Sr. Actuary, Modeling
$161k - $237k USD
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.
Role Summary
The Senior Actuary – Modeling will report directly to the Head of Modeling COE and will be accountable for executing the strategic vision and operational excellence of our modeling initiatives. This role will provide thought leadership and mentorship to the team, interfacing with senior management and external stakeholders to deliver robust and innovative modeling solutions across key areas including ALM, Asset Adequacy Testing, ORSA, Risk Based Capital, VNB, as well as various special project initiatives.
KEY RESPONSIBILITIES
- Work with a team of highly skilled modeling actuaries to ensure robust modeled balance sheet integrity and deep understanding of actuarial modeled results
- Analyze and interpret complex modeling results, providing actionable insights to senior leadership.
- Establish, review, and continuously improve best practices for model development, production, and validation.
- Mentor and develop the MCOE team through targeted training programs and development initiatives, elevating overall modeling proficiency.
- Partner and maintain strong relationships with key stakeholders to meet increasing business needs.
- Support special projects and implementation of sound modeling methodologies and solutions.
- Support production actuaries and help resolve issues and drive ongoing continuous improvements.
- Help ensure compliance and consistency in methods across all lines of business.
- Help develop deeper analytics across all lines of business.
- Assist with new product implementation and ongoing validation work.
JOB REQUIREMENTS
- 10+ years of actuarial modeling experience with deep understanding of advanced modeling techniques, risk management, and regulatory frameworks.
- 3+ years of influencing senior management/critical stakeholders experience.
- Proven history of modeling enterprise balance sheets, including both assets and liabilities, under various economic scenarios.
- Demonstrated ability to lead cross-functional teams and mentor less experienced professionals.
- Strong communication skills with the ability to translate technical details into strategic business insights for senior management.
- Exceptional problem-solving skills and the ability to think strategically about the integration of modeling processes across the organization.
- Expert level knowledge of GAAP and Statutory regulations for Life and Annuity products with a preference for indexed products and reinsurance concepts.
- Demonstrated ability or willingness to adopt and apply emerging technologies, including generative AI and automation tools, to improve reporting efficiency, effectiveness, and control quality.
- Prior experience with Economic Scenario Generation preferred.
- Fellow or Associate of the Society of Actuaries (FSA or ASA)
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!
Base Pay Range. The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances.
Additional Compensation and Benefits. The total compensation package for this position may also 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. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors.
National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.
Salary Pay Range
$161,250—$236,500 USD
National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.
Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.
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National Life Group
1 National Life Dr
Montpelier, VT 05604