What are the responsibilities and job description for the Director – Balance Sheet Forecasting, Corporate Development position at National Life Group?
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
This position reports to the AVP of Corporate Development and Analytics and is responsible for statutory balance sheet forecasting and analysis. These forecasts will serve as the basis for all corporate development analytics including RBC & rating agency capital projections, capital generation and deployment recommendations, and balance sheet optimization. This individual is expected to have detailed knowledge of the company's financial and actuarial models, solvency and rating agency capital frameworks, asset/liability management, the US statutory accounting framework, enterprise risk management, and model governance.
Essential Duties And 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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Site Disclosure and Privacy Policy
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
This position reports to the AVP of Corporate Development and Analytics and is responsible for statutory balance sheet forecasting and analysis. These forecasts will serve as the basis for all corporate development analytics including RBC & rating agency capital projections, capital generation and deployment recommendations, and balance sheet optimization. This individual is expected to have detailed knowledge of the company's financial and actuarial models, solvency and rating agency capital frameworks, asset/liability management, the US statutory accounting framework, enterprise risk management, and model governance.
Essential Duties And Responsibilities
- Develop, maintain, and enhance our statutory balance sheet forecasting
- Partner with Actuarial, FP&A, Tax, and Investments to ensure projections are appropriately calibrated to functional areas
- Produce regular reporting analytics to support capital generation and deployment
- Support and participate in Enterprise Risk Management capital analysis
- Participate in model governance activities, including model validation, model change management, and documentation
- Partner with internal constituents to ensure capital projection needs are being adequately met
- 5 years of Life and Annuity experience, preferably in accounting, financial reporting, tax, investments, or actuarial
- Ability to build and deliver executive level recommendations based on fact-based analysis
- Must be able to deliver results in a fast-paced environment with minimal oversight
- Strong oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
- Knowledge of life insurance, annuity, and investment products and terminology
- Must have a proficiency in Microsoft Office Suite (Word, Excel, Outlook)
- Strong interpersonal skills; ability to work independently as well as being a team player
- Strong coordination, communication, and influencing skills
- FSA or career ASA or CFA or CPA
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field
- Experience with financial modeling and/or actuarial software, MG-ALFA/Integrate preferred
- Experience with Big Data software, Alteryx & Tableau preferred
- Ability to work effectively with team members in different geographic locations
- 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
