Actuary - Annuity Product Development
Product Lead - MYGA & Fixed Indexed Annuities (FIA)
A fast-growing, technology-forward annuity carrier is building modern retirement solutions by combining fintech-style capabilities, deep insurance expertise, and strong partner ecosystems. This organization is known for a client-first culture and a digitally enabled service model that supports both policyholders and advisors with proactive, personalized, and compliant engagement.
Role Summary
The Product Lead will own end-to-end product strategy for MYGA and Fixed Indexed Annuities (including living benefit guarantees), while also serving as an interim senior relationship manager for key IMOs and distribution partners during a transition period. This is a leadership role that blends product ownership, actuarial rigor, and commercial partnership to drive competitive, compliant, and profitable annuity offerings.
Key Responsibilities
Product Strategy & Leadership
- Own the product vision, roadmap, and portfolio strategy for MYGA and FIA offerings
- Serve as the primary product decision-maker, balancing growth, competitiveness, risk, and capital efficiency
- Track market trends, competitor moves, and regulatory developments to inform strategy
- Advise executive leadership on product direction, prioritization, and tradeoffs
Product Development & Pricing Oversight
- Lead product initiatives from concept through launch, including:
- Incorporating market and distribution feedback into product design
- Defining features, positioning, and go-to-market readiness
- Setting pricing strategy, governing assumptions, and running scenario testing
- Driving profitability analysis across statutory, GAAP, and tax perspectives
- Oversee pricing models and infrastructure (e.g., SLOPE, Excel, Python) to support scalable execution
- Ensure product designs are marketable, operationally sound, and aligned with distribution needs
Cross-Functional Collaboration & Governance
- Lead actuarial input into product filings, including memoranda, rate submissions, and regulator/auditor responses
- Ensure adherence to actuarial standards and key regulatory requirements (e.g., VM-22) within internal governance
- Collaborate with marketing, distribution, finance, risk, ALM, and IT to ensure scalable product design and launch execution
- Provide product and actuarial leadership for technology delivery, including requirements definition, prioritization, validation, and implementation support
- Support system builds tied to product setup, pricing logic, illustrations, administration, and downstream reporting
- Contribute to reinsurance pricing/structuring and negotiations as needed
Portfolio Management & Performance Monitoring
- Monitor in-market performance, experience, and emerging trends against expectations
- Recommend pricing actions, inforce management strategies, and product adjustments as appropriate
- Oversee illustration governance, competitive intelligence, and inforce analytics
Team Development & Influence
- Mentor and guide actuarial and product team members; elevate best practices and decision frameworks
- Set clear priorities and operating rhythms for the product organization
- Translate complex technical topics into clear, executive-ready insights and recommendations
Required Qualifications
- FSA (or near-FSA) with deep annuity product pricing and development experience
- 7+ years of actuarial experience, including leadership responsibility
- Strong expertise in MYGA and Fixed Indexed Annuities (including living benefit guarantees)
- Demonstrated ability to lead cross-functional initiatives and engage credibly with distribution partners
- Advanced experience with actuarial modeling tools (SLOPE, Excel, Python)
- Strong understanding of valuation, capital, and regulatory requirements
- Proven ability to communicate technical concepts in business-oriented language
- Strong judgment, ownership mindset, and executive presence
FAQs
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