Director, Actuary – Model Development, Product & Pricing
Individual AnnuitiesPricing & RatingReserving & ValuationAsset-Liability Management
Role Summary
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Director-level life actuarial role focused on annuity model development and pricing in Des Moines, IA. You will develop pricing models in Integrate/MG ALFA, support principles-based reserving (VM21/VM22), assess embedded derivatives and hedging, and mentor junior staff. Reports to the AVP, Product & Pricing with strong cross-functional collaboration.
JOB DESCRIPTION SUMMARY
- Develop annuity pricing models using Integrate (formerly MG ALFA)
- Apply principles-based reserving (VM21/VM22) in pricing and model governance
- Price embedded derivatives and evaluate hedging implications and costs
- Collaborate with ALM, valuation, finance, tax, hedging, and legal partners
- Mentor and provide technical guidance to junior actuarial staff
DOMAIN EXPERTISE
- Annuity modeling, pricing, or valuation
- US annuity valuation, reserving and capital standards
- Experience with principles-based reserving (VM21, VM22)
- Risk-neutral pricing and hedging of embedded derivatives
- Stochastic modeling for annuities
KEY REQUIREMENTS
- 5+ years of progressive annuity modeling, pricing, or valuation experience
- B.S. in Actuarial Science, Mathematics, Statistics, Economics, or related field
- Experience building pricing models with MG ALFA / Integrate
- Practical knowledge of US annuity valuation, reserving, and capital standards
- Proficient in Microsoft Excel and VBA for actuarial analysis
TECH STACK
- Excel
- PowerPoint