Actuary, Corporate Actuarial

Actuary, Corporate Actuarial

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Company Summary

Come join one of America’s fastest growing insurance companies with a stable history of 175 years. At National Life Group (“NLG”), we offer a flexible work environment with opportunity for growth. As a mission-driven business, our promises are as important as the products we sell. We encourage our associates to live our values: Do Good. Be Good. Make Good.

Our mission extends beyond the insurance and annuities policies that we sell. Our cause is also to make the world a better place through grants from our charitable foundation, paid time for our employees to volunteer, environmentally sustainable and healthy work sites, and events that promote the work of nonprofits in our own backyard.

We invite you to explore what we have to offer and to join our cause.

Role Summary

The Actuary will spearhead the development and upkeep of actuarial models/processes/data platforms essential for calculating, analyzing, and reporting reserves and other financial statement items for life insurance products.  This role entails adapting actuarial and data models for new products, regulatory demands, business expansions, and strategic projects, while fostering collaboration across Corporate Actuarial, Finance, Product Development, Risk, and IT departments.  This role will report to the Senior Actuary of Corporate Actuarial.

Essential Duties and Responsibilities

1. Actuarial Model Development (40%):
   • Drive the prompt execution of initiatives related to new product launches, regulatory updates, and strategic business advancements
   • Direct the architecture, creation, evaluation, and deployment of sophisticated actuarial models
2. Business Support Services for Corporate Actuarial (10%):
   • Deliver comprehensive support to the Valuation team and the Modeling team, encompassing model development, problem-solving, regulatory compliance, and audit facilitation
3. Actuarial Valuation Stewardship (10%):
   • Supervise the lifecycle of actuarial valuation models from conception to operational integration
   • Refine valuation modeling workflows, emphasizing simplification, uniformity, and automation
   • Uphold and execute actuarial change management and governance protocols
4. Strategic/Regulatory Initiatives (30%):
   • Recognized and sought out to consult or advise on actuarial and broader enterprise initiatives
   • Translate strategic objectives into short-term goals for Corporate Actuarial
5. Talent Development (10%)
   • Assess and identify knowledge gaps, then develop and implement plans to strengthen and elevate team members' talents.
   • Lead specialized actuarial training sessions to advance internal modeling expertise

Core Work Days

This position is presently onsite/hybrid with the expectation that you are in the office three days per week with current campus days being Tuesday, Wednesday and Thursday (subject to change with advance notification and manager discretion).

Minimum Qualifications

• FSA designation from the Society of Actuaries with at least 8 years of actuarial experience within the life insurance sector
• At least 5 years of actuarial experience within modeling, valuation, and/or financial reporting
• Mastery of actuarial modeling methodologies and standards
• Proficiency in actuarial modeling software (such as PolySystems, MG-ALFA, GGY-AXIS)
• Exceptional analytical acumen and advanced problem-solving skills
• Excellent written and verbal communication skills

Preferred Qualifications

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field
• Minimum 3 years of people management and/or project management experience
• Skilled in database tools like SQL, DataBricks, Microsoft Access, etc.
• Comprehensive understanding of actuarial governance and control frameworks
• Demonstrated collaborative spirit and organizational synergy

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 base compensation range represents the low and high end of the range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to qualifications, skills, competencies, location