Life and Health Pricing Actuary (Remote)

At TruStage, we’re on a mission to make a brighter financial future accessible to everyone.  We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance, investment and technology solutions, we push the boundaries of what’s possible. We need you to help us shape what’s next. You’ll be encouraged to share your experiences, ideas and skills to help others take control of their financial future.

Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition

Job Purpose:

Life and Health Pricing Actuary is going to be part of Product team primarily working on TruStage Life and Health products.

TruStage offers a different approach to insurance. TruStage is committed to building a consumer experience based on where they are and helping them get started with protecting those who matter most. TruStage passion lies in ensuring the hardworking families we serve have the opportunity and access to protect what matters most in their lives. TruStage has earned the trust of more than 20 million people based on these ideals and we are looking for candidates who believe in our mission.

A career within Product team is more than just a job—it is an opportunity to grow in your profession, while helping to protect millions of Americans and their families. Many companies offer insurance, but few can boast our combination of financial strength, customer focus, community involvement and commitment to doing business the right way. We are looking for a collaborative, highly-motivated individual who shares our passion, has a positive attitude and strong communication skills to join our high-performing team as the Pricing Actuary.

The Pricing Actuary role will be responsible for stewardship and maintenance of all Life and Health pricing models, assumptions, documentation, financial and actuarial support and analysis.

This role's success will depend on building relationships with key leaders throughout Product and Corporate which include underwriters, product managers, marketing, Chief Actuary, IT, Operations, valuation and financial actuaries. These relationships will be essential to influence the decision-making process, assumption setting, analyzing and interpreting financial results, as well as communicating conclusions of analysis that will help to achieve the company's growth targets.
 

Pricing Actuary:

Helps implement solutions by reviewing data, determining the requirements of a project or program, and communicating them clearly to stakeholders, facilitators and partners. They assist with the business case, organizing requirements, translating and simplifying requirements, and requirements analysis. Analysts may also use requirements to drive the design or review of test cases, process change requests, and manage a project’s scope, acceptance, installation and deployment.

Framework General Profile and Scope:

• Requires specialized depth and/or breadth of expertise.
• May lead teams or projects with moderate resource requirements, risk, and/or complexity.
• Interprets internal or external business issues and recommends best practices.
• Solves complex problems, taking a broad perspective to identify innovative solutions where change is needed.
• Works independently, with guidance in only the most complex situations.

Competencies:

• Understanding the Business
  • Business Acumen
  • Functional/Technical Skills
• Organizational Positioning Skills
  • Comfort around Higher Management
  • Presentation Skills
  • Written Communication
• Making Complex Decisions in an Unstructured Environment
  • Dealing with Ambiguity
  • Decision Quality
  • Intellectual Horsepower & Agility
  • Perspective
  • Problem Solving
     

Job Responsibilities:

• Sets expectations for actuarial model capabilities, identify model data needs and available sources.
• Set assumptions and oversees pricing studies, rate filings, analyze and interpret financial results, communicate to product leadership.
• Develop new & creative solutions to actuarial issues.
• Conduct independent analysis and draw conclusions & make recommendations.
• Serve as actuarial viewpoint expert in a wide variety of actuarial subjects, and in company, industry and regulatory practices.
• Provide effective interaction with leadership of underwriting, claims and other units as required by particular project.