Associate Actuary, Valuation

Associate Actuary, Valuation National Life Insurance Company - 3.8 Addison, TX Job Details $121,875 - $178,750 a year 1 day ago Benefits Benefits from day one Life insurance Qualifications Actuary experience Bachelor's degree GAAP Accounting standards Statutory Accounting Principles Full Job Description 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. Role Summary The Associate Actuary will be responsible for calculating, analyzing, reporting, and explaining reserves and other actuarial financial statement items for the Indexed Universal Life. The individual will monitor policyholder behavior and profitability of the business and will also provide actuarial support to recurring and special projects. The Associate Actuary is expected to have a detailed knowledge of statutory valuation requirements and advanced GAAP accounting issues for life insurance products. 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 Perform valuation on Life blocks with the focus on Principle-Based Reserves (PBR) Perform experience studies, recommend assumption updates, and quantify impacts for PBR business Conduct analysis of business trends and reserve movements Update annual PBR report and communicate with external auditors and regulators regarding the PBR model Support the production and oversight of reporting for reserves and other actuarial items - Statutory, GAAP, and Tax Familiar with GAAP accounting such as FAS97 and FAS133 and clearly communicate analysis to financial reporting stakeholders Proactively share analysis and provide insight into our business with Pricing, FP&A, Inforce Management, Modeling Center of Excellence, and Tax areas Minimum Qualifications FSA designation from the Society of Actuaries with a minimum 7 years of actuarial experience within the Life Insurance sector, or Career ASA with a minimum 10 years of experience within the Life Insurance sector Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field At least 5 years of actuarial experience within actuarial modeling or actuarial valuation & financial reporting Proficiency in actuarial modeling software (such as PolySystems, MG-ALFA, GGY-AXIS) Skilled in database tools like SQL, DataBricks, Microsoft Access, etc. Comprehensive understanding of actuarial valuation requirements and techniques Proven analytical prowess and problem-solving capabilities A proactive attitude towards continuous improvement and challenging established norms Preferred Qualifications Comprehensive understanding of actuarial governance and control frameworks Demonstrated collaborative spirit and organizational synergy Excellent written and verbal communication skills 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. Social Media Policy Site Disclosure and Privacy Policy National Life Group 1 National Life Dr Montpelier, VT 05604