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Legal & General America Assistant Actuary, Product Development in Frederick, Maryland

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.

Product Development, Design, and Pricing

  • Provide and actuarial expertise to a cross-functional team responsible for evaluating and prototyping new product, capital management, and underwriting ideas.

  • Lead pricing efforts on new and existing products while balancing competitiveness, profitability, and risk standards.

  • Analyze and document financial impacts of any new products or product changes and communicate results to key stakeholder

Regulatory and Product Implementation Support

  • 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.

  • Work with a cross-functional team to develop or revise, and file policy forms.

  • 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.

  • 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.

  • Perform assumption review, analysis, and documentation for annual Illustration Actuary Testing for new and inforce products.

    Actuarial Pricing Assumption Review and Development

  • Assist with the research, development, analysis, and proposal of assumptions for new product or product features, and prudent margins on experience based assumptions for existing products

  • Work with Data Science, Valuation, and Inforce Management teams to understand how emerging experience will impact new business pricing

Actuarial Model Development and Maintenance

  • Develop, utilize, and maintain actuarial models that comply with Legal & General’s Model Risk Control Framework.

  • Implement, review, and document model and assumption changes.

Ad hoc Projects and other duties as assigned

Education

BS/BA Math/Statistics/Actuarial Science

ASA

Experience/Knowledge

5 or more years of experience

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 GGY Axis, MG-ALFA, or similar actuarial software is highly preferred

Excellent communication skills, written and oral.

Job Title (External Posting): Assistant Actuary, Product Development

Job ID: 2020-2403

External Company Name: Legal & General America

External Company URL: www.lgamerica.com

Street: 3275 Bennett Creek Ave

Telecommute: No

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