Top rated Life Insurance company is looking to develop its presence in the US Retirement Solutions space.  This new role will be responsible for developing, launching and managing new retirement income / DC annuity products, working closely with the US DC investment team. The candidate will be part of a team striving to create transparent, value adding solutions that enable individuals to achieve a more secure retirement.  The position will report to the US Head of Distribution and Retirement Solutions.

Responsibilities:

Product development:

Design individual annuity products and features, with a particular focus on fixed-indexed-annuities, single-premium immediate annuities(SPIAs), and deferred income annuities(DIAs)

Demonstrate compliance with non-forfeiture and other pertinent regulations

Pricing/Investments:

Develop longevity, credit, and investment assumptions

Build capital and pricing models, covering IFRS, statutory, and economic capital

Design investment strategy and pricing portfolios for retirement income/DC annuities

Distribution:

Develop retirement income / DC distribution channels and relationships

Design policyholder, advisor, and agent communication documents

Financial reporting:

Develop statutory, IFRS, and tax reserving methodologies for retirement income/DC annuities

Design reinsurance structures to support product, if needed

Develop and execute dynamic and/or static hedge program for retirement income/DC

Legal:

Develop legal opinions supporting annuity products working with our legal team.

Governance:

Obtain regulatory and internal committee approvals for new products and pricing basis

Operations:

Define the operational requirements for products and work with the operations/technology team to develop the appropriate delivery strategy

Job Requirements

Education

College Degree (BA / BS) required

ASA/FSA or significant progression thereto

Experience/Knowledge

Practical knowledge of US retirement income/DC market, with a focus on annuity solutions

5-10 years of product development/pricing experience in the US Annuity Market, with an emphasis on Retirement Income / Defined Contribution