Director, Actuary (Pricing)
About KuvareKuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers' retirements, and are simplified for distributor partners and financial professionals to sell and service.Kuvare family of companies:Retail Annuity and Life Insurance Solutions:- United Life Insurance Company- Guaranty Income Life Insurance Company- Lincoln Benefit LifeInstitutional Insurance:- Kuvare Life ReBespoke Insurance Solutions:- Ignite PartnersAbout the roleActuarial Directors are part of the Actuarial team. The team covers an array of specialties including Pricing and Product Development, Life and Annuity Valuation, Modeling and Forecasting, Product Management, Asset Liability Management, and Enterprise Risk Management. The Actuarial team hopes to continue to develop Fellows in the Society of Actuaries. As a director, it can be expected to have an area of specialization but will also have opportunities to work across specialty areas. This recognizes that development does not end with attainment of Fellowship.What you'll doAs a Director on the Actuarial team, your day-to-day activities will be dependent on the function you are supporting and are expected to change throughout your employment, although such changes may be separated by several years.We are seeking to add a Director to support Pricing and Product Development. The director will be responsible for the development, pricing, and implementation of innovative Fixed Indexed Annuity (FIA), Multi-Year Guaranteed Annuity, and Life products.The ideal candidate combines annuity/life product expertise with strong analytical skills and the ability to collaborate across actuarial, investments, distribution, compliance, and operations teams to bring competitive products to market.Pricing and Product DevelopmentDesign and evolve products that are competitive scalable and distribution-friendlyDevelop crediting strategies, product and rider structures that balance consumer value and company profitabilityLead creation of required memos, pricing book, and sensitivities for all new productsCollaborate with actuarial, finance and investment teams on assumptions, hedging considerations and capital efficiency.Support Reinsurance efforts for risk sharing, analysis of existing and potential treaties, developing relationships with counterparts at reinsurersTranslate product designs into clear specifications for illustration systems, admin platforms and operationsCoordinate state filing requirements, supporting the development on contract language and handling state product objections• Ensure product designs align with company risk appetite, regulatory requirements and reserving considerations• Present and gain approval of new products in governance committees and approval processesQualificationsExperienceBS in Actuarial Science, Mathematics, Finance, Statistics, or related areaFSA designation or near FSA designationA minimum of 8 years of relevant full-time insurance actuarial experience is expected.Extensive knowledge of FIAs, MYGAs, and Life productsExperience working cross-functionally with actuarial, investments, and distributionSkills/CompetenciesStrong understanding of annuity profitability driversStrong analytical and problem-solving skillsStrong business and collaboration skillsProficiency in MS Office (Excel, Access, Word, PPT)Excellent communication skills, able to translate technical concepts for all stakeholdersFlexible can-do attitudePassion to learn new things and design new solutionsDemonstrated ability with Actuarial software is a plus (e.g., AXIS, MG-ALFA, ARCVal)AXIS skills strongly preferred