Actuary developing pricing strategies and supporting insurance product development at Guardian. Collaborating across teams to enhance equity hedging and annuity pricing processes.
Responsibilities
Support existing annuity pricing processes as well as new product development initiatives, or enhancements to existing models or offerings with focus on products that include financial derivatives
Create trade instructions for the trading team concerning all equity hedging programs
Monitor, analyze and improve equity hedging strategies for RILA and FIA insurance products
Design, develop and maintain tools and systems to execute the equity hedging and NGE processes in a highly automated fashion
Develop recommendations for Non-Guaranteed Elements (NGE, mostly renewal rates) of annuity and life insurance products and present them to senior leaders
Perform ad hoc analysis related to equity hedging and NGE and communicate to senior leadership
Design, develop, and support in-house IT system to calculate segment interim value of the Guardian RILA product
Requirements
Recent FSA designation from the Society of Actuaries
5+ years of relevant experience preferably in areas such as hedging, pricing, Economic Capital or Cash Flow Testing modeling and reporting
Ability to design and program technical solutions
Knowledge of financial derivatives and hedging a plus
Experience with Python and VBA a plus
Experience with asset and/or liability modeling on any modeling platform a plus
Excellent analytical, problem-solving, and communication skills
Knowledge of individual or group annuity products, such as Registered Index Linked Annuities, Fixed Index Annuities and other individual or group in-plan annuity solutions, a plus
Ability to work independently and lead multiple projects in a collaborative team environment
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