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Associate Actuary, Life Pricing

Addison, TX; Montpelier, VT

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.

Visa sponsorship is not available for this position. 

Role Summary

This individual will play a key role in leading and supporting initiatives related to the design and pricing of indexed and fixed/traditional life products, both as an individual contributor and through oversight and direction of supporting resources.  Job responsibilities primarily center around product design, actuarial modeling, pricing, actuarial support of regulatory filings and evaluation of sales and design concepts.  The individual will work closely with the broader L&A Solutions team, Business Innovation Group and Distribution/Field Leaders to ensure new products and features are aligned with the company’s strategic goals, financial objectives, and risk appetite. 

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

  • Develop and oversee models to set appropriate rates, understand profitability, and analyze sensitivities.
  • Provide analysis to aid in the development of pricing assumptions.
  • Strategically solve unique and complex problems.
  • Help provide detailed analysis on key competitive features in the marketplace.
  • Present product features and/or actuarial results to Distribution Leadership, Product Risk Committee, Project Teams, Senior Management, and other stakeholders.
  • Train, mentor, and oversee / direct the work of actuarial students / analysts.
  • Provide ad-hoc support to other business areas as needed
  • Effectively coordinate and review the work of outside consultants.
  • Partner with the policy forms team to review forms and prepare / review actuarial materials required to secure state approvals.
  • Prepare / review product specifications and actuarial reports.
  • Proactively identify and ensure compliance with legal and regulatory requirements.
  • Review marketing materials as appropriate. 

Minimum Qualifications

  • At least 6+ years of relevant experience, with experience in pricing Individual Life products (and especially Indexed UL) strongly preferred
  • FSA required
  • In-depth knowledge of Life products and benefits, including applicable valuation, nonforfeiture, 7702/7702A, illustration, and other relevant standards.
  • Excellent oral and written communication skills, including the ability to communicate effectively with less technical audiences
  • Highly effective teamwork and collaboration skills
  • Extensive experience with Microsoft Office suite.
  • The candidate must be able to successfully complete a background check that may include fingerprinting. 

Preferred Qualifications

  • MAAA preferred
  • Solid financial modeling experience using actuarial software, preferably MG-ALFA. 

Benefits

 

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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