Actuary – Model Development, Annuities

National Life Insurance•Addison, TX

2d•Onsite

About The Position

The Actuary builds, tests, and validates MG-ALFA models and reports to the Model Steward. The models support Asset Adequacy Testing, Asset/Liability Management, Statutory Forecasting, ORSA, VNB, and special projects. The role streamlines modeling functionality to enable efficient and reliable projections and requires detailed knowledge of MG-ALFA, statutory accounting, and GAAP accounting. This position currently follows an onsite schedule, with four days per week in the office on Monday through Thursday. The schedule and core days may change with advance notification and manager discretion. The position does not offer visa sponsorship.

Requirements

Bachelor's degree in Actuarial Science, Mathematics, Computer Science, Statistics, Economics, or a related field.
8 or more years of related work experience.
FSA or Career ASA professional designation.
5 or more years of modeling experience.
MG-ALFA expertise or experience with another modeling software.
Significant experience with annuities, including Fixed-Indexed Annuities.
Use approved AI tools appropriately, review and validate AI-generated content, and maintain accountability for work quality and accuracy.
Use AI responsibly in accordance with company policies on confidentiality, data privacy, security, compliance, retention, and intellectual property.

Nice To Haves

Advanced knowledge of statutory and GAAP accounting.
Experience with life insurance, including Indexed Universal Life.

Responsibilities

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