Actuary – Annuity Valuation
National Life Insurance Company · Addison, TX; Montpelier, VT · $138.8k–$203.5k
Posted by National Life Insurance Company on their careers site · View the original posting
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The posting, as National Life Insurance Company wrote it
Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.
Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.
We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.
Please note that we do not offer visa sponsorship for this position.
Role Summary
We are seeking an actuary to play a key role in the implementation of VM-22 Principle-Based Reserving for non-variable annuity products. This role provides actuarial expertise across the design, development, testing, governance, and operationalization of the company’s VM-22 valuation framework, with a focus on establishing a well-controlled, repeatable, and sustainable valuation capability.
This position partners across Actuarial, Pricing, Investments, IT, and other stakeholders to translate VM-22 requirements into effective valuation processes. The role provides subject matter expertise across methodology and assumption development, model specifications, asset modeling, data requirements, testing, controls, documentation, and production readiness, and supports the successful transition of VM-22 from implementation into ongoing financial reporting.
The ideal candidate brings significant actuarial experience, strong technical and analytical capabilities, and the ability to communicate complex actuarial concepts and implementation considerations to technical stakeholders and senior management.
This position currently offers an onsite work schedule, with the expectation that you will be 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
- Serve as a subject matter expert on VM-22, providing technical guidance on regulatory requirements, valuation methodology, modeling considerations, and implementation decisions.
- Lead the implementation of VM-22 across applicable annuity products and valuation processes.
- Develop and document VM-22 methodologies, assumptions, actuarial judgments, and implementation decisions.
- Provide actuarial expertise in asset modeling, including asset cash flows, reinvestment assumptions, asset-liability interactions, and investment strategy.
- Partner with stakeholders to define model requirements, support model development, and validate VM-22
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s. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances.
Additional Compensation and Benefits . The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors.
National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.
Hourly Pay Range
$138,750 — $203,500 USD
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.