Director -- Individual Life Actuarial Design

Location NC, United States
Experience level Experienced Hire
Job details sector Life & Savings Insurance
Apply before Date not available

This role will lead AXA's Individual Life Insurance Actuarial Design team as we look to develop new products and enhance current products to satisfy the needs of our customers and to grow our business. 

AXA Equitable's Life Product Development team is investing in a new Actuarial Design team tasked with helping to drive the creation of new Individual Life Insurance products and enhancements that will better serve the needs of our customers and distributors.  Working alongside Life product experts in our Market Strategy team, this team will contribute to the creation and analysis of these new ideas for growth while assessing financial, operational and regulatory risk. 

New Product ideas require an approved business case prior to implementation.  Members of the Actuarial Design team efficiently structure and vet new product or process ideas to answer the question "will it work?"  This role requires strong, conceptual thinkers with the ability to understand market objectives and envision product designs that maximize value, minimize cost / risk while meeting regulatory and operational constraints.  The Actuarial Design team is expected to provide reasonable initial assessment of profit results at key ages along with a rough sketch of product specifications as part of the submitted Business Case. 

The Actuarial Design team will work closely with the Individual Life Pricing Team to understand and operate within the AXA Equitable pricing framework and financial objectives.  The teams will also collaborate as appropriate on expansion of analyses toward the full pricing and implementation of approved Product Initiatives.

Key responsibilities include:
• Guide a team of 2 product design actuaries
• Partner with the Pricing team to create working models for quick high-level initial profit/risk assessment
• Understand Operational and Regulatory constraints
• Create initial cost-benefit analyses


• In-depth knowledge of topics in the actuarial field, or an actuarial related field in finance
• Career ASA or nearly qualified FSA with at least 5 years of actuarial experience
• Software skills including MS Office/Excel/VBA.  Additional computer programming knowledge including familiarity with Life Insurance pricing software (e.g. AXIS) is a plus
• Flexibility to adapt to dynamic projects
• Solid interpersonal/relationship management/communication skills – the ability to foster good working relationships with business partners is needed to gather required data and analyses

Preferred
 • Individual Life Insurance experience with knowledge and understanding of:
o Profitability and Risk impacts
o Product implementation lifecycle (design, specs, testing, etc.)
o Regulatory requirements (filing, admin)
o Policy administration
o Underwriting and New Business processing
• Ability to think outside the box with ability to get to "Win/Win" solutions to complex problems
• Strong leadership skills in team building and communication



Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things.
 
In a fast-evolving world and with a presence in 64 countries, our 166,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 103 million customers.

We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.
 
As an employer AXA is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. AXA US has been recognized and certified as a great place to work by the Great Place to Work Institute.
 
We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave AXA.  Almost 40% of our open jobs are filled with current employees.


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NOTE: AXA participates in the E-Verify program.
 
In addition to competitive compensation and an outstanding benefits package including 401 (k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.
 
AXA is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.

 

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