Avp, Life Pricing And Advanced Analytics

Career Opportunity Role Title AVP, Life Pricing and Advanced Analytics
Purpose of role
The Assistant Vice President (AVP), Life Product Pricing and Advanced Analytics is responsible for leading the pricing and financial analysis of Foresters’ life insurance products across Canada and the U.S., ensuring products deliver competitive customer value while meeting the organization’s profitability, capital and risk objectives. The role will provide actuarial leadership for new product development and product changes, including the development of Index Universal Life (IUL) in the U.S.;
underwriting strategy and innovation;
and life reinsurance strategy and relationships. Reporting to the Chief Actuary, the AVP will work closely with Product, Underwriting, Distribution, Finance, Risk and other business partners to support informed product and business decisions.Job Description Key Responsibilities
Life Product Pricing Lead actuarial pricing and financial analysis for life insurance products across Canada and the U.S. Provide actuarial leadership for new product development and significant product changes, including the development and launch of Index Universal Life (IUL) in the U.S. Develop and evaluate pricing assumptions, profitability targets and appropriate sensitivities to support sound product decisions Assess emerging experience and business results and recommend pricing or product actions where appropriate Ensure pricing activities comply with applicable actuarial standards and Foresters’ product and actuarial governance requirementsUnderwriting & Advanced Analytics Partner with Underwriting and other business stakeholders on the development and evaluation of underwriting initiatives, including accelerated underwriting Apply actuarial analysis and advanced analytics to evaluate mortality, underwriting outcomes, risk selection and other drivers of product performance Translate emerging experience and analytical insights into actionable recommendations for pricing, underwriting and product strategy Support the development of appropriate frameworks for measuring the financial and risk impacts of changes to underwriting practicesReinsurance Strategy & Management Lead the actuarial evaluation of life reinsurance strategy, including the financial and risk implications of alternative structures Lead or support reinsurance negotiations in partnership with internal stakeholders Serve as a key relationship manager for Foresters’ life reinsurance partners Monitor reinsurance market developments and identify opportunities to improve financial outcomes, risk management and product competitivenessLeadership & Stakeholder Engagement Lead and develop a high-performing team of actuarial professionals Build strong partnerships across Product, Underwriting, Distribution, Finance, Risk and other business functions Communicate complex pricing, underwriting and reinsurance issues clearly to senior management and decision-making forums Provide actuarial insight and thought leadership on product strategy, emerging experience and industry developmentsKey Qualifications
Fellowship designation (FSA and/or FCIA) with 10+ years of relevant actuarial experienceStrong life insurance product pricing and development experience in Canada and/or the U.S.;
experience across both markets is an assetStrong understanding of life insurance product economics, profitability, capital and risk considerationsExperience with Universal Life and/or Index Universal Life would be a strong assetExperience with underwriting, mortality analysis, accelerated underwriting or related advanced analytics is highly desirableStrong understanding of life reinsurance structures and demonstrated experience working with reinsurersProven leadership experience with the ability to develop teams and influence across functionsStrong analytical and problem-solving skills, with the ability to make sound business decisions in complex situationsExcellent communication skills, including the ability to translate technical actuarial analysis into clear business recommendations for senior stakeholdersResults oriented, commercially minded and able to balance multiple priorities while maintaining a strong focus on quality and execution.#LI-HybridThe actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email View email address on ca.hrm.tc in advance of your appointment.Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.Foresters Financial is an international financial services provider with a unique history that began in 1874 when we set out to provide access to life insurance for average, working families. More than 150 years later, we provide life insurance, savings, retirement and investment solutions that help families achieve long-term financial health and security.
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