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Life Insurance Valuation & Modeling Director — Lead Impact

Job in Bloomington, McLean County, Illinois, 61791, USA
Listing for: Country Financial
Full Time position
Listed on 2026-05-28
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst
Salary/Wage Range or Industry Benchmark: 212400 - 292050 USD Yearly USD 212400.00 292050.00 YEAR
Job Description & How to Apply Below
Position: Life Insurance Valuation & Modeling Director — Lead with Impact

About the role

The Director of Life Insurance Valuation & Modeling provides strategic and technical leadership across all actuarial valuation, financial reporting, experience analysis, modeling, and Asset Adequacy Testing (AAT) activities. This role ensures the accuracy, timeliness, and integrity of statutory and management reporting while supporting risk management and financial strategy.

The ideal candidate brings deep technical expertise, strong leadership, and a proactive approach to improving actuarial governance, models, processes, and insight generation.

How does this role make an impact?
  • Responsible for oversight and development of staff, including supervisory activities (e.g. performance evaluations, goal setting) as well as professional (technical, skill) and personal development.
  • Oversees a specific actuarial function within the life/health/annuity actuarial division - includes overseeing activities, planning and visioning of future activities, and communicating results/recommendations to division and company leadership.
  • Ensures work is completed according to applicable regulation and actuarial standards of practice, including maintaining current SOA Continuing Professional Development requirements, as well as ensuring staff compliance.
  • Manages the implementation and maintenance of disaster recovery plans and activities in assigned areas. Maintains current contact information for all employees in applicable areas and communicates with non-recovery employees during a disaster.
Do you have what we're looking for? Valuation & Financial Reporting
  • Lead the preparation and review of actuarial liabilities for statutory, tax, and management reporting.
  • Ensure compliance with regulatory requirements including P , VM-20, VM-21, VM-22 and all applicable NAIC guidelines.
  • Oversee reserve calculations and checks for the company's current and legacy products.
  • Communicate financial results, drivers, and trends to executive leadership and key stakeholders.
Experience Studies & Assumption Governance
  • Lead regular experience studies for mortality, lapse, expenses, premium persistency, investment returns, and other key metrics.
  • Develop and maintain actuarial assumptions in alignment with corporate governance processes.
  • Identify emerging trends and recommend assumption changes to support valuation accuracy and pricing consistency.
Actuarial Modeling
  • Oversee development, maintenance, and enhancement of actuarial models supporting valuation, planning, analytics, and risk management.
  • Ensure models are efficient, controlled, auditable, and aligned with industry best practices.
  • Partner with IT and model governance teams on architecture, model conversions, and modernization efforts.
Asset Adequacy Testing (AAT) & Risk Support
  • Lead the company's Asset Adequacy Testing, including scenario development, model execution, documentation, and management reporting.
  • Provide actuarial insights to Asset-Liability Management (ALM) and Investment teams, including reserve sensitivity, duration mismatch, and capital implications.
  • Support risk monitoring activities including capital analysis, RBC, liquidity stress testing, and ORSA components.
Process Improvement & Controls
  • Strengthen actuarial controls, documentation standards, and audit readiness.
  • Drive automation, process modernization, and operational efficiency across reporting cycles.
  • Lead or support remediation efforts tied to audit findings, regulatory changes, or process gaps.
Leadership & Collaboration
  • Manage, mentor, and develop a team of valuation actuaries, analysts, and modelers.
  • Foster a culture of accuracy, accountability, and continuous improvement.
  • Collaborate with Finance, Risk, Product Management, Reinsurance, and IT to ensure alignment across actuarial functions.
  • Effectively communicate complex actuarial and financial concepts to senior leadership.
Qualifications
  • FSA preferred; ASA with significant valuation/reporting experience may be considered.
  • 10+ years of actuarial experience in life insurance valuation, modeling, or financial reporting.
  • Strong knowledge of NAIC valuation standards, P /VM-20/VM-21/VM-22/VM-30/VM-31, and RBC frameworks.
  • Proven leadership experience with teams or large-scale actuarial processes.
  • Proficiency with actuarial modeling platforms (particularly Prophet).
  • Excellent analytical, communication, and organizational skills.
Base Pay Range

$212,400-$292,050

Incentive Pay

Eligible for both a Short-Term Incentive plan and a Long-Term Incentive plan.

Benefits

Insurance benefits (medical, dental, vision, disability, life) and 401(k) with company match.

Equal Opportunity

COUNTRY Financial is committed to providing equal opportunity in all areas of employment, and in providing employees with a work environment free of discrimination and harassment. Employment decisions are made without regard to race, color, religion, age, gender, sexual orientation, veteran status, national origin, disability, or any other status protected by applicable laws or regulations.

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