Associate Actuary, Product Annuity Solutions

Associate Actuary, Product, Life & Annuity Solutions

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.

This role is part of the Life and Annuity Solutions team and reports to the VP and Actuary, Life and Annuity Product Delivery. This individual will lead analysis that supports in force policy holders, large cases, and evaluating actuarial considerations for new sales ideas. This includes problem solving, actuarial modeling, pricing, and incorporating regulatory standards for indexed and fixed/traditional life products.

This position will work closely with the broader L&A Solutions product team, Customer Innovation Group, and Distribution/Field Leaders to ensure agent and policyholder questions are answered and product decisions are aligned with the company’s strategic goals.

This position currently offers an onsite work schedule, with the expectation that you are in the office four (4) days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.

• Partner with others in L&A Solutions, operations, legal, marketing, underwriting, and distribution as needed to support ad-hoc product requests. This includes reviewing large cases; special requests; profitability analysis; evaluating marketing programs; illustration and competitor product deep dives to understand competitor illustrations and features and optimal designs for National Life Group's life and annuity products.
• Understands pricing practices and develops as well as oversees modeling to understand profitability and analyze sensitivities.
• Understands and is able to reverse engineer key features of competitor products.
• Provide support to other business areas. Recommends or advises on actuarial and business matters based on business function and actuarial expertise.
• Able to solve unique and complex problems that have an impact on the business.
• Review and interpret product specifications and actuarial reports, actuarial memos for filings, regulatory documentation, with a focus on life product expertise.
• Review marketing material as appropriate.
• Proactively ensures compliance with legal and regulatory requirements related to project assignments.
• Experience study review and pricing assumption analysis and support. Ability to adjust assumptions as necessary for ad-hoc analysis.

• Minimum of 6 years of Actuarial experience with in-depth knowledge of life products and benefits, including pricing experience.
• FSA designation from The Society of Actuaries required, or an ASA with a significant amount of additional experience.
• Working knowledge of Nonforfeiture, 7702/7702A, Illustration, and other relevant standards.
• Solid financial modeling experience and ability to independently create pricing engines using actuarial software.
• Extensive experience with Microsoft Office suite especially Excel.
• Excellent communication skills to be able to explain complex actuarial topics to nontechnical audiences.
• Self-motivated and results-focused.

• Member of the American Academy of Actuaries preferred.

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…