Actuary – Model Development, Annuities
About The Position
Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures. Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard. We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good. Please note that we do not offer visa sponsorship for this 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. This position currently offers an onsite work schedule, with the expectation that you will be in the office four (4) days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.
Requirements
- Bachelor's degree in Actuarial Science, Mathematics, Computer Science, Statistics, Economics, or related field and 8 or more years of related work experience
- FSA or Career ASA professional designation
- 5+ years of modeling experience
- MG-ALFA expertise or any modeling software
- Significant experience with Annuities, including Fixed-Indexed Annuities.
Nice To Haves
- Advanced knowledge of Statutory and GAAP accounting
- Experience with Life Insurance, including Indexed Universal Life
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
- All other duties as assigned.
Benefits
- Grants from our charitable foundation
- Paid volunteer time for our employees
- Environmentally sustainable and healthy workplaces
- Benefits start day one and are flexible and customizable
- 401(k) eligibility
- Various paid time off benefits, such as vacation, sick time, and parental leave
- Discretionary annual incentive programs
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
