Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.
Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.
We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.
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.
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- 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
- 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
- Comprehensive understanding of actuarial governance and control 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!
Base Pay Range. The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances.
Additional Compensation and Benefits. The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors.
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.
Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.
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National Life Group
1 National Life Dr
Montpelier, VT 05604
Skills Required
- FSA designation from the Society of Actuaries
- Minimum 7 years of actuarial experience within 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 valuation & financial reporting
- Proficiency in actuarial modeling software
- Skilled in database tools like SQL
- Comprehensive understanding of actuarial valuation requirements and techniques
- Proven analytical prowess and problem-solving capabilities
- Proactive attitude towards continuous improvement
National Life Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about National Life Group and has not been reviewed or approved by National Life Group.
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Wellbeing & Lifestyle Benefits — Onsite fitness centers, group exercise spaces, a wellness incentive program, and campus amenities like onsite dining and an employee garden create a robust lifestyle offering. These elements collectively signal meaningful investment in day‑to‑day wellbeing resources.
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Healthcare Strength — Multiple medical plan options are complemented by onsite therapists at main campuses, an EAP, and mindfulness tools. Recognition for workplace mental health underscores accessible support for emotional and psychological needs.
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Leave & Time Off Breadth — Paid time off and a dedicated bank of paid volunteer hours are positioned as core parts of the package. Emphasis on community time reinforces the breadth of time‑away programs beyond standard vacation and holidays.
National Life Group Insights
What We Do
At National Life, our story is simple: for over 176 years we’ve worked hard to deliver on our promises to millions of people with our vision of providing peace of mind in times of need. It’s our cause, stemming from a deep passion to live our values to do good, be good and make good, every day. Learn more at nationallife.com. 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 (FINRA.org) SIPC (SIPC.org), is a Broker/Dealer and Registered Investment Adviser. All companies referenced are affiliated. https://www.nationallife.com/Contact TC141190(0424)3
