Associate Actuary – Life Valuation

at  National Life Group

JOB SUMMARY:

The Actuary will be responsible for calculating, analyzing, reporting, and explaining reserves and other actuarial financial statement items for Indexed Universal Life business. The individual will monitor policyholder behavior and profitability of the business and will also provide actuarial support to recurring and special projects. The Actuary is expected to have a detailed knowledge of statutory valuation requirements and advanced GAAP accounting issues for life insurance products.

REQUIRED QUALIFICATIONS:

• FSA or Career ASA or equivalent professional designation
• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field
• 7+ years of relevant experience
• 3+ years of Life Valuation

DESIRED QUALIFICATIONS:

• Experience with PBR valuation
• Experience with actuarial valuation software packages
• Familiarity with Indexed life insurance
• Experience with LDTI

RESPONSIBILITIES:

• Support the production and oversight of reporting for reserves and other actuarial items – Statutory, GAAP, and Tax
• Conduct analysis of business trends and reserve movements
• Maintain and improve production processes
• Perform experience studies, recommend assumption updates, and quantify impacts for PBR and GAAP
• Work with auditors supporting various audit requirements (internal audit, external, regulatory)
• Explain and provide supporting analysis and insight for actuarial-driven financial results in a clear and timely manner
• Proactively share analysis and provide insight into our business with Pricing, FP&A, Inforce Management, Modeling Center of Excellence, and Tax areas