Associate Actuary, Valuation

About the role

Join one of America’s fastest-growing insurance companies since 1848, National Life Group. We aim to keep our promises, providing families with stability and peace of mind. Beyond our insurance and annuities policies, we strive to make the world a better place through our charitable foundation, volunteer efforts, and sustainable practices.

Responsibilities

• Calculate, analyze, report, and explain reserves and other actuarial financial statement items for the Indexed Universal Life.
• Monitor policyholder behavior and profitability of the business.
• Provide actuarial support to recurring and special projects.
• Perform valuation on Life blocks with the focus on Principle-Based Reserves (PBR).
• Conduct experience studies, recommend assumption updates, and quantify impacts for PBR business.
• 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.
• Familiarize yourself 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.

Requirements

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

Qualifications

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

Skills

• AI proficiency expectations as outlined in the company’s AI guiding principles.

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

$121,875 - $178,750 USD

Schedule

The current onsite work schedule is four (4) days per week during onsite core days: Monday, Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.