What are the responsibilities and job description for the Assistant Actuary, Financial Planning & Analysis position at National Life Group?
Please note that we do not offer visa sponsorship for this position.
Company Summary
Come join one of America’s fastest growing insurance companies with a stable history of 175 years. At National Life Group (“NLG”), we offer a flexible work environment with opportunity for growth. As a mission-driven business, our promises are as important as the products we sell. We encourage our associates to live our values: Do Good. Be Good. Make Good.
Our mission extends beyond the insurance and annuities policies that we sell. Our cause is also to make the world a better place through grants from our charitable foundation, paid time for our employees to volunteer, environmentally sustainable and healthy work sites, and events that promote the work of nonprofits in our own backyard.
We invite you to explore what we have to offer and to join our cause.
Role Summary
The Assistant Actuary will model and analyze GAAP/Statutory financial results for life insurance products. This role entails adapting models for new products, sensitivity work, regulatory demands, business expansions, and strategic projects. This role will require an analytical problem-solving mindset and the ability to dig into financial results and communicate findings to stakeholders. The Assistant Actuary will be expected to collaborate across Valuation, Finance, Product Development, Risk, and IT departments. This role will report to the Director & Actuary of Financial Planning & Analysis
Key Responsibilities
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
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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Company Summary
Come join one of America’s fastest growing insurance companies with a stable history of 175 years. At National Life Group (“NLG”), we offer a flexible work environment with opportunity for growth. As a mission-driven business, our promises are as important as the products we sell. We encourage our associates to live our values: Do Good. Be Good. Make Good.
Our mission extends beyond the insurance and annuities policies that we sell. Our cause is also to make the world a better place through grants from our charitable foundation, paid time for our employees to volunteer, environmentally sustainable and healthy work sites, and events that promote the work of nonprofits in our own backyard.
We invite you to explore what we have to offer and to join our cause.
Role Summary
The Assistant Actuary will model and analyze GAAP/Statutory financial results for life insurance products. This role entails adapting models for new products, sensitivity work, regulatory demands, business expansions, and strategic projects. This role will require an analytical problem-solving mindset and the ability to dig into financial results and communicate findings to stakeholders. The Assistant Actuary will be expected to collaborate across Valuation, Finance, Product Development, Risk, and IT departments. This role will report to the Director & Actuary of Financial Planning & Analysis
Key Responsibilities
- Communicates efficiently and effectively, orally and in writing, with both internal and external audiences.
- Utilizes various software to forecast life insurance results under GAAP & Statutory frameworks
- Able to dig into and communicate discrepancies in results vs forecasts on a quarterly basis
- Conducts sensitivity analysis under GAAP framework
- Identifies and takes initiative to make improvements to current processes
- Consults or advises on broader matters that may or may not be actuarial in nature.
- Identifies knowledge gaps within the business and provides insights with minimal direction
- Executes the integration and optimization of new processes, technological advancements, and business expansions
- Able to strategically solve unique and complex problems.
- Provides support to other business areas.
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
- ASA designation from the Society of Actuaries
- Minimum of 4 years of actuarial experience within the life insurance sector
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field
- 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
- 4 years of actuarial experience within actuarial modeling or actuarial valuation & financial reporting
- Comprehensive understanding of GAAP & Statutory financial frameworks
- Demonstrated collaborative spirit and organizational synergy
- Excellent written and verbal communication skills
- 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!
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
