Assistant Actuary

At Legal & General America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we're working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals, and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

Purpose and Objective

This role is an integral part of the pricing and product development team, ultimately responsible for evaluating, proposing, and implementing new product ideas and changes to existing products to ensure market competitiveness while meeting profit and risk requirements.

Essential Responsibilities

Product Development, Design, and Pricing

• Provide and actuarial expertise to a cross-functional team responsible for evaluating and prototyping new product, capital management, and underwriting ideas.
• Lead pricing efforts on new and existing products while balancing competitiveness, profitability, and risk standards.
• Analyze and document financial impacts of any new products or product changes and communicate results to key stakeholders

Regulatory and Product Implementation Support

• Review, analyze the pricing impact of, and implement into the pricing models domestic and international regulatory capital and accounting regimes such as Solvency II, PBR, and IFRS-17.
• Work with a cross-functional team to develop or revise, and file policy forms.
• Provide actuarial support for product filings, including the authoring of actuarial memorandums and guidance as to potential pricing impacts of any changes to the policy language.
• Collaborate with employees from across the organization to help bring products to market. Work may include development and review of marketing material, building and testing policy administration and sales illustration systems, and development of tools for use by other areas across the company.
• Perform assumption review, analysis, and documentation for annual Illustration Actuary Testing for new and inforce products.

Actuarial Pricing Assumption Review and Development

• Assist with the research, development, analysis, and proposal of assumptions for new product or product features, and prudent margins on experience based assumptions for existing products
• Work with Data Science, Valuation, and Inforce Management teams to understand how emerging experience will impact new business pricing

Actuarial Model Development and Maintenance

• Develop, utilize, and maintain actuarial models that comply with Legal & General's Model Risk Control Framework.
• Implement, review, and document model and assumption changes.

Ad hoc Projects and other duties as assigned

Education

BS/BA Math/Statistics/Actuarial Science

ASA

Experience/Knowledge

5 or more years of experience

Skills

The ideal candidate will have strong critical thinking skills, be results oriented, and be driven to strive for continuous improvement.

The candidate must have the ability to communicate complex financial issues to both technical and non-technical audiences.

Significant experience with GGY Axis, MG-ALFA, or similar actuarial software is highly preferred

Excellent communication skills, written and oral.

Organizational Structure

Reports To

Actuary, Product Development

Staff

None

Our people are our greatest asset. Addressing the following key business priorities, will enable us to achieve our growth ambitions and deliver successfully to our customers:

What's in it for you?

We'll offer you a competitive salary. Your benefits will include health, life, and dental insurance, 401K with company match up to 6% as well as a pension package, generous time off, and wellness initiatives throughout the year (we like doing fun stuff). We're big on professional development and we'll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We believe in teamwork, collaboration, wellbeing, and knowledge sharing as our fundamental ways of working.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.

This role is to be filled outside of the state of Colorado.