The selected candidate will be given the opportunity to learn about our client’s portfolio of Individual Life Insurance (ILI) products and modelling tools, in order to design, price and evaluate their products. The primary focus of this position is Pricing.
As a part of the broader Pricing and Reinsurance Negotiations team, the successful candidate may also support Reinsurance Negotiations. This position plays a critical role in supporting the business objective of Individual Life division, to broaden product and distribution capabilities and strengthen our position among the largest individual life insurance companies in the market.
As a member of the Pricing & Reinsurance Negotiations team, the associate will have the opportunity to work on a variety of products – our portfolio contains Universal Life, Variable Universal Life, Term, as well as Whole Life.
• Control and maintenance of modelling tools for pricing and profit testing of new individual life insurance business
• Profit testing of new business generated each quarter
• Any additional sensitivity testing, as requested
• Process improvement efforts
• Developing tools to phase out and replace legacy systems
Qualifications, Skills & Experience:
• B.A. / B.S. required – preferably insurance, finance, statistics or related field
• Actuarial exams are desirable
• Experience in MS Excel and/or modelling software (GGY AXIS, MoSes, etc.)
• High level of motivation and drive for results
• Ability to understand complex quantitative concepts
• Fast learner and ability to work independently as well as in a team environment
• Creative problem solver – having the ability to present new solutions to enhance production
• Individual Life experience is a plus
Contact [email protected] or +35316099404 for further details.
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