Associate Actuary, Life Pricing

National Life Group•Addison, IL

48d•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. Visa sponsorship is not available for this position. Role Summary This individual will play a key role in leading and supporting initiatives related to the design and pricing of indexed and fixed/traditional life products, both as an individual contributor and through oversight and direction of supporting resources. Job responsibilities primarily center around product design, actuarial modeling, pricing, actuarial support of regulatory filings and evaluation of sales and design concepts. The individual will work closely with the broader L&A Solutions team, Business Innovation Group and Distribution/Field Leaders to ensure new products and features are aligned with the company's strategic goals, financial objectives, and risk appetite. 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

At least 6+ years of relevant experience, with experience in pricing Individual Life products (and especially Indexed UL) strongly preferred
FSA required
In-depth knowledge of Life products and benefits, including applicable valuation, nonforfeiture, 7702/7702A, illustration, and other relevant standards.
Excellent oral and written communication skills, including the ability to communicate effectively with less technical audiences
Highly effective teamwork and collaboration skills
Extensive experience with Microsoft Office suite.
The candidate must be able to successfully complete a background check that may include fingerprinting.

Nice To Haves

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

Responsibilities

Develop and oversee models to set appropriate rates, understand profitability, and analyze sensitivities.
Provide analysis to aid in the development of pricing assumptions.
Strategically solve unique and complex problems.
Help provide detailed analysis on key competitive features in the marketplace.
Present product features and/or actuarial results to Distribution Leadership, Product Risk Committee, Project Teams, Senior Management, and other stakeholders.
Train, mentor, and oversee / direct the work of actuarial students / analysts.
Provide ad-hoc support to other business areas as needed
Effectively coordinate and review the work of outside consultants.
Partner with the policy forms team to review forms and prepare / review actuarial materials required to secure state approvals.
Prepare / review product specifications and actuarial reports.
Proactively identify and ensure compliance with legal and regulatory requirements.
Review marketing materials as appropriate.

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!

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