Role Summary

This individual will support and may lead initiatives related to design and pricing of indexed and fixed annuity products. This includes product design, actuarial modeling, pricing, actuarial support of regulatory filings and support of sales ideas. This position will work closely with the broader L&A Solutions team, Distribution/Field Leaders, and Marketing to ensure new products and features are aligned with the company’s strategic goals.

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

• Communicates efficiently and effectively, orally and in writing, with both internal and external audiences.
• Understands pricing practices, and develops as well as oversees modeling to set appropriate rates, understand profitability, and analyze sensitivities.
• Understands and can reverse engineer key features of competitor products.
• Train and mentor actuarial students/analysts as needed.
• Provide support to other business areas.
• Consult or advise on broader matters that may or may not be actuarial in nature.
• Coordinates and reviews work of outside actuarial consultants.
• Able to strategically solve unique and complex problems.
• Partner with the policy forms team to review forms as needed.
• Prepare or review actuarial materials required to secure state approvals.
• Prepare or review product specifications and actuarial reports.
• Provide and discuss pricing results as well as sensitivity-analysis to senior Actuaries of the Company, including Product Risk Management Committee and Investments Risk Management committee.
• Present product features and/or actuarial results to Distribution Leadership, Product Risk Committee, Project Teams, Senior Management, and other stakeholders.
• Proactively identifies and ensures compliance with legal and regulatory requirements.
• Reviews product marketing material as appropriate.
• Reviews experience studies and sets pricing assumptions.

Minimum Qualifications

• Associate or Fellow of the Society of Actuaries with 4 or more years of actuarial experience.
• Good communication skills.
• Ability to work with Distribution Leadership and multiple stakeholders to design and develop new annuity products and features.
• Member of the American Academy of Actuaries.
• In-depth knowledge of annuity products and benefits.
• Working knowledge of applicable Valuation, Nonforfeiture, tax, risk-based-capital and other relevant regulations and standards.
• Self-motivated and result-focused.
• Must be able to successfully complete a background check that may include fingerprinting.

Preferred Qualifications

• Indexed Annuity Pricing experience
• Solid financial modeling experience using actuarial software, preferably MG-ALFA.

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!