Director, Actuary (Pricing)
Kuvare, Cedar Rapids, IA, United States
About Kuvare
Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.
Kuvare family of companies
Retail Annuity and Life Insurance Solutions:
United Life Insurance Company
Guaranty Income Life Insurance Company
Lincoln Benefit Life
Institutional Insurance:
Kuvare Life Re
Bespoke Insurance Solutions:
Ignite Partners
About the role Actuarial Directors are part of the Actuarial team. The team covers an array of specialties including Pricing and Product Development, Life and Annuity Valuation, Modeling and Forecasting, Product Management, Asset Liability Management, and Enterprise Risk Management. The Actuarial team hopes to continue to develop Fellows in the Society of Actuaries. As a director, it can be expected to have an area of specialization but will also have opportunities to work across specialty areas. This recognizes that development does not end with attainment of Fellowship.
What you’ll do As a Director on the Actuarial team, your day-to-day activities will be dependent on the function you are supporting and are expected to change throughout your employment, although such changes may be separated by several years.
We are seeking to add a Director to support Pricing and Product Development. The director will be responsible for the development, pricing, and implementation of innovative Fixed Indexed Annuity (FIA), Multi-Year Guaranteed Annuity, and Life products.
The ideal candidate combines annuity/life product expertise with strong analytical skills and the ability to collaborate across actuarial, investments, distribution, compliance, and operations teams to bring competitive products to market.
Pricing and Product Development
Design and evolve products that are competitive scalable and distribution-friendly
Develop crediting strategies, product and rider structures that balance consumer value and company profitability
Lead creation of required memos, pricing book, and sensitivities for all new products
Collaborate with actuarial, finance and investment teams on assumptions, hedging considerations and capital efficiency.
Support Reinsurance efforts for risk sharing, analysis of existing and potential treaties, developing relationships with counterparts at reinsurers
Translate product designs into clear specifications for illustration systems, admin platforms and operations
Coordinate state filing requirements, supporting the development on contract language and handling state product objections
Ensure product designs align with company risk appetite, regulatory requirements and reserving considerations
Present and gain approval of new products in governance committees and approval processes
Qualifications Experience
BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
FSA designation or near FSA designation
A minimum of 8 years of relevant full-time insurance actuarial experience is expected.
Extensive knowledge of FIAs, MYGAs, and Life products
Experience working cross-functionally with actuarial, investments, and distribution
Skills/Competencies
Strong understanding of annuity profitability drivers
Strong analytical and problem-solving skills
Strong business and collaboration skills Proficiency in MS Office (Excel, Access, Word, PPT)
Excellent communication skills, able to translate technical concepts for all stakeholders
Flexible can-do attitude
Passion to learn new things and design new solutions
Demonstrated ability with Actuarial software is a plus (e.g., AXIS, MG-ALFA, ARCVal)
AXIS skills strongly preferred
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Kuvare family of companies
Retail Annuity and Life Insurance Solutions:
United Life Insurance Company
Guaranty Income Life Insurance Company
Lincoln Benefit Life
Institutional Insurance:
Kuvare Life Re
Bespoke Insurance Solutions:
Ignite Partners
About the role Actuarial Directors are part of the Actuarial team. The team covers an array of specialties including Pricing and Product Development, Life and Annuity Valuation, Modeling and Forecasting, Product Management, Asset Liability Management, and Enterprise Risk Management. The Actuarial team hopes to continue to develop Fellows in the Society of Actuaries. As a director, it can be expected to have an area of specialization but will also have opportunities to work across specialty areas. This recognizes that development does not end with attainment of Fellowship.
What you’ll do As a Director on the Actuarial team, your day-to-day activities will be dependent on the function you are supporting and are expected to change throughout your employment, although such changes may be separated by several years.
We are seeking to add a Director to support Pricing and Product Development. The director will be responsible for the development, pricing, and implementation of innovative Fixed Indexed Annuity (FIA), Multi-Year Guaranteed Annuity, and Life products.
The ideal candidate combines annuity/life product expertise with strong analytical skills and the ability to collaborate across actuarial, investments, distribution, compliance, and operations teams to bring competitive products to market.
Pricing and Product Development
Design and evolve products that are competitive scalable and distribution-friendly
Develop crediting strategies, product and rider structures that balance consumer value and company profitability
Lead creation of required memos, pricing book, and sensitivities for all new products
Collaborate with actuarial, finance and investment teams on assumptions, hedging considerations and capital efficiency.
Support Reinsurance efforts for risk sharing, analysis of existing and potential treaties, developing relationships with counterparts at reinsurers
Translate product designs into clear specifications for illustration systems, admin platforms and operations
Coordinate state filing requirements, supporting the development on contract language and handling state product objections
Ensure product designs align with company risk appetite, regulatory requirements and reserving considerations
Present and gain approval of new products in governance committees and approval processes
Qualifications Experience
BS in Actuarial Science, Mathematics, Finance, Statistics, or related area
FSA designation or near FSA designation
A minimum of 8 years of relevant full-time insurance actuarial experience is expected.
Extensive knowledge of FIAs, MYGAs, and Life products
Experience working cross-functionally with actuarial, investments, and distribution
Skills/Competencies
Strong understanding of annuity profitability drivers
Strong analytical and problem-solving skills
Strong business and collaboration skills Proficiency in MS Office (Excel, Access, Word, PPT)
Excellent communication skills, able to translate technical concepts for all stakeholders
Flexible can-do attitude
Passion to learn new things and design new solutions
Demonstrated ability with Actuarial software is a plus (e.g., AXIS, MG-ALFA, ARCVal)
AXIS skills strongly preferred
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