Jackson

Lead Actuary - RILA

Jackson$195K — $215K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field required.
  • 8+ years of actuarial experience and FSA or 12+ years and ASA required.
  • 10+ years of actuarial experience and FSA or 14+ years and ASA preferred.
  • RILA or indexed annuity experience required.
  • Pursuing Fellow of the Society of Actuaries (FSA) designation preferred.

Responsibilities

  • Leads cross-functional team meetings and coordinates with senior management.
  • Works independently to prioritize and manage project deadlines.
  • Communicates effectively with actuarial and cross-departmental associates.
  • Prepares detailed reports and presentations for senior management.
  • Reviews and oversees proposed actuarial methodologies and product implementations.
  • Directs processes for producing actuarial output like reserves and cash flow projections.
  • Implements initiatives to improve efficiency and controls within processes.

Benefits

  • Participates in annual bonus program and possibly long-term incentives program.
  • Eligible for compensated personal time off and holidays.
  • Comprehensive health benefits provided.
  • Generous 401(k) plan matching contributions available.
  • Access to various company benefit programs as per employment policies.
Full Job Description

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Job Purpose

Provides cross-functional actuarial expertise on registered index-linked annuities (RILA) in areas such as product development, in-force management, financial modeling, financial reporting, and asset/liability management. Performs and guides analysis that quantifies risk management strategies for RILA, recommending optimal approaches to senior management. Uses technical modeling expertise to collaborate with and mentor others toward industry-leading RILA thought leadership.


Essential Responsibilities
  • Leads cross-functional and cross-departmental team meetings, meetings with senior management, and meetings with external parties.
  • Works independently, setting priorities and deadlines, and sharing status with senior management.
  • Communicates with actuarial associates at all levels, cross-departmental associates at all levels, and external parties, orally and in writing.
  • Composes reports and presentations for senior management.
  • Provides senior manager level review of proposed actuarial methodology changes, new product implementations, and the work product of project teams.
  • Directs processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
  • Drives initiatives for improving methods and procedures, as necessary, to increase efficiency and improves controls.
  • Leads cross-functional and cross-departmental projects, creating project plans and assigning tasks.
  • Develops specific skills of cross-functional team staff for projects and control deployment.
  • Serves as an expert resource for the company in several areas of regulatory, professional, or technical knowledge.
  • Finds issues, proposes solutions, identifies and secures resources to resolve.
  • Directs the identification of risks and development of mitigating controls.
  • Pursues emerging technical knowledge and represent Jackson at industry forums.

Other Duties

  • Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities
  • Expert knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
  • Expert in RILA or indexed annuities. Advanced knowledge in one or more other insurance product lines (life, annuities).
  • Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, modeling, or asset/liability management). Advanced experience in at least one other key field of actuarial work.
  • Firm understanding of all fields of actuarial work.
  • Expert knowledge of several actuarial applications used by Jackson, such as SAS, Python, ALFA, etc.
  • Understanding of industry advancements, best practices and technology initiatives.
  • Ability to guide cross-functional and cross-departmental project teams to implement advanced changes to applications.
  • Ability to envision process and model improvements and develop approaches to implement the improvements.
  • General to advanced understanding of several processes applied across the Jackson actuarial department.
  • Ability to organize and lead large-scale projects.
  • Ability to communicate highly analytical and complex ideas to broad spectrum of audiences, including external parties, both in writing and orally.
  • Ability to write effective formal reports for senior management and external parties.
  • Ability to lead cross-function and cross-departmental team meetings.
  • Strong analytical and problem-solving skills with the ability to apply judgement and effectively resolve complex problems and issues.
  • Flexible thinking and creativity with the ability to adapt standard actuarial models to unusual situations, to develop new actuarial models, and to combine internal and external data sources.

Qualifications

  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required.
  • 8+ years of actuarial experience and FSA or 12 + years of actuarial experience and ASA required.
  • 10+ years of actuarial experience and FSA or 14+ years of actuarial experience and ASA preferred.
  • RILA or indexed annuity experience required.
  • Continuing efforts to pursue Fellow of the Society of Actuaries (FSA) designation preferred.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by the personnel so classified.

Base Pay:

$195,000.00 - $215,000.00. The base salary for this position may vary depending on experience, job-related knowledge, skills, and abilities. In addition to the base salary, this role will be eligible to participate in our annual bonus program and may be eligible to participate in our long-term incentives program. This role will also be eligible for compensated personal time off and holidays, health benefits, 401(k) plan with generous matching and other benefit programs according to the Company's employment policies and subject to the formal terms of such plans and programs.

About Jackson

Jackson Careers

Join the vibrant team at Jackson, a leader in industry innovation and growth. At Jackson, we offer more than just job opportunities; we provide a platform for professional development and leadership in a diverse and inclusive environment.

Work You’ll Do

At Jackson, you’ll be part of a dynamic team committed to excellence and innovation. Our company is at the forefront of industry leadership, providing a wealth of opportunities for career advancement and professional growth. Whether you’re looking for a full-time position or an internship, Jackson is the place where your skills will be honed, and your professional aspirations realized.

Explore Jackson’s Employment Opportunities

We are constantly expanding our team with talented individuals who are eager to drive innovation and lead in their respective fields. Our hiring process is designed to identify and nurture such talent, ensuring that every team member is equipped to contribute effectively. From your initial interview to your ongoing career development, Jackson supports you at every step.

Internship Programs

Kickstart your career with a Jackson internship. Gain invaluable industry experience, develop your skills, and build a professional network that will serve you throughout your career. Our internships offer a unique insight into our company culture and operations, setting the stage for future employment opportunities.

Benefits and Culture

At Jackson, we believe that our team is our greatest asset. We are committed to providing comprehensive benefits that promote health, well-being, and work-life balance. Our culture is built on a foundation of respect, diversity, and inclusion, ensuring that all team members feel valued and inspired.

Professional Growth and Development

We are dedicated to the continuous professional development of our employees. Jackson offers diverse training programs, including leadership development and diversity training, to help you grow at every stage of your career. Our commitment to your growth is matched by our commitment to innovation and excellence in everything we do.

Join Our Team

Search open positions that match your skills and interests on the Jackson Jobs portal. We look for passionate, curious, creative, and solution-driven team players. Ready to take the next step in your career? Explore the exciting and rewarding opportunities at Jackson today.

Stay Connected

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Networking and Career Advancement

At Jackson, networking is at the heart of professional and personal advancement. Engage with leaders and peers within the company through various platforms and events. These interactions provide valuable insights and opportunities that can propel your career forward. Join Jackson, where your career is our priority, and your potential is our investment. Let’s innovate and lead together in this dynamic industry.
Learn more about Jackson
Market Cap
$2.8 billion
Industry
5 Year Trend
+12.1%

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