Assistant Vice President, Life & Retirement Pricing

Key Responsibilities

• Product Pricing & Development Leadership
  • Lead the pricing strategy and actuarial support for new Life and Retirement products.
  • Oversee preliminary pricing analyses and final pricing recommendations.
  • Develop and present product pricing reports, recommendations, and business case analyses to senior leadership.
  • Ensure pricing methodologies align with profitability objectives, market competitiveness, and regulatory requirements.
  • Partner closely with Product Strategy to design, develop, and launch innovative Life and Retirement solutions.
• Rate Setting
  • Lead the Life and Retirement rate-setting process, including recommendation development, financial analysis, executive presentation materials, and acquiring stakeholder alignment.
• Illustration Actuary Responsibilities
  • Serve as the Illustration Actuary for Life products.
  • Provide actuarial oversight and support for illustration systems and methodologies.
  • Ensure illustrations remain compliant, accurate, and aligned with product objectives.
• Actuarial Systems & Technology Leadership
  • Oversee actuarial support for system development initiatives, including new product implementation, product enhancements, system conversions, and pricing and illustration system improvements.
  • Partner with Technology and Operations teams to ensure successful implementation of actuarial requirements.
• Assumptions & Experience Analysis
  • Collaborate with actuarial valuation team on assumption development, experience studies, and profitability assessments.
  • Support long-term business planning through financial modeling, forecasting, and scenario analysis.
  • Provide insight into emerging experience trends and their impact on product pricing and performance.
• Leadership & Strategic Influence
  • Assist in developing strategic goals and initiatives for the Life & Retirement business.
  • Influence key business decisions through actuarial expertise and data-driven recommendations.
  • Mentor and develop actuarial talent while fostering a culture of innovation, collaboration, and continuous improvement.

Qualifications & Experience

• Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA) designation.
• Minimum of 10 years of actuarial experience within Life Insurance and/or Retirement.