AVP, Head of Life Insurance Pricing

National Life Insurance Company•Montpelier, VT

3d•$183,750 - $269,500•Onsite

About The Position

The Head of Life Insurance Pricing provides leadership for the strategy, governance, and execution of pricing across National Life Group’s Life Insurance product portfolio. The role establishes pricing strategies and techniques that support sustainable growth while balancing profitability, risk management, capital efficiency, and competitive positioning. The role partners with senior stakeholders across the enterprise to shape pricing strategy, communicate results, and drive effective business decisions. It leads the Life Pricing team, advances pricing methodologies and capabilities, and provides actuarial expertise and recommendations to senior leadership on complex pricing, profitability, and portfolio matters. The successful candidate is expected to have strong succession potential to lead the Life Product function. This position currently follows an onsite schedule, with an expectation of being in the office four days per week on core days, currently Monday through Thursday. The schedule type and core days may change with advance notification and manager discretion. National Life Group does not offer visa sponsorship for this position.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
Fellow of the Society of Actuaries (FSA) designation.
12–15+ years of actuarial experience in the life insurance industry.
Significant experience in life insurance pricing or product development.
Deep knowledge and experience with Individual Life Insurance products, especially Indexed UL, Term, and Whole Life.
Strong familiarity with applicable U.S. Stat, GAAP, and Tax regulations and standards.
Demonstrated experience developing and evaluating actuarial pricing models, assumptions, profitability analyses, and financial projections.
Experience partnering across product management, underwriting, finance, distribution, risk management, and other functions.
Proven experience leading and developing actuarial teams.
Ability to communicate complex actuarial and pricing matters and influence senior stakeholders.
Use approved AI tools appropriately, validate AI-generated content, and follow company policies and guiding principles for responsible AI use.

Nice To Haves

Member of the American Academy of Actuaries.
Proficiency with MG-ALFA.

Responsibilities

Lead development and execution of pricing strategy for the Individual Life insurance portfolio, informed by the marketplace, distribution systems, and enterprise considerations.
Establish pricing and risk-assessment approaches that balance growth, profitability, risk appetite, capital efficiency, competitive positioning, and speed to market.
Provide actuarial leadership for pricing, development, and ongoing performance review of the Life portfolio.
Oversee the development, evaluation, and ongoing management of Life pricing assumptions, models, and related processes.
Identify and recommend repricing actions, product adjustments, and portfolio optimization opportunities based on experience, market dynamics, and business objectives.
Advance pricing capabilities through data analytics, predictive modeling, new data sources, and emerging technologies.
Partner with underwriting to advance risk-selection processes and their consideration in pricing and reserving methodologies.
Maintain effective pricing governance and ensure methodologies and assumptions comply with actuarial standards of practice, regulatory requirements, and internal risk policies.
Provide actuarial expertise and recommendations to senior leadership and governance committees on pricing strategy, competitiveness, profitability, risk, and capital considerations.
Build enterprise partnerships and ensure pricing decisions align with enterprise objectives.
Lead, develop, and direct pricing actuaries and actuarial analysts, establishing standards for modeling, analytical rigor, collaboration, and technical excellence.