[Remote] Senior Analyst, Annuity Product Development
Note: The job is a remote job and is open to candidates in USA. KKR is a leading global investment firm that offers alternative asset management and insurance solutions. The Senior Analyst, Annuity Product Development will be a key part of the Individual Market Team, responsible for developing and pricing new annuity products to achieve competitive advantage and support sales growth.
Responsibilities
- Perform timely research, development, and robust product pricing of new solutions
- Use MG-ALFA or other modeling actuarial projection software to develop disciplined, robust pricing models and risks analysis for new product design ideas and modifications to current products
- Effectively balance competitive and pricing objectives to achieve overall company objectives
- Implement best practices in pricing methods, automation, organization, and documentation to improve overall efficiency and quality of product development efforts
- Collaborate with the Product Implementation team during the implementation of new products
- Collaborate with the Pricing team to set rates on new products and effectively incorporate new products into the product management processes
- Support product development needs related to state & prospectus filing, admin system testing, operations, marketing, and sales illustration
- Communicate with peers in product, risk management, investments, marketing, legal & operations
- Support product approval by ensuring product risks are mitigated and documented
- Develop and maintain industry knowledge including economic, regulatory, and competitive environments to support development of new products
Skills
- Bachelor's degree (or higher) in Actuarial Science and two years of experience in the annuity/life insurance industry is preferred, product development experience a plus
- Successfully completed 2+ actuarial exams, Actuarial Mathematics exam(s) strongly preferred
- Prior experience with actuarial software considered a plus
- Prior annuity product development experience considered a plus
- Ownership - Takes personal accountability for the execution of their goals and objectives. Strong organization and delivery of results
- Innovative - Able to participate in the generation of new and unique ideas. Forward thinking and tenacious. Flexible in navigating changing business environments
- Analytical Skills - Possess strong analytical skills necessary to price products, ability to trouble-shoot and work to find solutions independently
- Communication - Able to communicate effectively – verbal, written and listening
- Teamwork - Has positive attitude necessary to be part of a strong performing team. Strong interpersonal skills for relationship building and engagement
- Must be able to travel occasionally to other offices (i.e. Des Moines, Hartford, New York, Wayne (PA))
Company Overview