Actuary – Model Development, Annuities

About the role

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.

Responsibilities

• Build, test, and validate MG-ALFA models; report to the Model Steward.
• Model used for Asset Adequacy Testing, Asset/Liability Management, Statutory Forecasting, ORSA, VNB, and special project initiatives.
• Streamline modeling functionality to enable efficient and reliable projection capabilities.
• Possess detailed knowledge of MG-ALFA, Statutory accounting, and GAAP accounting.
• Ownership of all aspects of the technical functionality of MG-ALFA models.
• Develop and maintain model inputs, model interface, model reports, and database.
• Participate and provide thought leadership in model governance, assumption maintenance, and model change management, including User Acceptance Testing.
• Lead projects to implement new products, riders, and model functionality.
• Provide a validated and locked-down production model to end users on a quarterly basis.
• Partner with the IT department to identify and implement areas for automation and efficiency.
• Lead development of functionality related to ad-hoc projects and one-off requests, working closely with business partners to ensure appropriate usage of models for new contexts.
• Perform other duties as assigned.

Qualifications

Minimum Qualifications: Bachelor's degree in Actuarial Science, Mathematics, Computer Science, Statistics, Economics, or related field and 8 or more years of related work experience; FSA or Career ASA professional designation; 5+ years of modeling experience; MG-ALFA expertise or any modeling software; Significant experience with Annuities, including Fixed-Indexed Annuities.

Preferred Qualifications: Advanced knowledge of Statutory and GAAP accounting; Experience with Life Insurance, including Indexed Universal Life.

Skills

AI Proficiency Expectations: Leverage approved AI tools to improve efficiency, quality, and impact; stay curious and open to new AI-enabled ways of working; exercise sound judgment by reviewing and validating AI-generated content; maintain accountability for accuracy, quality, fairness, and integrity of work products by adhering to National Life's AI guiding principles; use AI responsibly in accordance with company policies related to confidentiality, data privacy, security, compliance, retention, and intellectual property.

Core Competencies: Cultivates Innovation; Ensures Accountability; Directs Work; Demonstrates Emotional Intelligence; Exhibits Critical and Creative Thinking; Leads Change; Develops Talent; Inspires Others.

Benefits

Benefits start day one and are flexible and customizable