Associate Actuary, Annuity Pricing - Life and Annuity Solutions

Role Summary

Sponsorship is not available for this role.

This individual will support and may lead initiatives related to design and pricing of indexed and fixed annuity products. This includes product design, actuarial modeling, pricing, actuarial support of regulatory filings and support of sales ideas. This position will work closely with the broader Life & Annuity Solutions team, Distribution/Field Leaders, and Marketing to ensure new products and features are aligned with the company’s strategic goals.

This position currently offers an onsite work schedule, with the expectation that you are in the office four (4) days per week during onsite core days.  Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday.  The work schedule type and core days are subject to change with advance notification and manager discretion. 

Essential Duties and Responsibilities

• Provide and discuss pricing results as well as sensitivity-analysis to senior Actuaries of the Company, including Product Risk Management Committee and Investments Risk Management committee.
• Present product features and/or actuarial results to Distribution Leadership, Product Risk Committee, Project Teams, Senior Management, and other stakeholders.
• Reviews experience studies and sets pricing assumptions.
• Prepare or review actuarial materials required to secure state approvals.
• Prepare or review product specifications and actuarial reports.
• Partner with the policy forms team to review forms as needed.
• Understands pricing practices, and develops as well as oversees modeling to set appropriate rates, understand profitability, and analyze sensitivities.
• Understands and can reverse engineer key features of competitor products.
• Reviews product marketing materials as appropriate.
• Partner with the policy forms team to review forms as needed.
• Coordinates and reviews work of outside actuarial consultants.
• Train and mentor actuarial students/analysts as needed.
• Provide support to other business areas
• Consult or advise on broader matters that may or may not be actuarial in nature
• Proactively identifies and ensures compliance with legal and regulatory requirements

Minimum Qualifications

• FSA or career ASA designation from the Society of Actuaries
•  A minimum of 6 years of actuarial experience with in-depth knowledge of annuity products and benefits
• Solid financial modeling experience using actuarial software, preferably MG-ALFA.
• Working knowledge of applicable Valuation, Nonforfeiture, tax, risk-based-capital and other relevant regulations and standards.
• Ability to work with Distribution Leadership and multiple stakeholders to design and develop new annuity products and features.
• Self-motivated and result-focused
• Exceptional analytical acumen and advanced problem-solving skills
• Excellent written and verbal communication skills 
• Must be able to successfully complete a background check that may include fingerprinting

Preferred Qualifications

• Member of the American Academy of Actuaries
• Indexed Annuity Pricing experience a major plus

AI Proficiency Expectations

At National Life Group, we view AI as an enabler of human potential. We use AI to help us work smarter, serve more clients, and keep our promises, while remaining a relationship-driven business where our people are our greatest strength.

All applicants are expected to:

• Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work.
• Stay curious and open to new AI-enabled ways of working.
• Exercise sound judgment by reviewing and validating AI-generated content.
• Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life’s AI guiding principles.
• Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention and intellectual property.

Benefits

• Your benefits start day one and are flexible and customizable to your and your family’s specific needs. Check out the BENEFITS of a Career at National Life!