Associate Actuary, Annuity Pricing - Life and Annuity Solutions

National Life Group•Addison, IL

45d•Onsite

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. Role Summary The Associate Actuary will spearhead the development and upkeep of actuarial models/processes/data platforms essential for calculating, analyzing, and reporting reserves and other financial statement items for life insurance products. This role entails adapting actuarial and data models for new products, regulatory demands, business expansions, and strategic projects, while fostering collaboration across Corporate Actuarial, Finance, Product Development, Risk, and IT departments. This role will report to the Senior Actuary of Corporate Actuarial. This position currently offers an onsite work schedule, with the expectation that you are 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

FSA designation from the Society of Actuaries with at least 8 years of actuarial experience within the life insurance sector
At least 5 years of actuarial experience within modeling, valuation, and/or financial reporting
Mastery of actuarial modeling methodologies and standards
Proficiency in actuarial modeling software (such as PolySystems, MG-ALFA, GGY-AXIS)
Exceptional analytical acumen and advanced problem-solving skills
Excellent written and verbal communication skills

Nice To Haves

MAAA preferred
Solid financial modeling experience using actuarial software, preferably MG-ALFA.

Responsibilities

Actuarial Model Development (40%): Drive the prompt execution of initiatives related to new product launches, regulatory updates, and strategic business advancements Direct the architecture, creation, evaluation, and deployment of sophisticated actuarial models
Business Support Services for Corporate Actuarial (10%): Deliver comprehensive support to the Valuation team and the Modeling team, encompassing model development, problem-solving, regulatory compliance, and audit facilitation
Actuarial Valuation Stewardship (10%): Supervise the lifecycle of actuarial valuation models from conception to operational integration Refine valuation modeling workflows, emphasizing simplification, uniformity, and automation Uphold and execute actuarial change management and governance protocols
Strategic/Regulatory Initiatives (30%): Recognized and sought out to consult or advise on actuarial and broader enterprise initiatives Translate strategic objectives into short-term goals for Corporate Actuarial
Talent Development (10%): Assess and identify knowledge gaps, then develop and implement plans to strengthen and elevate team members' talent Lead specialized actuarial training sessions to advance internal modeling expertise

Benefits

Your benefits start day one and are flexible and customizable to your and your family's specific needs. Check out the BENEFITS of a Career at National Life!
The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered.

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