Job Description

Key responsibilities / accountabilities

• Support pricing actuaries in the production of deliverables for product initiatives in partnership with Product Management
• Understand how pricing models work and detect potential model errors, including the impact of changing assumptions or inputs on the output of the model
• Become familiar with Moody’s AXIS software to support development of high quality pricing models
• Follow pricing guidelines, standards, and policies while supporting development of pricing assumptions and production of cash flow projections, profit metrics, and other model output
• Contribute written content to product reports and continue to build knowledge and expertise in preparation for presenting pricing analysis to Actuarial Advisory Group
• Provide visibility to pricing actuaries on opportunities to improve existing processes or risks associated with work being performed
• Support the production of performance monitoring and planning deliverables such as Value of New Business reporting and the New Business Plan models.
• Identify opportunities to improve the structure or maintenance of pricing infrastructure such as models, reports, documentation, and spreadsheets
• Includes automation, auditability, and compliance with policies and standards
• Develop understanding of how the Product Actuarial team interacts with other Foresters departments such as Corporate Actuarial, Risk Management, Finance, Planning, Sales, IT, and Product Management
• Communicate results of pricing analysis to fellow team members and other actuarial professionals within Foresters

Key qualifications / competencies

LI-Hybrid