AVP & Actuary - Inforce Management

Actuary/AVP – Inforce Management

 

Summary

The Actuary/AVP – Inforce Management reports to the VP-Inforce Management. The position leads the Inforce Actuarial Pricing unit with a focus on improving profitability for the Life and Annuities blocks of business along with ensuring sales and growth targets are achieved. The position specifically manages initiatives related to inforce experience studies including annual expense analysis, illustration actuary testing, rate setting for Life and Annuities products, and other profitability management processes.  The role will include ongoing production work, annual processes as well as strategic projects.

 

Key Functional Responsibilities

• Key contributor on profitability management and recommendations on pricing changes needed
• Coordination with Product Development and the L& A Delivery Solutions areas to ensure business requirements are met along with profitability targets
• Recommend and implement rate changes while balancing profitability and competitiveness.
• Coordinate, manage and analyze experience studies for pricing and Inforce Management support
• Manage and develop actuarial staff in the inforce pricing unit
• Actuarial support of product state filings.
• Pricing assumption review and recommendations for repricing
• Ad hoc projects as assigned.
  

Leadership Responsibilities

• Models Servant Leadership Tenets in all aspects of leading the Inforce Management pricing team
• Lead and develop direct reports by fostering and supporting career development, motivating, engaging and capitalizing on employee strengths.
• Build cross-functional partnerships with other business units and teams throughout the organization (L&A Solutions – Product Development, Corporate Actuarial, Finance, Investments, Law) using clear communications and transparency.
• Conduct regular one-on-one meetings with staff to facilitate open dialogue within group and cascade appropriate communications.

 

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance or related field
• Strong communication skills and business acumen.
• Self-motivated and result-focused.
• FSA with a minimum of 7 years of actuarial experience.
• Ability to work in a fast-paced, dynamic environment
• Solid financial modeling experience using actuarial software, preferably MG-ALFA.
• Working knowledge of applicable Statutory, Tax and GAAP valuation and other regulatory requirements
• Must be able to pass a full background check

 

 

The base compensation range represents the low and high end of the range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to qualifications, skills, competencies, location, and experience. The range listed is just one component of our total compensation package for employees.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 employmentNational 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. National Life Group1 National Life DrMontpelier, VT 05604Social Media Policy Site Disclosure and Privacy Policy