Actuary, Corporate Actuarial
Apply NowCompany: National Life Group
Location: Montpelier, VT 05602
Description:
Actuary, Corporate Actuarial
We are unable to provide Visa Sponsorship for this role.
Company Summary
Come join one of America's fastest growing insurance companies with a stable history of 175 years. At National Life Group ("NLG"), we offer a flexible work environment with opportunity for growth. As a mission-driven business, our promises are as important as the products we sell. We encourage our associates to live our values: Do Good. Be Good. Make Good.
Our mission extends beyond the insurance and annuities policies that we sell. Our cause is also to make the world a better place through grants from our charitable foundation, paid time for our employees to volunteer, environmentally sustainable and healthy work sites, and events that promote the work of nonprofits in our own backyard.
We invite you to explore what we have to offer and to join our cause.
Role Summary
The Actuary will spearhead the development and upkeep of actuarial models/processes/data platforms essential for calculating, analyzing, and reporting reserves and other financial statement items for life insurance products. This role entails adapting actuarial and data models for new products, regulatory demands, business expansions, and strategic projects, while fostering collaboration across Corporate Actuarial, Finance, Product Development, Risk, and IT departments. This role will report to the Senior Actuary of Corporate Actuarial.
Essential Duties and Responsibilities
Actuarial Model Development (40%): Business Support Services for Corporate Actuarial (10%): Actuarial Valuation Stewardship (10%): Strategic/Regulatory Initiatives (30%): Talent Development (10%)
Core Work Days
This position is presently onsite/hybrid with the expectation that you are in the office three days per week with current campus days being Tuesday, Wednesday and Thursday (subject to change with advance notification and manager discretion).
Minimum Qualifications
Preferred Qualifications
Benefits
Other rewards may include an annual bonus, quarterly bonuses, commissions, and other long-term incentive compensation, depending on the position. National Life offers a competitive total rewards package which includes: a 401(k) retirement plan match; medical, dental, and vision insurance; a company funded wellness account for director and below employees; 10 paid holidays; a generous paid time off plan (22 days of combined time-off for non-exempt employees and exempt employees have discretion in managing their time, including scheduling time off in the normal course of business, but in no event will exempt employees receive less sick time than required by state or local law); 6 weeks of paid parental leave; and 6 weeks of paid family leave after a year of full-time employment.
National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.
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.
National Life Group
1 National Life Dr
Montpelier, VT 05604
#LI-DO
#LI-HYBRID
Social Media Policy
Site Disclosure and Privacy Policy
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
We are unable to provide Visa Sponsorship for this role.
Company Summary
Come join one of America's fastest growing insurance companies with a stable history of 175 years. At National Life Group ("NLG"), we offer a flexible work environment with opportunity for growth. As a mission-driven business, our promises are as important as the products we sell. We encourage our associates to live our values: Do Good. Be Good. Make Good.
Our mission extends beyond the insurance and annuities policies that we sell. Our cause is also to make the world a better place through grants from our charitable foundation, paid time for our employees to volunteer, environmentally sustainable and healthy work sites, and events that promote the work of nonprofits in our own backyard.
We invite you to explore what we have to offer and to join our cause.
Role Summary
The Actuary will spearhead the development and upkeep of actuarial models/processes/data platforms essential for calculating, analyzing, and reporting reserves and other financial statement items for life insurance products. This role entails adapting actuarial and data models for new products, regulatory demands, business expansions, and strategic projects, while fostering collaboration across Corporate Actuarial, Finance, Product Development, Risk, and IT departments. This role will report to the Senior Actuary of Corporate Actuarial.
Essential Duties and Responsibilities
- Drive the prompt execution of initiatives related to new product launches, regulatory updates, and strategic business advancements
- Direct the architecture, creation, evaluation, and deployment of sophisticated actuarial models
- Deliver comprehensive support to the Valuation team and the Modeling team, encompassing model development, problem-solving, regulatory compliance, and audit facilitation
- Supervise the lifecycle of actuarial valuation models from conception to operational integration
- Refine valuation modeling workflows, emphasizing simplification, uniformity, and automation
- Uphold and execute actuarial change management and governance protocols
- Recognized and sought out to consult or advise on actuarial and broader enterprise initiatives
- Translate strategic objectives into short-term goals for Corporate Actuarial
- Assess and identify knowledge gaps, then develop and implement plans to strengthen and elevate team members' talents.
- Lead specialized actuarial training sessions to advance internal modeling expertise
Core Work Days
This position is presently onsite/hybrid with the expectation that you are in the office three days per week with current campus days being Tuesday, Wednesday and Thursday (subject to change with advance notification and manager discretion).
Minimum Qualifications
- FSA designation from the Society of Actuaries with at least 8 years of actuarial experience within the life insurance sector
- At least 5 years of actuarial experience within modeling, valuation, and/or financial reporting
- Mastery of actuarial modeling methodologies and standards
- Proficiency in actuarial modeling software (such as PolySystems, MG-ALFA, GGY-AXIS)
- Exceptional analytical acumen and advanced problem-solving skills
- Excellent written and verbal communication skills
Preferred Qualifications
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field
- Minimum 3 years of people management and/or project management experience
- Skilled in database tools like SQL, DataBricks, Microsoft Access, etc.
- Comprehensive understanding of actuarial governance and control frameworks
- Demonstrated collaborative spirit and organizational synergy
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!
Other rewards may include an annual bonus, quarterly bonuses, commissions, and other long-term incentive compensation, depending on the position. National Life offers a competitive total rewards package which includes: a 401(k) retirement plan match; medical, dental, and vision insurance; a company funded wellness account for director and below employees; 10 paid holidays; a generous paid time off plan (22 days of combined time-off for non-exempt employees and exempt employees have discretion in managing their time, including scheduling time off in the normal course of business, but in no event will exempt employees receive less sick time than required by state or local law); 6 weeks of paid parental leave; and 6 weeks of paid family leave after a year of full-time employment.
National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.
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.
National Life Group
1 National Life Dr
Montpelier, VT 05604
#LI-DO
#LI-HYBRID
Social Media Policy
Site Disclosure and Privacy Policy
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.