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Associate Actuary, Pricing- Life & Annuity Product Solutions

Associate Actuary, Pricing- Life & Annuity Product Solutions

National Life GroupAddison, TX, US
16 days ago
Job type
  • Full-time
Job description

Key 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.

A successful candidate will have :

  • At least 6+ years of relevant experience, with experience in pricing Individual Life products (and especially Indexed UL) strongly preferred
  • FSA required, MAAA preferred.
  • 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
  • Solid financial modeling experience using actuarial software, preferably MG-ALFA.
  • Extensive experience with Microsoft Office suite.
  • The candidate must be able to successfully complete a background check that may include fingerprinting.
  • Visa sponsorship is not available for this position.
  • The base compensation range represents the low and high end of the range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to qualifications, skills, competencies, location, and experience. The range listed is just one component of our total compensation package for employees.

    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

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    Associate Actuary • Addison, TX, US