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Product Development Actuary - Life

Chicago, IL 60606

Posted: 10/12/2023 Category: Actuarial Science Job Number: 283128-1_1 Salary: $165,000-$200,000 + Bonus

Job Description

Title: Product Development Actuary - Life
Location: Chicago, IL (Hybrid) / Remote
Salary: $165,000 - $200,000 Base + Bonus

Actuarial Overview:
We are in search of a Senior-level Life Actuary to manage all aspects of our new and existing products, including Disability insurance. This role entails supervising the actuarial facets of our company's offerings, encompassing the development of new products and the profitability assessment of our current portfolio. Additionally, this individual will be responsible for fostering collaboration among different departments and will report directly to the Chief Actuary.

Actuarial Role & Requirements:
-Take the helm in leading actuarial participation across all product committees and play a vital role in the creation of customer-centric, innovative products.

-Guarantee that all products, whether new or existing, not only meet competitive benchmarks but also adhere to regulatory requirements and align with risk management objectives.

-Ensure that all products undergo proper filing, underwriting, and administration processes, maintaining fidelity to their designated pricing and design parameters.

-Possess an FSA or ASA certification from the Society of Actuaries, backed by a robust track record of at least 10 years in the field.

-Demonstrate expertise in Actuarial Modeling software, including ALFA, AXIS, or similar tools, enhancing efficiency and precision in actuarial tasks.

Smith Hanley Associates takes pride in being the premier recruiting agency serving the actuarial industry. For over 30 years, we have served both clients and candidates with specialization in analytics and actuarial science. For more information, please visit our website at

Meet Your Recruiter

Rory Hauser

After finishing his MBA at the John Welch College of Business, Rory joined Smith Hanley in 2015 to recruit in the actuarial and analytics space. He specializes in the placement of actuaries and statistical analytics candidates nationwide. 

Rory has over 15 years business experience in both recruiting and operations providing him the tools necessary to assist both clients and candidates. In his spare time Rory enjoys skiing, mountain biking, and fishing. 

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