Actuary – Model Development

National Life Insurance Company•Addison, TX

1d•Hybrid

About The Position

The Actuary will be responsible for building, testing, and validating MG-ALFA models and will report to the Model Steward. The model is used for Asset Adequacy Testing, Asset/Liability Management, Statutory Forecasting, ORSA, VNB, and to support various special project initiatives. The individual will streamline our modeling functionality to enable efficient and reliable projection capabilities. The Actuary is expected to have detailed knowledge of MG-ALFA, Statutory accounting, and GAAP accounting.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Computer Science, Statistics, Economics, or related field
FSA or Career ASA professional designation
8+ years of actuarial experience with 5+ years of modeling experience
MG-ALFA expertise or any modeling software
Significant experience with Annuities, including Fixed-Indexed Annuities or Life Insurance, including Indexed Universal Life

Nice To Haves

Advanced knowledge of Statutory and GAAP accounting preferred

Responsibilities

Ownership of all aspects of the technical functionality of MG-ALFA models
Develop and maintain model inputs, model interface, model reports, and database
Participate and provide thought leadership in model governance, assumption maintenance, and model change management, including User Acceptance Testing
Lead projects to implement new products, riders, and model functionality
Provide a validated and locked-down production model to end users on a quarterly basis
Partner with the IT department to identify and implement areas for automation and efficiency
Lead development of functionality related to ad-hoc projects and one-off requests, working closely with business partners to ensure appropriate usage of models for new contexts