Product Actuary, Life & Annuity

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Bestow

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 2017

💼 Consulting

🏥 Healthcare

💳 Fintech

Consulting • Healthcare • Fintech

Bestow is a leading life insurance SaaS platform provider that offers innovative technology solutions for life and annuity insurance carriers. By providing tools such as digital applications, customizable underwriting engines, and comprehensive customer portals, Bestow helps streamline the entire insurance process from quoting to policy administration. The company focuses on enhancing the speed and efficiency of insurance operations, enabling carriers to launch new products swiftly and optimize their customer service capabilities.

📋 Description

• Serve as the go-to 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, and surrender charge schedules. • Work closely with Engineering on product and policy administration capabilities. • Use AI tools to rapidly prototype, code, and test calculation logic. • Support policy migrations and legacy in-force block conversions while preserving original calculation logic. • Validate system behavior against product intent and resolve discrepancies. • 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 new products and features. • Collaborate across Software Product, Customer Experience, Data Science, User Experience, Actuarial, Legal/Compliance, Engineering, and Sales teams. • Report to the Senior Actuary.

🎯 Requirements

• 8+ years of life insurance industry experience • 3–5 years of hands-on experience building pricing models or implementing illustration and policy administration systems • Experience working directly with insurance software, real-world nuances, and edge cases • Deep product knowledge of life and annuity products, including IUL, VUL, FIA, and complex riders • Knowledge of calculations and transactions implemented in illustration and policy administration systems • Ability to connect actuarial calculations to policy administration workflows and downstream usage • Experience with agentic coding tools and workflows is a plus • Experience supporting policy migrations or legacy block conversions is a strong plus • ASA or FSA actuarial credentials are strongly preferred; equivalent technical depth accepted for candidates without formal credentials • Strong written communication and documentation skills • Comfort building processes and making judgment calls in a fast-moving environment • Must reside in the contiguous 48 United States • Must address United States work authorization and visa sponsorship requirements

🏖️ Benefits

• Competitive salary and equity based on role • Flexible paid time off • 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 and WFH options • Access to a state-of-the-art Dallas office for those who prefer an office setting • Employee-led diversity, equity, and inclusion initiatives • Work/life balance support • Growth opportunities