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National Life

Longstanding life insurer providing financial protection

Associate Actuary - Life Valuation

Actuarial & Risk ModellingConfirmed live in the last 24 hours
Full-time

About the Job

Requirements

  • FSA designation from the Society of Actuaries with at least 7 years of actuarial experience in the life insurance sector, or Career ASA with at least 10 years of experience in the life insurance sector.
  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field.
  • At least 5 years of actuarial experience in actuarial modeling or actuarial valuation and financial reporting.
  • Proficiency in actuarial modeling software such as PolySystems, MG-ALFA, or GGY-AXIS.
  • Skill with database tools such as SQL, DataBricks, or Microsoft Access.
  • Comprehensive understanding of actuarial valuation requirements and techniques.
  • Ability to analyze and solve problems.
  • Ability to leverage approved AI tools where appropriate, remain open to AI-enabled ways of working, review and validate AI-generated content, and maintain accountability for accuracy, quality, fairness, and integrity in accordance with company policies on confidentiality, data privacy, security, compliance, retention, and intellectual property.

Responsibilities

  • Perform valuation on life blocks, focusing on Principle-Based Reserves (PBR).
  • Perform experience studies, recommend assumption updates, and quantify impacts for PBR business.
  • Analyze business trends and reserve movements.
  • Update the annual PBR report and communicate with external auditors and regulators about the PBR model.
  • Support production and oversight of reporting for reserves and other actuarial items across Statutory, GAAP, and Tax reporting.
  • Apply knowledge of GAAP accounting, including FAS97 and FAS133, and communicate analysis to financial reporting stakeholders.
  • Share analysis and provide business insights to Pricing, FP&A, Inforce Management, the Modeling Center of Excellence, and Tax areas.

Desired Qualifications

  • Comprehensive understanding of actuarial governance and control frameworks.

About the Company

National Life

Longstanding life insurer providing financial protection

National Life provides life insurance and related financial services through its group of affiliated companies. Its offerings include life insurance for individuals and groups, plus investment and retirement products provided by its broker-dealer and registered investment adviser affiliates. The policy structure typically includes death benefits and potential cash value growth, funded by regular premiums over time. The company relies on a long-standing history (since 1848) and a network of affiliated entities to serve clients with financial protection and planning solutions. National Life positions itself on steady, values-driven service with a focus on providing financial peace of mind in times of need. Its goal is to help people secure their families’ futures and support financial stability through responsible, transparent coverage and guidance.

Company size
1,001-5,000
Company stage
Not listed
Total funding
$15.8M
Headquarters
Montpelier, VT
Founded
1848

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