Director, Actuary – Model Development, Product & Pricing
Individual AnnuitiesPricing & RatingReserving & ValuationProduct Development & Plan Design
Role Summary
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Director-level life actuarial role focused on annuity model development and pricing in Des Moines, IA. You will build and enhance pricing models (Integrate/MG ALFA) within a principles-based reserving framework (VM21/VM22), price embedded derivatives, and advise hedging. The role reports to the AVP, Product & Pricing and includes mentorship of junior staff.
JOB DESCRIPTION SUMMARY
- Develop annuity pricing models using Integrate (formerly MG ALFA)
- Enhance models for principles-based reserving (VM21 / VM22)
- Price embedded derivatives and assess hedging implications
- Collaborate with ALM, valuation, finance, tax, hedging, and legal
- Director role with mentorship of junior actuarial staff
DOMAIN EXPERTISE
- Annuity modeling, pricing, or valuation
- Principles-based reserving (VM21 / VM22) experience
- Risk-neutral pricing and hedging experience
- Stochastic modeling for annuities
KEY REQUIREMENTS
- 5+ years of progressive annuity modeling, pricing, or valuation experience
- Practical knowledge of US annuity valuation, reserving, and capital standards
- Experience with stochastic modeling and risk-neutral pricing/hedging concepts
- Experience using MG-ALFA / Integrate or similar annuity pricing software
- B.S. in Actuarial Science, Mathematics, Statistics, Economics, or related
TECH STACK
- Excel
- PowerPoint