Associate Actuary, Valuation

Role Summary

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.

Essential Duties and 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

Minimum Qualifications

• 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.
• Cumulative understanding of actuarial valuation requirements and techniques
• Proven analytical prowess and problem-solving capabilities
• A proactive attitude towards continuous improvement and challenging established norms

Preferred Qualifications

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

Benefits

Benefits 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.

Salary Pay Range

$121,875 - $178,750 USD