Associate Actuary, Life Pricing

 Please note that we do not offer visa sponsorship for this position.

Role Summary

This individual will play a key role in leading and supporting initiatives related to the design and pricing of indexed and fixed/traditional life products, both as an individual contributor and through oversight and direction of supporting resources.  Job responsibilities primarily center around product design, actuarial modeling, pricing, actuarial support of regulatory filings and evaluation of sales and design concepts.  The individual will work closely with the broader L&A Solutions team, Business Innovation Group and Distribution/Field Leaders to ensure new products and features are aligned with the company’s strategic goals, financial objectives, and risk appetite. 

This position currently offers an onsite work schedule, with the expectation that you are 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

• Develop and oversee models to set appropriate rates, understand profitability, and analyze sensitivities.
• Provide analysis to aid in the development of 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 marketing materials as appropriate. 

Minimum Qualifications

• At least 6+ years of relevant experience, with experience in pricing Individual Life products (and especially Indexed UL) strongly preferred
• Active actuarial credentials-FSA or Career ASA required
• In-depth knowledge of Life products and benefits, including applicable valuation, nonforfeiture, 7702/7702A, illustration, and other relevant standards.
• Excellent oral and written communication skills, including the ability to communicate effectively with less technical audiences
• Highly effective teamwork and collaboration skills
• Extensive experience with Microsoft Office suite.
• The candidate must be able to successfully complete a background check that may include fingerprinting. 

Preferred Qualifications

• Solid financial modeling experience using actuarial software, preferably MG-ALFA. 
• MAAA preferred

Benefits

• 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!