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Actuary - Modeling, Fixed Term

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.

JOB SUMMARY

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

Our Modeling Center of Excellence (MCOE) exists to give the organization timely, accurate, and well-understood modeled results across ALM, Asset Adequacy Testing, ORSA, Risk Based Capital, VNB/EV, and related initiatives. Meeting that mandate depends on more than the models themselves: it depends on a disciplined production process, a sound model development life cycle, consistent assumptions and methodology, strong controls, and the ability to turn complex output into insight the business can act on. The Actuary – Modeling will report to the Head of MCOE and serve as a senior individual contributor at the center of this operating model. Sitting where production, results analysis, and team capability meet, this role keeps the modeling engine running reliably each cycle, makes the results understandable to stakeholders across the company, raises the capability of the people around it, and offers an informed, independent view of how well the model development life cycle is working and where it can be improved.

 

KEY RESPONSIBILITIES

Production & Model Operations

  • Own the production run for assigned areas end to end, delivering accurate, reconciled results on schedule each reporting cycle.
  • Manage model inputs, assumptions, and run execution so the modeling calendar is met without surprises.

Results Analysis & Stakeholder Insight

  • Dive deep into modeled output to validate results, explain period-over-period movements, and confirm reasonableness before results are finalized.
  • Translate complex results into clear, plain-English insight for finance, risk, capital management, and senior leadership, tailoring the message to each audience.

Model Development Life Cycle & Continuous Improvement

  • Review the current model development life cycle and provide an informed, independent perspective on its current state, reasonableness, and fitness for purpose.
  • Identify and implement improvements to processes, controls, automation, and documentation that make production more reliable and less manual.

Capability & Mentorship

  • Mentor and coach actuaries on the team, building their ability to understand the models, interpret results, and explain complex concepts in simple terms.
  • Strengthen documentation, standards, and cross-training to capture knowledge and reduce key-person risk.

Controls, Governance & Partnership

  • Operate within the MCOE’s model risk and control framework, supporting audit and governance requirements and keeping methods and assumptions consistent across lines of business.
  • Partner with data, technology, and downstream reporting teams to keep the operating model running smoothly and to support special projects and methodology enhancements.

 

JOB REQUIREMENTS

  • 15+ years of progressive actuarial experience, with 10+ years specifically in an actuarial modeling–centric role
  • Deep understanding of modeling frameworks and concepts including ORSA, CFT, ALM, EV/VNB, RBC, and VM20, and the impacts of reinsurance on each
  • Experience owning periodic production and reporting cycles and operating within a model risk and control framework
  • Strong communication skills, with a proven ability to translate complex technical results into clear, plain-English insight for both technical and non-technical stakeholders
  • A track record of mentoring or coaching actuaries on technical concepts, interpretation of results, and process improvement
  • Experience with open actuarial projection platforms (MG-ALFA preferred)
  • Familiarity with reinsurance treaty structures and their modeling, including coinsurance, modco, funds-withheld, and YRT
  • Working knowledge of GAAP and Statutory regulations for Life and Annuity products, with a preference for indexed products and reinsurance concepts
  • Fellow or Associate of the Society of Actuaries (FSA or ASA)

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

$138,750 - $203,500 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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