Assistant Actuary

Assistant Actuary (National Life Insurance Company d/b/a National Life Group, Montpelier, VT)

Responsibilities:

Spearhead the development and upkeep of valuation models and processes essential for calculating, analyzing, and reporting reserves and other actuarial financial statement items for life insurance products. Duties include:

• Execute PolySystems model development and testing, ensuring priority alignment and effective coordination.
• Enhance and support the Actuarial Data Platform (ADP), contributing to its continuous improvement.
• Maintain and enhance valuation modeling processes, emphasizing efficiency through simplification, streamlining, and automation.
• Provide production support for the Valuation team by addressing issues, aiding in regulatory reporting, and supporting audit inquiries.
• Review, enhance, and support offshore reinsured business valuation and modeling.
• Guide the actuarial change management lifecycle, from initiation to successful implementation.
• Assist in the integration and optimization of new processes and technological advancements.
• Assist in managing and deploying actuarial valuation models.
• Assist in implementing governance policies and procedures as mandated by the company.
• Plan, design, and execute actuarial and broader enterprise initiatives.

Minimum Requirements:

Bachelor's degree (or foreign equivalent) in Actuarial Science, Mathematics, Statistics, or related field followed by 5 years of post-baccalaureate experience in an actuarial role in the life insurance industry.

Experience must include the following, which may be gained concurrently:

• 5 years of experience with life insurance and annuity products.
• 5 years of experience using database tools including SQL, DataBricks, and Microsoft Access.
• 3 years of experience using actuarial software packages including PolySystems and MG-ALFA.
• 3 years of experience in reserve analysis, financial/reinsurance/M&A analysis, and/or capital & risk analysis.
• 2 years of experience with actuarial governance and control frameworks.
• 2 years of experience with offshore reserves and reinsurance.
• ASA designation from the Society of Actuaries must be attained before application to the position.

National Life Group covers the cost of Society of Actuaries Exams for employees in accordance with the company's internal reimbursement policy.

May telecommute within commuting distance of worksite.

Jobsite:

1 National Life Drive, Montpelier, VT 05604.

Salary:

$141,000/year.

Full-time employment.

Qualified applicants apply online via the company career website, www.nationallife.com/Careers. Reference Job AA0625.

This position is part of National Life Group's employee referral program and is eligible for an employee referral incentive.

The starting rate 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 Social Media Policy Site Disclosure and Privacy Policy