Talcott Financial Group
Head of Product & Pricing, Actuary
Talcott Financial Group, Charlotte, North Carolina, United States, 28245
Talcott Financial Group is an international life insurance group and the industry’s trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $120 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.Talcott Financial Group’s two core business platforms include:
U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re.
Overview:Talcott Financial Group is seeking a Head of Product & Pricing candidate to provide leadership and oversight of the actuarial functions related to annuity pricing and product development. This role will be in Hartford, Charlotte, or hybrid/remote. Travel opportunities are available.
Responsibilities:
Responsible for profitability, design, pricing, implementation and launch of new annuity products (FIA, MYGA and FA) and riders (GMWB).Oversee end-to-end actuarial product development and pricing annuity liabilities with a focus on building pricing/underwriting models for annuities and asset-intensive reinsurance products.Build new business models to report US Statutory, Economic Balance Sheet (EBS), and other reporting basis as required.Establish a pricing framework for presenting pricing metrics across products to inform leadership of profitability targets and risks associate with new business.Lead the illustration modeling of new business and support regulatory product filings.Collaborate with Corporate Development to develop new annuity product ideas, establish product priorities, and manage product mix.Partner with Modeling and Valuation to ensure a smooth transition of new business to financial reporting of existing business.Maintain an appropriate reporting oversight environment that includes recommending, implementing, and documenting enhancements of valuation methodology, assumptions, controls, and procedures.Actively participate in operational planning, strategic planning, and emerging financial reporting initiatives at the TFG level.Assist in the onboarding of new transactions, including establishing reinsurance settlements and reporting, and setting policies and controls.Foster collaboration between Actuarial and other key business partners including Corporate Development, Enterprise Risk Management, Finance, and ALM.Recruit, develop, lead, and mentor junior actuaries and other team members.Take initiative to gain deeper understanding of TFG’s target products, industry trends, and regulatory landscape to help guide decision making and strategic initiatives.Establish and maintain good working relationships with auditors, regulators and other external parties, including being an effective advocate for TFG and representing TFG in industry groups and events.Fulfill other roles and responsibilities as required to support the growth and evolution of overall enterprise and execution of key priorities.Qualifications:Bachelor's degree in mathematics, statistics, actuarial science, or related fieldFellow of the Society of Actuaries (FSA)Minimum of 10 years work experience in insurance or finance, with expertise in pricing, product development, and modeling.Deep knowledge on Fixed Indexed Annuity is strongly preferred.Strong technical skills and attention to detail for the purposes of reviewing model results, improving processes, and solving complex problems.Excellent communication and interpersonal skills, with the ability to collaborate with various stakeholders at all levels within the organization as well as external partners.Understand interdependencies and workflow between functions and geographies within a group framework.Self-reliant and capable of quickly learning new concepts, thinking creatively and critically, agile and adaptable to changing needs and challenges of a fast-paced company.Results-oriented and able to work under tight deadlines in a high-performance environment.Ability to travel when required.
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U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re.
Overview:Talcott Financial Group is seeking a Head of Product & Pricing candidate to provide leadership and oversight of the actuarial functions related to annuity pricing and product development. This role will be in Hartford, Charlotte, or hybrid/remote. Travel opportunities are available.
Responsibilities:
Responsible for profitability, design, pricing, implementation and launch of new annuity products (FIA, MYGA and FA) and riders (GMWB).Oversee end-to-end actuarial product development and pricing annuity liabilities with a focus on building pricing/underwriting models for annuities and asset-intensive reinsurance products.Build new business models to report US Statutory, Economic Balance Sheet (EBS), and other reporting basis as required.Establish a pricing framework for presenting pricing metrics across products to inform leadership of profitability targets and risks associate with new business.Lead the illustration modeling of new business and support regulatory product filings.Collaborate with Corporate Development to develop new annuity product ideas, establish product priorities, and manage product mix.Partner with Modeling and Valuation to ensure a smooth transition of new business to financial reporting of existing business.Maintain an appropriate reporting oversight environment that includes recommending, implementing, and documenting enhancements of valuation methodology, assumptions, controls, and procedures.Actively participate in operational planning, strategic planning, and emerging financial reporting initiatives at the TFG level.Assist in the onboarding of new transactions, including establishing reinsurance settlements and reporting, and setting policies and controls.Foster collaboration between Actuarial and other key business partners including Corporate Development, Enterprise Risk Management, Finance, and ALM.Recruit, develop, lead, and mentor junior actuaries and other team members.Take initiative to gain deeper understanding of TFG’s target products, industry trends, and regulatory landscape to help guide decision making and strategic initiatives.Establish and maintain good working relationships with auditors, regulators and other external parties, including being an effective advocate for TFG and representing TFG in industry groups and events.Fulfill other roles and responsibilities as required to support the growth and evolution of overall enterprise and execution of key priorities.Qualifications:Bachelor's degree in mathematics, statistics, actuarial science, or related fieldFellow of the Society of Actuaries (FSA)Minimum of 10 years work experience in insurance or finance, with expertise in pricing, product development, and modeling.Deep knowledge on Fixed Indexed Annuity is strongly preferred.Strong technical skills and attention to detail for the purposes of reviewing model results, improving processes, and solving complex problems.Excellent communication and interpersonal skills, with the ability to collaborate with various stakeholders at all levels within the organization as well as external partners.Understand interdependencies and workflow between functions and geographies within a group framework.Self-reliant and capable of quickly learning new concepts, thinking creatively and critically, agile and adaptable to changing needs and challenges of a fast-paced company.Results-oriented and able to work under tight deadlines in a high-performance environment.Ability to travel when required.
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