Associate Actuary/Actuary, Capital Management

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

Role Summary The Associate Actuary or Actuary reports to the Actuary of Capital Management Deal Team and will be responsible for leading and collaborating on multiple transactions. This role supports strategic financial initiatives by developing, validating, and interpreting actuarial models used to evaluate capital deployment, reinsurance transactions, and other corporate financing solutions. This role partners closely with MCOE, Finance, Pricing and senior actuarial leadership to provide analytical insights that optimize the company’s capital position and drive informed decision-making.

The successful candidate will contribute to the pricing and structuring of reinsurance deals, assess the capital impact of strategic transactions, and help manage NLG’s economic, regulatory capital frameworks. This position requires strong technical modeling ability, sound actuarial judgment, and the ability to communicate complex results to both actuarial and non-actuarial audiences. This position currently offers an onsite hybrid 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. Can be based on Vermont or Dallas Campus.

Responsibilities

Co-lead or support reinsurance and capital transactions with internal and external stakeholders. Optimizing pricing, capital and financial impacts, risk management and assist operations teams with closing efforts. , statutory, GAAP, economic capital, RBC).

Support the development of pricing analyses and scenario testing for prospective reinsurance or financing structures, including legal entity modeling, cash-flow projections, sensitivities, and stress tests. Collaborate with MCOE, Finance, Pricing and related business areas to align modeling assumptions, capital methodologies, and reinsurance transaction structures. Build and enhance actuarial models to assess capital usage, return on capital, and value creation for reinsurance transactions, M A opportunities, and other capital or risk-transfer strategies.

Prepare presentation materials and clearly communicate findings, recommendations, and key risks to senior management. Assist in identifying opportunities to improve capital efficiency through reinsurance, capital market solutions, or balance-sheet optimization. Stay current on emerging capital methodologies, regulatory changes, and actuarial modeling best practices.

Minimum Qualifications

Career Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) required. 6+ years of experience in actuarial modeling, corporate development, reinsurance or related actuarial roles, preferably within a life insurance or reinsurance company. , MG-ALFA) and strong Excel/Databricks skills.