What are the responsibilities and job description for the Actuary – Annuity Valuation position at National Life Group?
Actuary – Annuity Valuation
JOB SUMMARY:
The Actuary will be responsible for calculating, analyzing, reporting, and explaining reserves and other actuarial financial statement items for Fixed Indexed Annuity 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 annuity products.
RESPONSIBILITIES:
- Support the production and oversight of reporting for reserves and other actuarial items – Statutory, GAAP, and Tax on FIA business
- Conduct analysis of business trends and reserve movements
- Maintain and improve production processes
- Perform experience studies, recommend assumption updates, and quantify impacts for GAAP unlock
- 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 Exellence, and Tax areas
QUALIFICATIONS:
- FSA or Career ASA or equivalent professional designation
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field
- 10 years of relevant experience
- Experience with a valuation software package
In office (TX or VT) 3 days a week required. Not currently open to fully remote candidates.
The base compensation range represents the low and high end of the range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to qualifications, skills, competencies, location, and experience. The range 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 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.
Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.
National Life Group
1 National Life Dr
Montpelier, VT 05604
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