Sr. Actuary, Modeling

National Life Group•Addison, IL

49d•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 Model Validation Actuary will report directly to the Head of Modeling COE and will be responsible for the independent review, validation, and oversight of actuarial models across the enterprise. The role plays a critical part in ensuring the integrity, accuracy, and appropriateness of modeling frameworks used in financial reporting, risk management, capital management, and business planning. The successful candidates will collaborate closely with modeling teams, risk management, and senior leadership to uphold robust model governance and validation standards across all lines of business. 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

5+ years of experience in actuarial modeling, model validation or related actuarial model governance roles, preferably within a life insurance or reinsurance company.
Strong understanding of actuarial modeling platforms, risk frameworks, and financial reporting concepts.
Familiarity with a wide range of actuarial models, including liability projections, asset modeling, economic scenario generators, and capital models.
Experience presenting findings and influencing senior stakeholders in actuarial, risk, finance, or audit functions.
Proven ability to assess modeling assumptions, methodologies, and controls for appropriateness and reliability.
Fellow or Associate of the Society of Actuaries (FSA or ASA).

Nice To Haves

Experience with model risk management frameworks such as SR 11-7 equivalent is a plus.

Responsibilities

Lead and execute model validation initiatives, including review of assumptions, methodologies, controls, and outputs across actuarial models.
Provide independent challenge to models used in ALM, Asset Adequacy Testing, ORSA, Capital Forecasting, VNB, and other financial projections.
Develop and maintain validation frameworks, testing procedures, and documentation standards in line with internal model governance policies and regulatory expectations.
Analyze and interpret complex model results, documenting validation findings and communicating key risks and recommendations to senior leadership.
Collaborate with modeling teams to address model issues, discrepancies, and enhancements identified during the validation process.
Monitor and assess model changes over time, ensuring continued appropriateness and performance of validated models.
Support governance forums and contribute to reporting for model risk committees and other key stakeholders.

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.
The successful candidate may also be eligible to participate in National Life's discretionary annual incentive programs, subject to the rules governing such programs.

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