Associate Actuary, Annuity Pricing - Life and Annuity Solutions

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 Sponsorship is not available for this role.

This individual will support and may lead initiatives related to design and pricing of indexed and fixed annuity products. This includes product design, actuarial modeling, pricing, actuarial support of regulatory filings and support of sales ideas. This position will work closely with the broader Life Annuity Solutions team, Distribution/Field Leaders, and Marketing to ensure new products and features are aligned with the company’s strategic goals.

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.

Responsibilities

Provide and discuss pricing results as well as sensitivity-analysis to senior Actuaries of the Company, including Product Risk Management Committee and Investments Risk Management committee. Present product features and/or actuarial results to Distribution Leadership, Product Risk Committee, Project Teams, Senior Management, and other stakeholders. Reviews experience studies and sets pricing assumptions.

Prepare or review actuarial materials required to secure state approvals. Prepare or review product specifications and actuarial reports. Partner with the policy forms team to review forms as needed.

Understands pricing practices, and develops as well as oversees modeling to set appropriate rates, understand profitability, and analyze sensitivities. Understands and can reverse engineer key features of competitor products. Reviews product marketing materials as appropriate.

Partner with the policy forms team to review forms as needed. Coordinates and reviews work of outside actuarial consultants. Train and mentor actuarial students/analysts as needed.

Requirements

Minimum Qualifications

FSA or career ASA designation from the Society of Actuaries A minimum of 6 years of actuarial experience with in-depth knowledge of annuity products and

Benefits

Solid financial modeling experience using actuarial software, preferably MG-ALFA. Working knowledge of applicable Valuation, Nonforfeiture, tax, risk-based-capital and other relevant regulations and standards. Ability to work with Distribution Leadership and multiple stakeholders to design and develop new annuity products and features.

Preferred Qualifications

Member of the American Academy of Actuaries Indexed Annuity Pricing experience a major plus AI Proficiency Expectations At National Life Group, we view AI as an enabler of human potential.