AVP, Annuity Pricing & Product Structuring
Group 1001

Description

Position at Group1001

Group1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001's culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets - our employees.

Job Summary:

In this position, you will have a unique and exciting opportunity to join us in offering our clients practical solutions with easy-to-understand features while delivering them with clarity and integrity.

This position reports to the Vice President - Product. This position will serve in a lead role within the company's Product Development and Management initiatives across annuity products (fixed, indexed, and variable).

The role will be a key position in the future growth of the company.

Main Accountabilities:

• Analyze and price complex annuity products and guaranteed benefits
• Partner with our quantitative and hedging teams to implement sophisticated financial models to price and perform risk assessments of potential annuity products or other savings/retirement vehicles
• Oversee development of prospectuses, policy forms, and actuarial filing materials, including objection responses, as required for product approval by insurance departments and regulatory bodies
• Create pricing documents including committee formal pricing reports for committee review and approval
• Develop and/or monitor various pricing, financial, underwriting, administrative, and illustration systems
• Receive and review marketing feedback on product design ideas that would appeal to our selling agents and their clients
• Monitor and recommend adjustments to product features that affect the profitability and sales of existing and new products
• Assist with policy calculations and validations
• Maximize long-term value consistent with the company's strategic objectives, which often requires balancing the needs and considerations of a wide variety of constituencies, ranging from external clients, producers, and vendors to other internal areas (Legal/Compliance, Finance, Distribution, Operations, etc.)

Qualifications:

• 5+ years of annuity pricing and product development or other capital markets and financial instrument modeling and pricing
• Strong technical skills
• Self-starter with the ability to drive projects forward
• Demonstrated leadership and ability to influence and build relationships across the organization.
• Experience in managing multiple, complex, corporate-wide projects.
• Concise and persuasive oral and written communication skills.
• Strong analytical, problem-solving, and strategic thinking skills to understand and anticipate the impact and opportunities across various projects.
• Actuarial credentials, CFA, or advanced degree in a highly quantitative field of study

Group 1001 offers a strong benefits package including Medical, Dental, Vision, Prescription Drug Coverage, 401k Plan, Life Insurance, and Flexible Time Off among other benefit plan options.

This job has expired.