Associate Actuary - Pricing

Job DescriptionJob Description Committed to providing life insurance solutions since 1969 in the United States and globally since 1975, Citizens, Inc. is a publicly traded company (NYSE: CIA) that has maintained a listing on the New York Stock Exchange since 2002. Operating through our insurance subsidiaries, we strategically offer traditional insurance products in niche markets to capitalize on competitive advantages. With a dedicated team of employees located in Austin, Louisiana and a global network of agents, our reach extends to Latin America, Central America, and Asia. THE OPPORTUNITY Title: Associate Actuary Job Type : Full-time Exempt Location : Austin, TX (Corporate Headquarters located in the Domain) In Office/Remote/Hybrid At Citizens, Inc., we've curated an exceptional work environment that goes beyond the ordinary. Our open-plan workspace offers panoramic views of the Domain with multiple conference rooms readily available. Start your day with complimentary coffee in our large break area, enjoy walks on the scenic trails nearby, or hit our onsite gym. Our Lunch Drop service provides the luxury of delivering delicious meals directly to our suite for a stress-free lunch break. For financial needs, the onsite bank is at your service. Furthermore, enjoy the convenience of free covered parking in our garage, featuring charging stations for electric vehicles. Participate in our various monthly employee events designed to enhance our cultural engagement. At Citizens Inc., we prioritize strong employee involvement to foster a dynamic workplace culture. Elevate your career with us, where your workplace is more than just an office; it's a destination for growth, innovation, and a flourishing community. Summary: We are seeking an Associate Actuary with a strong background in pricing analysis and model development. This role supports the design and implementation of pricing strategies that ensure profitability and competitiveness across our product portfolio. The Associate Actuary works under limited supervision and relies on experience and judgment to plan and accomplish goals. This role carries significant authority on assignments that involve higher technical complexity and variety. The position requires expert skills in working with internal and external data sources and advanced spreadsheet applications and modeling platforms. To support continued career progression, maintaining eligibility in the Actuarial Student Program and ongoing work toward attaining Fellowship is expected. WHAT YOU WILL GET TO DO Core Responsibilities Participates in large-scale department projects, including product development, modeling, regulatory compliance, and modernization initiatives. Provides clear, data-driven actuarial analyses and communicates insights effectively to cross-functional teams, ensuring timely and accurate support for decision-making across product, finance, and operations. May serve as a project lead on actuarial studies and product development initiatives. Performs other duties as assigned. Product Development & Modeling Support actuarial analyses to support pricing strategy, experience monitoring, and product performance evaluation. Contributes to the development and maintain of pricing models and methodologies for new and existing products. Analyze the results from experience studies and identify the trends to support pricing decisions. Identifies opportunities to automate processes and expand modeling capabilities and works with the team to implement these enhancements. Assists with periodic experience studies and annual assumption updates, including implementation and audit of changes within actuarial models. Ensures adherence to model risk management standards, including thorough documentation and testing. Maintains comprehensive documentation of actuarial analysis and ensures the effectiveness and efficiency of internal control processes to support audit readiness. Financial Reporting & Compliance Compiles, consolidates, and analyzes actuarial data to produce financial reports in compliance with Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (SAP). Maintains awareness of emerging issues impacting existing or new product lines and applies in-depth knowledge of GAAP, Statutory, and Tax reporting requirements to ensure compliance with current and evolving standards. Reviews and analyzes reserves and non-forfeiture values for new and existing products. <