Actuarial Consultant - Annuity Pricing (Hybrid)

Position Overview

This position will provide expertise in the pricing of annuity products. You will play a critical part in developing competitive and profitable annuity products that align with Securian's strategy, regulatory requirements, and evolving market demands. The ideal candidate has deep expertise in fixed, indexed, and variable annuities, and excels in modeling, risk assessment, and cross-functional collaboration.

Responsibilities include but not limited to :

Lead end-to-end pricing and profitability analysis for the Individual Annuity product line, including a wide array of fixed, variable, and indexed products.

Design and maintain actuarial models using Prophet.

Collaborate with product development, finance, valuation, risk management, and compliance teams to ensure alignment and feasibility of pricing assumptions and strategies.

Develop and document pricing assumptions based on experience studies, market research, and company benchmarks.

Perform sensitivity and scenario testing to assess pricing robustness under different economic conditions.

Ensure compliance with regulatory and accounting standards including Statutory, GAAP, and RBC frameworks.

Present pricing recommendations, strategies, and results to senior leadership.

Mentor and review the work of junior actuaries and analysts on the pricing team.

Monitor product performance post-launch and recommend repricing or modifications as needed.

Qualifications

ASA designation, FSA preferred

Minimum of 5 years of actuarial experience, including at least 3 years in annuity pricing or product development.

Strong background in indexed products such as RILA or FIA preferred.

Strong command of actuarial modeling software, preferably Prophet.

Proficiency in programming languages such as R, Python, or VBA is a plus.

Proven ability to manage multiple projects and deliver results under tight deadlines

Excellent communication skills with the ability to explain complex actuarial concepts to non-technical stakeholders.

Understanding of appropriate balance between market competitive position, regulatory constraints, profitability, investment guidelines, and risk appetite

Self-motivated and flexible; ability to work independently and as part of a team

#LI-hybrid

• 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 :

$84,000.00 - $155,000.00

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 member of the Securian Financial Talent Acquisition team.

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 :

Paid time off :

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).

To view our privacy statement click here

To view our legal statement click here