Product Actuary, Life & Annuity

Bestow Inc.

Job Overview

Location

Remote, US

Job Type

Full-time

Full Job Description

📋 Description

• As a Product Actuary, Life & Annuity, you'll be part of the Insurance Product Team, working across Bestow's Software Product, Customer Experience, Data Science, User Experience, Actuarial, Legal/Compliance, Engineering, and Sales teams.
• This role sits alongside actuarial and insurance product professionals and requires the ability to translate complex actuarial mathematics into accurate, implementable system logic.
• Bestow is reimagining its illustration and policy administration capabilities, expanding full policy lifecycle support for complex life and annuity products.
• You'll be the go-to actuarial and calculation subject-matter expert for the team building these capabilities, working directly alongside our Engineering teams — including building prototypes using AI tools.
• This role reports to the Senior Actuary and is open to Dallas, TX, or Remote (US).
• Bestow is looking for a Product Actuary, L&A to contribute in the following ways:
• Serve as the go-to subject-matter expert on the actuarial and calculation logic behind illustrations and policy administration, supporting a team building these capabilities from scratch.
• Translate life insurance and annuity product specifications into implementable system logic for illustration and policy administration systems (e.g. covering crediting mechanisms, rider mechanics / charges, benefit base calculations, surrender charge schedules, and other product features), working closely with Engineering.
• Use AI tools to rapidly prototype, code, and test calculation logic.
• Support policy migrations (bringing legacy, in-force blocks including products sold decades ago onto Bestow’s platform) — ensuring original calculation logic carries through accurately, in addition to new business product implementations.
• Validate that system behavior accurately reflects product intent, pressure-testing actuarial specs against implementation and resolving discrepancies.
• Support User Acceptance Testing for product implementations and platform enhancements, including structured review of system outputs against expected results.
• Produce clear documentation of product calculation methodologies, business rules, and implementation decisions.
• Partner with carrier and vendor implementation teams to support the onboarding of new products and features.
• The ideal candidate will have 8+ years of life insurance industry experience; annuity experience is a strong plus.
• 3-5 years of hands-on experience building pricing models or implementing illustration and policy administration systems at a carrier, vendor, or insurtech — working directly with the software, its real-world nuances, and its edge cases.
• Deep product knowledge of life and annuity insurance products such as IUL, VUL, FIA, and complex riders, including calculations and transactions built out in illustration and policy administration systems.
• A track record of connecting actuarial calculations to how they actually function in policy admin workflows — not just the math, but how it's used downstream.
• Experience with agentic coding tools and workflows is a plus.
• Experience supporting policy migrations or legacy block conversions — reconciling data, validating legacy calculation logic, and testing source-to-target accuracy — is a strong plus.
• Actuarial background (ASA, FSA) is strongly preferred; candidates without formal credentials should have equivalent technical depth in life insurance product mathematics.
• Strong written communication skills, able to produce clear, precise documentation for technical and non-technical audiences.
• Comfortable building processes and making judgment calls from scratch in a fast-moving environment.

🎯 Requirements

• 8+ years of life insurance industry experience; annuity experience is a strong plus.
• 3-5 years of hands-on experience building pricing models or implementing illustration and policy administration systems at a carrier, vendor, or insurtech — working directly with the software, its real-world nuances, and its edge cases.
• Deep product knowledge of life and annuity insurance products such as IUL, VUL, FIA, and complex riders, including calculations and transactions built out in illustration and policy administration systems.

🏖️ Benefits

• Competitive salary and equity based on role.
• Policies and managers that support work/life balance, like our flexible paid time off and parental leave programs.
• 100% paid-premium option for medical, dental, and vision insurance.
• Lifestyle stipend to support your physical, emotional, and financial wellbeing.
• Flexible work-from-home policy and open to remote.
• Remote and WFH options, as well as a beautiful, state-of-the-art office in Dallas’ Deep Ellum, for those who prefer an office setting.
• Employee-led diversity, equity, and inclusion initiatives.

Skills & Technologies

Design

Remote

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Bestow Inc.

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About Bestow Inc.

Bestow is a Dallas-based insurtech company that builds digital infrastructure to help enterprises offer life insurance and other financial products. Its APIs and white-label platform let banks, fintechs, and consumer brands embed term-life coverage into their own customer journeys without underwriting delays or paper forms. Founded in 2016, Bestow uses predictive analytics and algorithmic underwriting to provide instant decisions and flexible coverage amounts, aiming to broaden access to affordable protection for middle-income families while helping partners generate new revenue streams.

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