Life Insurer in the Northeast US has a need for a Senior Level Actuary with solid experience in individual life, long term care insurance and ideally variable annuities. The position will involve responsibility of deferred annuity product development, pricing and implementation of the company's Insurance and Annuity Group. This role also contributes to supporting sales, marketing, and training efforts, the preparation of regulatory filings, determining the appropriate investments to back variable and general account product liabilities and supporting other areas of the organization with insurance product knowledge and technical expertise. The primary responsibilities include: handling life insurance and long term care product development and pricing, as well as associated implementation efforts. It is expected that this individual will make key contributions to the firm's protection strategy as it relates to life insurance and long term care. This position works closely with the Deferred Annuity Product Development, Pricing and Implementation areas. The incumbent will also design and price deferred variable annuity products, conduct cost/benefit analysis, sensitivity analysis and competitive comparisons, participate in the development of the fixed deferred annuity product line, play a key role in designing system specifications, implement new products and systems testing, provide product expertise and implementation support for marketing, sales, systems, quality assurance, learning and communications, finance and client services.

The incumbent will also lead product design efforts, handle Risk Management issues, assist in ensuring that insurance risks and guarantees are appropriately managed through product design, pricing, reinsurance, hedging and prudent investment management, provide Marketing, Sales and Training Support, assist in developing technical marketing materials, review product related marketing, sales and training materials, develop complex tools for product analysis and evaluation for use by sales people and clients, assist marketing, sales and training areas in understand complex insurance products, handle State Regulatory Filings & Compliance issues with respect to deferred variable annuity products, consult in the filing of all new products or enhancements with the states for review and approval, develop actuarial memorandums and demonstrations that are integral to the approval process and negotiate terms of approval with each state.

This role will also entail modeling which involves creating models to assess product and initiative profitability and various financial transactions within other insurers or business partners, handling product design changes and justifying changes with pricing department, developing model comparisons to investment alternatives to determine when the company's products are most suitable for clients.

The incumbent will also have involvement with experience monitoring which includes monitoring product experience to identify trends and benchmark against pricing assumptions, providing periodic updates to senior management on product experience, identifying associated risks, updating pricing assumptions and making product design changes.

There will be leadership and management responsibilities associated with this role as well. This involves providing direction, expertise and development to staff as well as assisting others in the actuarial area to ensure the organization has the support to be successful.

Candidates should have 10-15+ years of insurance industry experience, a broad based insurance background with strong exposure in working with cross functional departments including sales, marketing, client services and finance, extensive experience with individual life insurance or long term care insurance, experience with individual annuity products is a plus and particularly with Variable Annuities. candidates should also have the ability to explain complex concepts to a non-technical audience and show strong leadership skills.