At Legal & General America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live.  As a recognized market leader of term life insurance, we’re working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals, and challenging ourselves to achieve more.  We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

This role is an integral part of the pricing and product development team, ultimately responsible for evaluating, proposing, and implementing new product ideas and changes to existing products to ensure market competitiveness while meeting profit and risk requirements.

1. Product Development, Design, and Pricing
   1. Provide actuarial expertise to a cross-functional team responsible for evaluating and prototyping new product, capital management, and underwriting ideas.
   2. Lead pricing efforts on new and existing products while balancing competitiveness, profitability, and risk standards.
   3. Work closely with Product Performance and Product Development teams to develop and implement changes to pricing assumptions, models, and tools.
   4. Continuously evaluate and improve pricing process to optimize efficiency and accuracy.
   5. Develop and implement changes to pricing structure and algorithms (i.e. “smarter pricing”).
   6. Analyze and document financial impacts of any new products or product changes and communicate results to key stakeholders

2. Regulatory and Product Implementation Support
   17. Review, analyze the pricing impact of, and implement into the pricing models domestic and international regulatory capital and accounting regimes such as Solvency II, PBR, and IFRS-17.
   18. Work with a cross-functional team to develop or revise and file policy forms.
   19. Provide actuarial support for product filings, including the authoring of actuarial memorandums and guidance as to potential pricing impacts of any changes to the policy language.
   20. Collaborate with employees from across the organization to help bring products to market. Work may include development and review of marketing material, building and testing policy administration and sales illustration systems, and development of tools for use by other areas across the company.

3. Actuarial Pricing Assumption Review and Development
   1. Assist with the research, development, analysis, and proposal of assumptions for new products or product features, and prudent margins on experience-based assumptions for existing products
   2. Work with Data Science, Valuation, and Inforce Management teams to understand how emerging experience will impact new business pricing.

4. Actuarial Model Development and Maintenance
   1. Develop, utilize, and maintain actuarial models that comply with Legal & General’s Model Risk Control Framework.
   2. Implement, review, and document model and assumption changes.

5. Manage and Develop Staff
   1. Provide oversight, direction, and mentorship to junior staff members.

6. Ad hoc Projects and other duties as assigned.

Education

BS/BA Math/Statistics/Actuarial Science

ASA

Experience/Knowledge

5 or more years of experience in life insurance.

Skills

The ideal candidate will have strong critical thinking skills, be results oriented, and be driven to strive for continuous improvement.

The candidate must have the ability to communicate complex financial issues to both technical and non-technical audiences.

Significant experience with MG-ALFA or similar actuarial software is highly preferred.

Excellent communication skills, written and oral.

What’s in it for you?

The expected hiring compensation range for this position is $107,800 - $148,200 annually. This is a remote opportunity operating on EST.

The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses.  This role is eligible to participate in the Legal & General America Annual Incentive Plan. The current target payment for the position is 20% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date.  This role has 20 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year.

We have a competitive compensation and benefits package focused on your overall wellbeing.  Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; generous time off; and wellbeing initiatives throughout the year (we like doing fun stuff).  We’re big on professional development and we’ll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We value our teams and our communities and believe in giving back. Enjoy time off to volunteer for those causes that matter most to you!

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. The Company reserves the right to change benefits plans at any time.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.