Note: The job is a remote job and is open to candidates in USA. KKR is a leading global investment firm that offers alternative asset management and insurance solutions. The Senior Analyst, Annuity Product Development will be a key part of the Individual Market Team, responsible for developing and pricing new annuity products to achieve competitive advantage and support sales growth.
Responsibilities
- Perform timely research, development, and robust product pricing of new solutions
- Use MG-ALFA or other modeling actuarial projection software to develop disciplined, robust pricing models and risks analysis for new product design ideas and modifications to current products
- Effectively balance competitive and pricing objectives to achieve overall company objectives
- Implement best practices in pricing methods, automation, organization, and documentation to improve overall efficiency and quality of product development efforts
- Collaborate with the Product Implementation team during the implementation of new products
- Collaborate with the Pricing team to set rates on new products and effectively incorporate new products into the product management processes
- Support product development needs related to state & prospectus filing, admin system testing, operations, marketing, and sales illustration
- Communicate with peers in product, risk management, investments, marketing, legal & operations
- Support product approval by ensuring product risks are mitigated and documented
- Develop and maintain industry knowledge including economic, regulatory, and competitive environments to support development of new products
Skills
- Bachelor's degree (or higher) in Actuarial Science and two years of experience in the annuity/life insurance industry is preferred, product development experience a plus
- Successfully completed 2+ actuarial exams, Actuarial Mathematics exam(s) strongly preferred
- Prior experience with actuarial software considered a plus
- Prior annuity product development experience considered a plus
- Ownership - Takes personal accountability for the execution of their goals and objectives. Strong organization and delivery of results
- Innovative - Able to participate in the generation of new and unique ideas. Forward thinking and tenacious. Flexible in navigating changing business environments
- Analytical Skills - Possess strong analytical skills necessary to price products, ability to trouble-shoot and work to find solutions independently
- Communication - Able to communicate effectively – verbal, written and listening
- Teamwork - Has positive attitude necessary to be part of a strong performing team. Strong interpersonal skills for relationship building and engagement
- Must be able to travel occasionally to other offices (i.e. Des Moines, Hartford, New York, Wayne (PA))
Company Overview
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. It was founded in 1976, and is headquartered in Hudson, New York, USA, with a workforce of 1001-5000 employees. Its website is http://www.kkr.com.