[Hiring] AVP, Annuity Pricing @Foresters Financial

Role Description

This role is responsible for leading the pricing, product development support, and profitability management of the company’s annuity product portfolio. This role provides strategic direction on pricing assumptions, product design, risk management, and capital optimization while ensuring alignment with corporate financial objectives and regulatory requirements. This role is also responsible for managing the relationship with reinsurers as it relates to annuities.

Qualifications

• Bachelor of Actuarial Science or Mathematics or equivalent
• Fellow of the Society of Actuaries (FSA)
• Chartered Enterprise Risk Analyst (CERA) designation
• 10+ years of actuarial experience with significant experience in annuity pricing
• Advanced proficiency in actuarial modeling tools (e.g. MG-ALFA, AXIS, or similar)
• Deep knowledge of fixed and fixed indexed annuity products
• Familiarity with hedging programs for fixed indexed annuities

Requirements

• Responsible for annuity pricing model validation, documentation, and model governance process
• Ensure compliance with actuarial standards of practice and internal controls
• Present pricing recommendations to senior leadership and product committees
• Manage reinsurance RFPs and ensure compliance with the terms of the reinsurance treaty on an ongoing basis
• Set best estimate assumptions for mortality, lapse, utilization, expenses, and investment returns
• Assess capital impacts under statutory and RBC frameworks
• Support asset-liability management and reinsurance optimization
• Lead a team of pricing actuaries and analysts as the annuity business grows

Benefits

• The actual base salary for this position will depend on several factors, including job-related skills, experience, and education.
• Eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.

Company Description

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [email protected] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.