Job Application for Associate Actuary, Product, Life & Annuity Solutions at National Life Insurance Company

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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

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.

Essential Duties and Responsibilities

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 Qualifications

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.

Preferred Qualifications

Member of the American Academy of Actuaries preferred.
Experience with MG-ALFA
Annuity product knowledge a plus.

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

$116,250 - $170,500 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

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Associate Actuary, Product, Life & Annuity Solutions

Role Summary

Essential Duties and Responsibilities

Minimum Qualifications

Preferred Qualifications

Benefits

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