Actuary Director, Life Insurance Valuation & Modeling

Experience more with a career at COUNTRY Financial! We’re excited you’re interested in a career at COUNTRY as we strive toward our vision - to enrich lives in the communities we serve. Our footprint spans coast to coast. But more important than where we operate, is the people who do the work. Apply today to help our organization grow and make a difference for our clients. About the role The Director of Life Insurance Valuation & Modeling provides strategic and technical leadership across all actuarial valuation, financial reporting, experience analysis, modeling, and Asset Adequacy Testing (AAT) activities. This role ensures the accuracy, timeliness, and integrity of statutory and management reporting while supporting risk management and financial strategy. The ideal candidate brings deep technical expertise, strong leadership, and a proactive approach to improving actuarial governance, models, processes, and insight generation. How does this role make an impact? - Responsible for oversight and development of staff, including supervisory activities (e.g. performance evaluations, goal setting) as well as professional (technical, skill) and personal development. - Oversees a specific actuarial function within the life/health/annuity actuarial division - includes overseeing activities, planning and visioning of future activities, and communicating results/recommendations to division and company leadership. - Ensures work is completed according to applicable regulation and actuarial standards of practice, including maintaining current SOA Continuing Professional Development requirements, as well as ensuring staff compliance. - Manages the implementation and maintenance of disaster recovery plans and activities in assigned areas. Maintains current contact information for all employees in applicable areas and communicates with non-recovery employees during a disaster. Do you have what we're looking for? Valuation & Financial Reporting Lead the preparation and review of actuarial liabilities for statutory, tax, and management reporting. Ensure compliance with regulatory requirements including PBR, VM‑20, VM‑21, VM‑22 and all applicable NAIC guidelines. Oversee reserve calculations and checks for the company’s current and legacy products. Communicate financial results, drivers, and trends to executive leadership and key stakeholders. Experience Studies & Assumption Governance Lead regular experience studies for mortality, lapse, expenses, premium persistency, investment returns, and other key metrics. Develop and maintain actuarial assumptions in alignment with corporate governance processes. Identify emerging trends and recommend assumption changes to support valuation accuracy and pricing consistency. Actuarial Modeling Oversee development, maintenance, and enhancement of actuarial models supporting valuation, planning, analytics, and risk management. Ensure models are efficient, controlled, auditable, and aligned with industry best practices. Partner with IT and model governance teams on architecture, model conversions, and modernization efforts. Asset Adequacy Testing (AAT) & Risk Support Lead the company’s Asset Adequacy Testing, including scenario development, model execution, documentation, and management reporting. Provide actuarial insights to Asset-Liability Management (ALM) and Investment teams, including reserve sensitivity, duration mismatch, and capital implications. Support risk monitoring activities including capital analysis, RBC, liquidity stress testing, and ORSA components. Process Improvement & Controls Strengthen actuarial controls, documentation standards, and audit readiness. Drive automation, process modernization, and operational efficiency across reporting cycles. Lead or support remediation efforts tied to audit findings, regulatory changes, or process gaps. Leadership & Collaboration Manage, mentor, and develop a team of valuation actuaries, analysts, and modelers. Foster a culture of accuracy, accountability, and continuous improvement. Collaborate with Finance, Risk, Product Management, Reinsurance, and IT to ensure alignment across actuarial functions. Effectively communicate complex actuarial and financial concepts to senior leadership. Qualifications FSA preferred; ASA with significant valuation/reporting experience may be considered. 10 years of actuarial experience in life insurance valuation, modeling, or financial reporting. Strong knowledge of NAIC valuation standards, PBR/VM‑20/VM‑21/VM-22/VM-30/VM-31, and RBC frameworks. Proven leadership experience with teams or large-scale actuarial processes. Proficiency with actuarial modeling platforms (particularly Prophet). Excellent analytical, communication, and organizational skills. #LI-CORP Base Pay Range: $212,400-$292,050 The base pay range represents the typical range of potential salary offers for candidates hired. Factors used to determine your actual salary include your specific skills, qualifications and experience. Incentive Pay: In addition to base salary, this position is eligible for both a Short-Term Incentive plan and a Long-Term Incentive plan. Why work with us? Our employees and representatives serve nearly one million households with our diverse range of personal and business insurance products as well as retirement and investment services. We build relationships and work together to create a stronger, more secure future for our clients and our communities. We’re a big company, yet small enough you can make an impact and won’t get lost in the shuffle. You’ll have the opportunity to learn and grow throughout your career, either within this role or by exploring other areas of our business. You’ll be able to take advantage of our benefits package, which includes insurance benefits (medical, dental, vision, disability, and life), 401(k) with company match. COUNTRY Financial is committed to providing equal opportunity in all areas of employment, and in providing employees with a work environment free of discrimination and harassment. Employment decisions are made without regard to race, color, religion, age, gender, sexual orientation, veteran status, national origin, disability, or any other status protected by applicable laws or regulations. COUNTRY is headquartered in Bloomington, IL and offers hybrid, onsite and remote opportunities. If you're based at our Bloomington, IL corporate office, you'll enjoy a hybrid work schedule - three days in the office and two days working remotely. For roles posted as remote, candidates who live more than 50 miles from Bloomington, IL may qualify for a fully remote arrangement. From the moment you’re hired, we invest in you. We know job satisfaction fuels your contribution, so we offer competitive benefits and make investments that help you achieve your professional goals: Insurance benefits (medical, dental, vision, disability and life) 401(k) with company match Paid time off, parental leave, paid company holidays and paid time off to volunteer in your community Tuition assistance and industry education certificates and designations Employee resource groups to connect with your peers. Take the next steps to experience more with careers at COUNTRY Financial and apply today! Have additional questions? Get in touch with Human Resources at jobs@countryfinancial.com Provide your information to our recruiters for future opportunities by joining our talent community. Check out additional opportunities: to invest in your future with a COUNTRY Financial Internship sales opportunities through Agency Careers at our parent company Illinois Farm Bureau © 2024 CC Services Inc., All rights reserved. Terms of Use | Privacy & Security | Accessibility COUNTRY Financial® is a family of affiliated companies (collectively, COUNTRY) located in Bloomington, IL. Learn more about who we are. Investment management, retirement, trust, and planning services provided by COUNTRY Trust Bank®. The investment objectives, risks, charges, and expenses of an investment company should be carefully considered before investing.

Salary : $212,400 - $292,050