Senior Actuarial Product Development Manager

Job Description

We are looking for an Actuarial Product Development Manager to join our US Actuarial Library team, supporting the enhancement of the US libraries supplied with the FIS Insurance Risk Suite (Prophet) solution.

We sit at the forefront of the Insurance modelling industry and empower insurers and reinsurers around the world with the tools and services they need to reliably manage their risks. In the US Actuarial Library team, you will enhance the modelling capabilities in Prophet to meet customer needs around insurance product and regulatory developments affecting the US insurance industry.
Responsibilities in the role will include

Develop actuarial code provided with the US liability libraries, including life, annuity, and health products

Review peers’ actuarial code for accuracy and appropriateness
Ensure that product deliverables are suitable and well documented
Work closely with other actuarial teams to deliver holistic solutions
Perform work management for other actuarial staff

What you bring:

• Bachelor’s degree in Mathematics or science-based subject

• At least 5 years’ experience working in a life insurance department or consultancy

• Associate or Fellow of the Society of Actuaries, or Member of the American Academy of Actuaries

• Have used the Prophet system for a minimum of 5 years or will have demonstrably equivalent experience and will have been involved in key business projects using Prophet or other actuarial modelling platforms

• A background in insurance or financial services, and a general knowledge of the US insurance industry’s regulatory and reporting frameworks – US Statutory pre-PBR and PBR requirements, US GAAP pre-LDTI and LDTI requirements, US Tax reserves and Asset / liability management or cash flow testing

• A good working knowledge of Excel, Word, and PowerPoint

• Strong problem solving and analytic skills

Added bonus if you have:

• Familiarity with the US libraries supplied with Prophet, preferably the US 360 libraries

• Worked directly with numerous advanced Prophet modeling techniques: new business processing, calculation looping, rebasing, goal seeking, extended formulas, nested structures, modules, or dynamic and stochastic modelling

• Awareness of potential performance bottlenecks and solutions when designing models

• Technical knowledge of programming and systems development

• Technical knowledge of cloud infrastructure and technology

What we offer you:

• A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities

• A modern, international work environment and a dedicated and motivated team

• A competitive salary and benefits

• The chance to work on some of the most challenging, relevant issues in financial services & technology to help you grow your skillset

• Time to support charities and give back in your community

• A fantastic range of benefits designed to help support your lifestyle and wellbeing

• A work environment built on collaboration, flexibility and respect

FIS is committed to providing its employees with an exciting career opportunity and competitive compensation. The pay range for this full-time position is $163,310.00 - $274,380.00 and reflects the minimum and maximum target for new hire salaries for this position based on the posted role, level, and location. Within the range, actual individual starting pay is determined additional factors, including job-related skills, experience, and relevant education or training. Any changes in work location will also impact actual individual starting pay. Please consult with your recruiter about the specific salary range for your preferred location during the hiring process.

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EEOC Statement

FIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic information, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is available here supplement document available here

For positions located in the US, the following conditions apply. If you are made a conditional offer of employment, you will be required to undergo a drug test. ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.

Sourcing Model

Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.

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