Associate Actuary - Universal Life Pricing and Product Development

Salary depends on experience
Posted on 06/21/18
5 - 7 years experience
Accounting, Finance & Insurance
Salary depends on experience
Posted on 06/21/18

AIG has an opportunity for an Assistant Actuary on their Universal Life Pricing Team.

This actuary will be a member of a team responsible for designing, developing, pricing, and managing AIG’s individual universal life insurance line of business which includes Secondary Guarantee UL, Equity Indexed UL, Variable UL, and Survivor UL products.  Our goal is to create innovative, competitive products whose returns are commensurate with the inherent risks.

Product Development and Pricing work will entail:

1. Collaboration with distribution to brainstorm innovative solutions
2. Gathering information on markets and competitor products
3. Prototype design
4. Creation of technical specifications
5. Collaboration with IT systems
6. Model development and coding
7. Assumption development
8. Rate Setting
9. Policy form review with Legal and Compliance
10. Creation of state filings materials and communication with the state departments themselves
11. Presenting to management the results and risks

The preferred applicant would have the following characteristics/experience:

1. Fellow or Associate in the Society of Actuaries with 5+ years of experience
3. Familiarity with US individual life insurance products, the regulatory environment, and GAAP
4. Excellent Spreadsheet and database capabilities (Excel, MS Access and VBA)
5. Experience with Actuarial Software such as Prophet, MG-ALFA, or Axis.  Prophet is preferred.
7. Desire to constantly improve – your work and yourself
8. Strong communication (oral and written) and influencing skills 
9. Ability to work independently, as well as collaboratively, challenge status quo and promote new solutions
10. Undergraduate degree in actuarial science, mathematics or statistics
11. Location:  Nashville
12. Travel Requirements: Minimal

JR1802303

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