Actuary Model Development

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.

Actuary – Model Development

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

JOB SUMMARY:

The Actuary will be responsible for building, testing, and validating MG-ALFA models and will report to the Model Steward.  The model is used for Asset Adequacy Testing, Asset/Liability Management, Statutory Forecasting, ORSA, VNB, and to support various special project initiatives.  The individual will streamline our modeling functionality to enable efficient and reliable projection capabilities.  The Actuary is expected to have detailed knowledge of MG-ALFA, Statutory accounting, and GAAP accounting.

RESPONSIBILITIES:

• Ownership of all aspects of the technical functionality of MG-ALFA models


• Develop and maintain model inputs, model interface, model reports, and database


• Participate and provide thought leadership in model governance, assumption maintenance, and model change management, including User Acceptance Testing


• Lead projects to implement new products, riders, and model functionality


• Provide a validated and locked-down production model to end users on a quarterly basis


• Partner with the IT department to identify and implement areas for automation and efficiency


• Lead development of functionality related to ad-hoc projects and one-off requests, working closely with business partners to ensure appropriate usage of models for new contexts

REQUIRED QUALIFICATIONS

• Bachelor’s degree in Actuarial Science, Mathematics, Computer Science, Statistics, Economics, or related field


• FSA or Career ASA professional designation


• 8+ years of actuarial experience with 5+ years of modeling experience


• MG-ALFA expertise or any modeling software


• Advanced knowledge of Statutory and GAAP accounting preferred


• Significant experience with Annuities, including Fixed-Indexed Annuities or Life Insurance, including Indexed Universal Life

In office (VT or TX) 4 days a week preferred, but will consider remote for well-qualified candidates.

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!

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