actuarial teams
- Support/Lead product implementation efforts and confirm product mechanics and values are accurate on relevant systems (for example, policy administration system(s))
- Construct (and sign, as appropriate) state filing documents and actuarial memoranda
Qualifications & Requirements:
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Computer Science, or related field
- Fellow of the Society of Actuaries
- 5 years of relevant experience in actuarial work and/or insurance (preferably life insurance and annuities and/or long-term care insurance)
- Ability to solve complex problems and cross-functionally collaborate in achieving enterprise goals
- Proven experience articulating complex data to both a technical & non-technical audience.
- Demonstrated passion for work and team's success
- Or any combination of education and experience which would provide an equivalent background
Salary Band: 07C
This selected candidate will be expected to work hybrid in Indianapolis, IN. The candidate will also be expected to physically return to the office in CA, WI, IN or ME as business needs dictate or for team-building and collaboration.
If you are offered and accept this position, please be advised that OneAmerica does not have any offices located in the State of New York and OneAmerica associates are not permitted to work remotely in the State of New York.
Disclaimer: OneAmerica is an equal opportunity employer and strictly prohibits unlawful discrimination based upon an individual's race, color, religion, gender, sexual orientation, gender identity/expression, national origin/ancestry, age, mental/physical disability, medical condition, marital status, veteran status, or any other characteristic protected by law.
For all positions:
Because this position is regulated by the Violent Crime Control and Law Enforcement Act, if an offer is made, applicants must undergo mandated background checks as a condition of employment. Such background checks include criminal history. A conviction is not necessarily an absolute bar to employment. Consistent with applicable regulatory guidelines and law, factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered.
To learn more about our products, services, and the companies of OneAmerica, visit oneamerica.com/companies.
Date Posted
02/26/2023
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