Purpose:
Athene is a leader in retirement services, combining disciplined growth, innovative solutions, and differentiated investment capabilities to help meet the retirement needs of individuals and institutions. As a wholly owned subsidiary of Apollo Global Management, Athene benefits from the scale, investment expertise, and origination capabilities of one of the world’s leading alternative asset managers.
The Director, PGA Product Management will provide strategic and actuarial leadership for Athene’s growing Pension Risk Transfer (“PRT”) business, with accountability for leading pricing, modeling, and assumption setting for assigned transactions. Partnering closely with the Actuarial, Treasury, Finance, Risk, and Legal/Business teams, they will help ensure that prospective transactions are priced to achieve financially sound, competitive outcomes aligned with Athene’s broader business and risk objectives, while also overseeing the ongoing management of the inforce business.
This is a visible actuarial pricing role with the opportunity to influence transaction strategy, strengthen pricing capabilities, and help shape the continued growth and evolution of Athene’s PRT platform.
Accountabilities:
- For assigned PRT transactions, act as a Deal Lead, taking responsibility for PRT pricing strategy and execution, ensuring methodologies and assumptions support competitive positioning, appropriate risk-adjusted returns, and business objectives.
- Direct the development and enhancement of deferred and inpay actuarial models supporting cash flow production, policyholder behavior, Statutory and GAAP reserves, asset liability management, financial projections, and transaction economics.
- Provide senior management with clear pricing recommendations, analysis of inforce experience and setting assumptions, sensitivities, and emerging risks to support informed business and transaction decisions.
- Strengthen pricing governance, model validation, controls, and compliance with Model Risk Policies while identifying opportunities to improve scalability, automation, analytics, and the responsible use of AI.
- Support inforce management of existing PRT business including but not limited to deferred liability model onboarding, buy-in to buy-out conversion, and annual true-ups.
- Support an inclusive, high-performance, and risk-aware environment that empowers others, encourages innovation and continuous improvement, and reflects Athene’s BEAM values.
Qualifications and Experience:
- Bachelor’s degree in mathematics, Finance, Actuarial Science, or a related discipline required; Fellow of the Society of Actuaries (FSA) preferred.
- 7+ years of pension risk transfer, pension consulting, actuarial pricing or modeling, asset-liability management experience or relevant professional experience, preferred.
- 4+ years of formal or informal leadership experience, including leading complex transactions, projects, technical initiatives, or cross-functional work, preferred.
- Deep knowledge of defined benefit plan design, funding, and risk-transfer mechanics.
- Advanced actuarial expertise with the ability to connect pricing, reserves, capital, asset strategy, policyholder behavior, reinsurance, and financial outcomes to broader business decisions.
- Experience leveraging advanced analytics, automation and emerging technologies to improve business performance, operational efficiency and decision-making.
- Proven success improving actuarial models, pricing frameworks, controls, or processes, with a bias for action, adaptability, creativity, and willingness to challenge established approaches and learn quickly.
- Strong technology and AI fluency, including the judgment to identify where advanced analytics, automation, or AI can enhance actuarial analysis, scenario testing, model review, and decision support while maintaining appropriate governance.
$176,448.00 - $264,672.00 USD Annual
Annual Salary for this role is market competitive. Actual salary for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Depending on the role, a discretionary bonus plan or variable sales incentive may be included.
