Product Actuary, Life & Annuity

Responsibilities

• Serve as the subject-matter expert on actuarial and calculation logic for illustrations and policy administration.
• Translate life insurance and annuity product specifications into implementable system logic, including crediting mechanisms, rider mechanics and charges, benefit base calculations, surrender charge schedules, and other product features.
• Use AI tools to prototype, code, and test calculation logic.
• Support migrations of legacy in-force blocks to Bestow’s platform, ensuring original calculation logic is accurately carried forward.
• Validate that system behavior reflects product intent and resolve discrepancies between actuarial specifications and implementation.
• Support User Acceptance Testing for product implementations and platform enhancements.
• Document product calculation methodologies, business rules, and implementation decisions.
• Partner with carrier and vendor implementation teams to onboard products and features.

Requirements

• 8+ years of life insurance industry experience; annuity experience is strongly preferred.
• 3–5 years of hands-on experience building pricing models or implementing illustration and policy administration systems at a carrier, vendor, or insurtech.
• Deep knowledge of life and annuity products, including IUL, VUL, FIA, and complex riders, calculations, and transactions in illustration and policy administration systems.
• Experience connecting actuarial calculations to policy administration workflows and downstream usage.
• Strong written communication skills, with the ability to create clear documentation for technical and non-technical audiences.
• Comfort building processes and making judgment calls in a fast-moving environment.

Nice-to-haves

• Experience with agentic coding tools and workflows.
• Experience supporting policy migrations or legacy block conversions, including data reconciliation, legacy calculation validation, and source-to-target testing.
• Actuarial credentials such as ASA or FSA, or equivalent technical depth in life insurance product mathematics.

Compensation and Benefits

• Competitive salary and equity based on role.
• Flexible paid time off and parental leave programs.
• 100% paid-premium option for medical, dental, and vision insurance.
• Lifestyle stipend supporting physical, emotional, and financial wellbeing.
• Flexible work-from-home policy.
• Remote work options and access to an office in Dallas’ Deep Ellum.