What are the responsibilities and job description for the Life and Annuity Solutions - Annuity Product Associate Actuary position at National Life Group?
Please note that we do not offer visa sponsorship for this position.
Come join a high-performing dynamic team at a mission-oriented, innovative company that is focused on serving the middle market by bringing valuable Life Insurance solutions to our customers and distribution partners!
Executive Summary
This individual will play a key role in leading and supporting initiatives related to the design and pricing of indexed and traditional fixed annuity products, both as an individual contributor and through oversight and direction of supporting resources. Job responsibilities primarily center around product design, actuarial modeling, pricing, new-money rate setting, actuarial support of regulatory filings, and evaluation of sales and design concepts. The individual will work closely with the broader L&A Solutions team, Distribution/Field Leaders, and Marketing to ensure new products and features are aligned with the company’s strategic goals, financial objectives, and risk appetite.
Key Responsibilities
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 is accepting applications for this role on an ongoing basis and the role remains open until filled.
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.
National Life Group
1 National Life Dr
Montpelier, VT 05604
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Come join a high-performing dynamic team at a mission-oriented, innovative company that is focused on serving the middle market by bringing valuable Life Insurance solutions to our customers and distribution partners!
Executive Summary
This individual will play a key role in leading and supporting initiatives related to the design and pricing of indexed and traditional fixed annuity products, both as an individual contributor and through oversight and direction of supporting resources. Job responsibilities primarily center around product design, actuarial modeling, pricing, new-money rate setting, actuarial support of regulatory filings, and evaluation of sales and design concepts. The individual will work closely with the broader L&A Solutions team, Distribution/Field Leaders, and Marketing to ensure new products and features are aligned with the company’s strategic goals, financial objectives, and risk appetite.
Key Responsibilities
- Develop and oversee models to set appropriate rates, understand profitability, and analyze sensitivities
- Provide analysis and review experience studies to develop or adjust pricing assumptions
- Strategically solve unique and complex problems
- Help provide detailed analysis on key competitive features in the marketplace
- Present product features and/or actuarial results to Distribution Leadership, Product Risk Committee, Project Teams, Senior Management, and other stakeholders
- Train, mentor, and oversee / direct the work of actuarial students / analysts
- Provide ad-hoc support to other business areas as needed
- Effectively coordinate and review the work of outside consultants
- Partner with the policy forms team to review forms and prepare / review actuarial materials required to secure state approvals
- Prepare / review product specifications and actuarial reports
- Proactively identify and ensure compliance with legal and regulatory requirements
- Review product marketing materials as appropriate
- 6 years of relevant experience in pricing annuity products with indexed annuity products strongly preferred
- FSA required, MAAA preferred
- In-depth knowledge of annuity products and features including applicable valuation, nonforfeiture, tax, risk-based capital, illustration, and other relevant regulations and standards
- Excellent oral and written communication skills, including the ability to communicate effectively with less technical audiences
- Highly effective teamwork and collaboration skills
- Solid financial modeling experience using actuarial software, preferably MG-ALFA
- Extensive experience with Microsoft Office suite
- The candidate must be able to successfully complete a background check that may include fingerprinting
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 is accepting applications for this role on an ongoing basis and the role remains open until filled.
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.
National Life Group
1 National Life Dr
Montpelier, VT 05604
Social Media Policy
Site Disclosure and Privacy Policy
