Eagan Insurance is dedicated to offering specialized, client-focused insurance solutions, including a broad range of life insurance products. Our expertise in insurance consulting is grounded in a deep understanding of actuarial science, risk management, and tailored client service. We are seeking an experienced Life Insurance Actuary to help develop, evaluate, and price life insurance products that meet clients' unique needs.

Position Summary:
The Life Insurance Actuary will play a key role in pricing, reserving, and analyzing life insurance products. This position requires a strong analytical mindset, actuarial expertise, and experience in life insurance product management. You will contribute to the company's mission by conducting in-depth risk assessments, developing pricing models, and supporting regulatory compliance.

Key Responsibilities:

1. Product Design and Pricing: * Develop and refine life insurance products, ensuring they meet both client needs and company objectives. * Conduct pricing studies and create pricing models, factoring in mortality rates, lapse rates, and interest assumptions.
2. Financial Reporting and Analysis: * Conduct cash flow analysis and prepare financial projections to assess the performance of life insurance products. * Prepare reports on reserve requirements, ensuring they align with regulatory standards and best practices.
3. Risk Assessment & Reserve Management: * Analyze mortality, morbidity, and lapse data to assess risk and guide underwriting practices. * Calculate and manage reserves, adjusting models based on emerging data trends and actuarial assumptions.
4. Regulatory Compliance and Documentation: * Ensure all actuarial processes comply with industry standards and regulatory requirements. * Maintain up-to-date documentation for models, assumptions, and methodologies used in life insurance product development.
5. Data Modeling and Actuarial Research: * Use actuarial software to model risks, simulate outcomes, and project financial results. * Stay current with actuarial trends, data analytics techniques, and regulatory changes impacting life insurance products.
6. Collaboration and Stakeholder Communication: * Collaborate closely with underwriters, finance teams, and product development departments to align actuarial insights with business objectives. * Communicate complex actuarial findings to non-technical stakeholders and provide actionable recommendations.

Qualifications:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Actuarial certification (e.g., ASA, FSA) from a recognized actuarial organization.
• Minimum of 5 years of experience in life insurance actuarial work, with a strong background in pricing, reserving, and financial reporting.
• Proficiency in actuarial modeling software (e.g., Prophet, AXIS, ALFA) and data analysis tools.
• Solid understanding of regulatory requirements affecting life insurance products.
• Excellent analytical, organizational, and communication skills.
• Ability to work independently as well as collaboratively in a team-oriented environment.

Why Work with Eagan Insurance?

• Competitive salary and comprehensive benefits package.
• Supportive environment that values professional growth and continued learning.
• Opportunity to make an impact in a client-centered, innovative insurance firm.
• Collaborative culture with a focus on client satisfaction and high-quality service.