Actuary - Inforce Management
National Life Group · Montpelier, VT · 3 wk ago
Finance$139k–$204k/yrFull-time
Summary
The Actuary – Inforce Management reports to the VP, Inforce Management and serves as a leader within the Inforce Actuarial Pricing function. This role is accountable for owning the end-to-end execution of inforce management initiatives that drive profitability and support the growth of Life and Annuities blocks of business.
Key Functional Responsibilities
- Translates actuarial analysis into clear business insights and actionable recommendations that influence cross-functional decisions.
- Recommend and implement rate changes while balancing profitability and competitiveness.
- Proactively challenges assumptions, identifies risks, and provides alternative perspectives to strengthen decision-making across the organization.
- Supports and contributes to reinsurance strategies and execution
- Owns end-to-end execution of Inforce Management initiatives with accountability for how outputs impact profitability, competitiveness, and downstream operations.
- Lead and execute experience studies to support pricing and inforce management decisions
- Actively drives alignment across Product Development, Finance, Investments, and other stakeholders to ensure cohesive execution of inforce strategies.
- Manage and develop actuarial staff in the inforce pricing unit
- Provides actuarial expertise to support product filings and regulatory alignment.
- Leads and contributes to strategic initiatives aligned with evolving business priorities.
Leadership Responsibilities
- Models Servant Leadership Tenets in all aspects of leading the Inforce Management pricing team
- Lead and develop direct reports by fostering and supporting career development, motivating, engaging and capitalizing on employee strengths.
- Build cross-functional partnerships with other business units and teams throughout the organization (L&A Solutions – Product Development, Corporate Actuarial, Finance, Investments, Legal) using clear communications and transparency.
- Conduct regular one-on-one meetings with staff to facilitate open dialogue within group and cascade appropriate communications.
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance or related field
- Strong communication skills and business acumen.
- Self-motivated and result-focused.
- ASA or FSA with a minimum of 7 years of actuarial experience.
- Ability to work in a fast-paced, dynamic environment
- Solid financial modeling experience using actuarial software, preferably MG-ALFA.
- Working knowledge of applicable Statutory, Tax and GAAP valuation and other regulatory requirements
AI Proficiency Expectations
- Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work.
- Stay curious and open to new AI-enabled ways of working.
- Exercise sound judgment by reviewing and validating AI-generated content.
- Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life’s AI guiding principles.
- Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention and intellectual property.
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!
Pay Range
$138,750 - $203,500 USD