Actuarial Analyst/Life Associate Actuary

The Financial Regulatory Services, a division of the National Association of Insurance Commissioners (NAIC) is looking to hire either an Actuarial Analyst or Life Associate Actuary. This team member will be tasked with supporting regulators in the continued evolution of the NAIC’s Principle-Based Reserving and Life Risk-Based Capital frameworks. Continual development of technical skills to adjust to evolving needs is essential. This is a full-time hybrid position. Residency within 100 miles of the Kansas City, Missouri office is required.

Responsibilities Include

• Provides primary or secondary staff support for one or more Subgroups of the NAIC Life Actuarial (A) Task Force and/or Life RBC (E) Working Group as assigned. Plans meetings by coordinating with the chair to produce agendas, presentations, and work plans. Schedules meetings and serves as moderator. Produces minutes and summaries in accordance with the established methodologies and deadlines.
• Supports the implementation and maintenance of the NAIC’s Generator of Economic Scenarios (GOES) for statutory life insurance and annuity reserve and capital frameworks by performing analysis, monthly scenario set reviews, supporting field test(s) of new scenario sets, compiling results, and assisting in development of model governance processes and procedures.
• Performs AXIS model office testing to analyze the potential impact to life insurance and annuity reserves and/or capital from changes to reserving or risk-based capital methodologies and assumptions.
• Becomes a subject matter expert on sections of the Valuation Manual that provide specifics on Principle Based Reserving and Asset Adequacy Testing (VM-20, VM-21, VM-22, VM-30, VM-31), relevant Actuarial Guidelines, and Life Risk-Based Capital.
• Provides actuarial expertise in the form of research, analysis, and recommended interpretation of various issues related to the Valuation Manual and Risk-Based Capital.
• Performs actuarial analysis on PBR valuation methodologies and factors (e.g. mortality, lapse, company expense, and policyholder behavior) to advise on changes to the Valuation Manual.
• Assists in updating PBR default and spread tables in the Valuation Manual and publishing VM-V rates.

Minimum Education and/or Experience Required

• Bachelor’s degree in actuarial science, Mathematics, Statistics, or similar degree from an accredited college or university and at least 2 years of actuarial experience working in pension risk transfer annuities, accelerated underwriting, mortality experience studies, life or annuity valuation, life or annuity pricing, predictive analytics, and data visualizations or an equivalent combination of education and experience.

Actuarial Exam Requirement:

Actuarial Analyst

• Must have completed two actuarial exams

Life Associate Actuary

• Must have obtained Associate of the Society of Actuaries designation

Preferred Experience

Minimum of one to three years of finance, accounting, or analytical related experience

Tableau, and Basic SQL querying

Systems & Technology Requirements

• Proficiency with Microsoft Excel (including macros), SharePoint, PowerPoint, and other Microsoft Office products.
• Proficiency with actuarial modeling software, particularly Moody’s Analytics AXIS.
• Proficiency with Tableau, SQL, and statistical software (e.g., SAS, R).

Travel

This position may require some out-of-state, overnight travel in support of member meetings and events throughout the year.

Compensation

$92,263 up to $150,000, commensurate with education and experience.

Sponsorship

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

The NAIC is proud to be an Equal Opportunity Employer

Applicants for all positions are considered without regard to age, race, creed, color, religion, sex, sexual orientation, gender identity or expression, national origin or ancestry, marital status, pregnancy, genetic information, military or veteran status, disability, or any other basis protected by applicable law.