Associate Actuary, Life Valuation

Associate Actuary – Life Valuation Sponsorship is not available for this role JOB SUMMARY: The Associate Actuary will be responsible for calculating, analyzing, reporting, and explaining reserves and other actuarial financial statement items for the Indexed Universal Life. The individual will monitor policyholder behavior and profitability of the business and will also provide actuarial support to recurring and special projects. The Associate Actuary is expected to have a detailed knowledge of statutory valuation requirements and advanced GAAP accounting issues for life insurance products. RESPONSIBILITIES: Perform valuation on Life blocks with the focus on Principle-Based Reserves (PBR) Perform experience studies, recommend assumption updates, and quantify impacts for PBR business Conduct analysis of business trends and reserve movements Update annual PBR report and communicate with external auditors and regulators regarding the PBR model Support the production and oversight of reporting for reserves and other actuarial items – Statutory, GAAP, and Tax Familiar with GAAP accounting such as FAS97 and FAS133 and clearly communicate analysis to financial reporting stakeholders Proactively share analysis and provide insight into our business with Pricing, FP&A, Inforce Management, Modeling Center of Excellence, and Tax areas Core Work Days This position is presently onsite/hybrid with the expectation that you are in the office three days per week with current campus days being Tuesday, Wednesday and Thursday (subject to change with advance notification and manager discretion). Minimum Qualifications FSA designation from the Society of Actuaries with a minimum 7 years of actuarial experience within the Life Insurance sector, or Career ASA with a minimum 10 years of experience within the Life Insurance sector Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field At least 5 years of actuarial experience within actuarial modeling or actuarial valuation & financial reporting Proficiency in actuarial modeling software (such as PolySystems, MG-ALFA, GGY-AXIS) Skilled in database tools like SQL, DataBricks, Microsoft Access, etc. Comprehensive understanding of actuarial valuation requirements and techniques Proven analytical prowess and problem-solving capabilities A proactive attitude towards continuous improvement and challenging established norms Preferred Qualifications Comprehensive understanding of actuarial governance and control frameworks Demonstrated collaborative spirit and organizational synergy Excellent written and verbal communication skills 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 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 #LI-DO #LI-HYBRID Social Media Policy

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