Pricing Actuary, Variable Annuities

Position: Pricing Actuary, Variable Annuities

Company: Insurance Organization

Location: Netherlands

Job ID: 19126



RESPONSIBILITIES

- Provide support and expertise in designing and pricing Variable Annuity products.
- This includes developing Pricing Models and working with members of VAE Team and Business Units Marketing staff to ensure all core features are appropriately designed, priced and risk-managed.
- Work with BU Marketing team and VAE Business Development Team to design new VA products.
- Create Pricing Models, or enhance existing Models to adapt to new designs being considered.
- Ensure proper Actuarial and Pricing assumptions are used.
- Analyze financial results for reasonableness, and obtain approval from various organizations, including Regional Office, CIRM, and others as appropriate.
- Understand all elements of Pricing such as reserve calculations, dynamic behaviour, capital requirements, etc., and defend them as required.
- Train local Business Unit Actuaries on modelling practices, pricing risks and product features.
- Review the BU PARP including sensitivities.
- Communicate results to management.
- Support implementation of controls, modelling methodology, and calculation frameworks such as transition from traditional to market consistent methods.
- Monitor and quantify the effect of new laws and regulations.


QUALIFICATIONS:

- 3+ years of actuarial experience in pricing products and/or risk and financial management, preferably with a background in Variable Annuities.
- Background in insurance pricing, capital, profitability, valuation, and / or modelling.
- Knowledge of the capital markets and hedging strategies is desired.
- Strong in programming languages especially Visual Basic. Other Pricing software experience is a plus.
- Proficient with Microsoft Excel and familiarity with Microsoft Access.
- Ability to balance focus on big picture with frequent hands-on capabilities on challenging technical issues and care for detail.
- Fluent in English, oral and written.
- A solid team player with excellent presentation and communication skills.
- Ability and flexibility to work in a cross functional environment.

Agency/Employer: Jobs4Actuary.com
Town or City: Netherlands (Abroad)
Sector: Insurance
Related Job Titles: Not stated
Permanent/Contract: Permanent, Full time
Experience: 3 years
Date: More than 60 days
Salary: Not specified

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