Capgemini - Seattle, WA
posted 27 days ago
Full-time - Mid Level
Seattle, WA
10,001+ employees
Professional, Scientific, and Technical Services
About the position
Capgemini is seeking a highly motivated and detail-oriented Life Insurance Actuary to join our team to work for a top 10 US Insurance Carrier. The Lead Actuarial and Pricing Analyst will focus on developing and maintaining pricing models for life insurance products, supporting the implementation of new life insurance offerings, and providing technical expertise for in-force life products. This role involves leading actuarial research, setting assumptions, and mentoring junior staff, offering growth opportunities in a dynamic and collaborative environment.
Responsibilities
- Initiates, analyzes, recommends and implements appropriate revisions in actuarial methods and assumptions in areas with significant financial impact.
- Works independently to develop and implement appropriate solutions to actuarial issues.
- Acts as project lead, assigning project work, managing workflow and providing feedback to management.
- Represents the Actuarial Department in inter-departmental meetings and committees.
- Prepares and interprets data and related formulae for management.
- Analyzes operations to recommend improvements for control and/or efficiency.
- Designs and conducts training and development of professional actuarial personnel.
- Leads company participation in external examinations by the I.R.S., state Insurance Departments, and internal audit committees.
- Coordinates with external experts and appropriate Home Office and Parent Company Departments on requests for information.
- Analyzes proposed and existing products, develops appropriate formulas, and directs the calculation of nonforfeiture values, premiums, commission rates, reserves, and proposal and disclosure values.
- Develops, extends, and maintains the profit study, reserve, and nonforfeiture value calculation programs.
- Directs the implementation of new products on administration and proposal systems.
- Directs audits of the plan description file and coordinates changes.
- Responsible for the timely and accurate delivery of actuarial portions of financial statements.
- Maintains actuarial valuation systems consistent with End-User computer standards.
- Collaborates with IT to ensure new processes and procedures are correctly reflected in the actuarial valuation systems.
- Provides system programming/data generation support to other actuaries and departments.
- Researches, analyzes and recommends necessary changes and additions to software as a result of capacity constraints and procedural or technological changes.
- Directs and analyzes actuarial research and experience studies and prepares reports to management.
- Directs the development of actuarial assumptions used in models for projecting future experience.
- Analyzes agent compensation systems and recommends changes to maintain profitability and competitiveness.
- Directs the preparation of reports and financial projections to provide management with information needed to monitor and evaluate the impact of business decisions on profits.
Requirements
- 3-5 years of experience in life insurance actuarial functions.
- Strong technical skills in actuarial analysis and pricing models.
- Progressing towards ASA/FSA certification.
Nice-to-haves
- Experience with regulatory compliance in the insurance industry.
- Familiarity with actuarial valuation systems and software.
Benefits
- Competitive salary and performance-based bonuses
- Comprehensive benefits package
- Career development and training opportunities
- Flexible work arrangements (remote and/or office-based)
- Dynamic and inclusive work culture
- Private Health Insurance
- Retirement Plans
- Paid Time Off
- Training & Development
