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Assistant Vice President, Life & Retirement Pricing
Location
United States
Posted
6 days ago
Salary
$124.2K - $175.8K / year
Seniority
Lead
Job Description
Assistant Vice President, Life & Retirement Pricing
Horace Mann
• Lead the pricing strategy and actuarial support for new Life and Retirement products. • Oversee preliminary pricing analyses and final pricing recommendations. • Develop and present product pricing reports, recommendations, and business case analyses to senior leadership. • Ensure pricing methodologies align with profitability objectives, market competitiveness, and regulatory requirements. • Partner closely with Product Strategy to design, develop, and launch innovative Life and Retirement solutions. • Lead the Life and Retirement rate-setting process, including recommendation development, financial analysis, executive presentation materials, acquiring stakeholder alignment. • Serve as the Illustration Actuary for Life products. • Provide actuarial oversight and support for illustration systems and methodologies. • Ensure illustrations remain compliant, accurate, and aligned with product objectives. • Oversee actuarial support for system development initiatives, including new product implementation, product enhancements, system conversions, pricing and illustration system improvements. • Collaborate with actuarial valuation team on assumption development, experience studies, and profitability assessments. • Support long-term business planning through financial modeling, forecasting, and scenario analysis. • Provide insight into emerging experience trends and their impact on product pricing and performance. • Assist in developing strategic goals and initiatives for the Life & Retirement business. • Influence key business decisions through actuarial expertise and data-driven recommendations. • Mentor and develop actuarial talent while fostering a culture of innovation, collaboration, and continuous improvement.
Job Requirements
- Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA) designation.
- Minimum of 10 years of actuarial experience within Life Insurance and/or Retirement.
- Demonstrated experience in product pricing, product development, and actuarial modeling.
- Strong understanding of actuarial valuation, profitability analysis, and financial projections.
- Experience leading cross-functional initiatives and influencing senior leadership decisions.
Benefits
- Special rates and benefits for educators
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