Actuary – Model Development

Overview

National Life Group is one of America’s fastest-growing insurance companies. Since 1848, the company has aimed to keep promises, providing families with stability in good times and in bad, and offering peace of mind for future planning.

Our mission extends beyond the policies we offer. We strive to make the world a better place through charitable grants, paid volunteer time for employees, environmentally sustainable and healthy workplaces, and events that promote nonprofit work in our community. We foster a collaborative environment with opportunities for growth and encourage associates to live our values:
Do good. Be good. Make good.

Please note that we do not offer visa sponsorship for this position.

The Actuary will be responsible for building, testing, and validating MG-ALFA models and will report to the Model Steward. The model is used for Asset Adequacy Testing, Asset/Liability Management, Statutory Forecasting, ORSA, VNB, and to support various special project initiatives. The individual will streamline our modeling functionality to enable efficient and reliable projection capabilities. The Actuary is expected to have 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

• Bachelor’s degree in Actuarial Science, Mathematics, Computer Science, Statistics, Economics, or related field
• FSA or Career ASA professional designation
• 8+ years of actuarial experience with 5+ years of modeling experience
• MG-ALFA expertise or experience with any modeling software
• Advanced knowledge of Statutory and GAAP accounting preferred
• Significant experience with Annuities, including Fixed-Indexed Annuities or Life Insurance, including Indexed Universal Life

In office (VT or TX) 4 days a week preferred, but will consider remote for well-qualified candidates.

• 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: $138,750 - $203,500 USD. The base pay range is the range National Life reasonably and in good faith expects to pay for the position, taking into account factors such as prior experience, education, training, current business needs, and market factors. The final salary may be outside this range based on other reasons and individual circumstances.

Additional Compensation and Benefits:
The total compensation package may include medical, financial, and other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time, and parental leave). Eligible employees may participate in National Life’s discretionary annual incentive programs, subject to program rules. If hired, the employee will be in an at-will position and National Life reserves the right to modify base salary and other compensation or benefits at any time, including for performance or market factors.

National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.

National Life Group is a trade name of multiple affiliated entities. All entities are independent of each other in terms of financial condition and contractual obligations.