- At Securian Financial the internal position title is Actuarial Sr Con or Actuarial Consultant. The title and salary will be determined based on experience and applied skills.*
Position Overview
The Actuarial Senior Consultant-Annuity Products will provide leadership and expertise in the design, pricing, and implementation of annuity products. You will collaborate with key partners within Individual Solutions as well as across the enterprise to ensure transparency and awareness of the impact of product management actions on sales, earnings, capital, investment strategy, ALM, and enterprise risk appetite. You will create and maintain competitive products that assist customers in achieving financial planning and retirement goals within Securian’s risk appetite.
Responsibilities Include But Not Limited To
- Lead product development initiatives and ideation for the Individual Annuity product line, including a wide array of fixed, variable, and indexed products
- Lead product management activities including pricing updates, ongoing rate setting, new business modeling, and inforce monitoring
- Manage both asset and liability assumptions of annuity products, utilizing experience studies, inforce projection models, and investment strategy optimization work
- Leverage industry knowledge and enterprise partnerships to make informed recommendations regarding Individual Annuity product strategies
- Provide work direction for product pricing efforts and make recommendations that consider the optimal balance between competitiveness and enterprise risk and return objectives
- Collaborate across the organization to oversee project planning and implementation of new product solutions and changes to existing product suite, including coordination of distribution, marketing, actuarial, and operational resources to successfully launch new products
- Provide complex and thorough analysis and recommendations to management in connection with our annuity product strategy
Qualifications
- FSA preferred
- Knowledge of Individual Annuities and/or Life Insurance
- Strong background in indexed products such as RILA or FIA preferred
- Ability to lead complex projects and provide thought leadership to product development initiatives
- Strong analytical and problem-solving skills along with curiosity and initiative necessary to analyze product designs, risk, and other project results
- Written, oral, and interpersonal communication skills to effectively interact with management, actuarial, distribution, asset management, and others
- Understanding of appropriate balance between market competitive position, regulatory constraints, system capabilities, profitability, investment guidelines, and risk appetite
- Self-motivated and flexible; ability to work independently and as part of a team
- Ability to operate effectively with ambiguity, including situations where no previous groundwork is established
#PIQ
**This position will be in a hybrid working arrangement.**
Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. If you’re in a commutable distance (90 minutes), you’ll join us 3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.
The Estimated Base Pay Range For This Job Is
$105,000.00 - $196,000.00
Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a with a member of the Securian Financial Talent Acquisition team.
Paid Time Off
Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job – it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:
- We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what’s important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.
- Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
- Holidays: Securian provides nine company paid holidays.
Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.
Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.
Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.
Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:
- Mental Wellness and Disability
- Pride at Securian Financial
- Securian Young Professionals Network
- Securian Multicultural Network
- Securian Women and Allies Network
- Servicemember Associate Resource Group
For more information regarding Securian’s benefits, please review our Benefits page.
This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.
Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at Employment@Securian.com, by telephone 651-655-5522 (voice), or 711 (Relay/TTY).
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