Associate Actuary, Valuation

National Life Insurance Company•Montpelier, VT

2h•Onsite

About The Position

The Associate Actuary will be responsible for calculating, analyzing, reporting, and explaining reserves and other actuarial financial statement items for the Indexed Universal Life. The individual will monitor policyholder behavior and profitability of the business and will also provide actuarial support to recurring and special projects. The Associate Actuary is expected to have a detailed knowledge of statutory valuation requirements and advanced GAAP accounting issues for life insurance products. 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 a minimum 7 years of actuarial experience within the Life Insurance sector, or Career ASA with a minimum 10 years of experience within the Life Insurance sector
Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field
At least 5 years of actuarial experience within actuarial modeling or actuarial valuation & financial reporting
Proficiency in actuarial modeling software (such as PolySystems, MG-ALFA, GGY-AXIS)
Skilled in database tools like SQL, DataBricks, Microsoft Access, etc.
Comprehensive understanding of actuarial valuation requirements and techniques
Proven analytical prowess and problem-solving capabilities
A proactive attitude towards continuous improvement and challenging established norms

Nice To Haves

Comprehensive understanding of actuarial governance and control frameworks
Demonstrated collaborative spirit and organizational synergy
Excellent written and verbal communication skills

Responsibilities

Perform valuation on Life blocks with the focus on Principle-Based Reserves (PBR)
Perform experience studies, recommend assumption updates, and quantify impacts for PBR business
Conduct analysis of business trends and reserve movements
Update annual PBR report and communicate with external auditors and regulators regarding the PBR model
Support the production and oversight of reporting for reserves and other actuarial items – Statutory, GAAP, and Tax
Familiar with GAAP accounting such as FAS97 and FAS133 and clearly communicate analysis to financial reporting stakeholders
Proactively share analysis and provide insight into our business with Pricing, FP&A, Inforce Management, Modeling Center of Excellence, and Tax areas