Actuary – Model Development
About the role
Actuary – Model Development
Please note that we do not offer visa sponsorship for this position.
Job Summary
The Actuary will be responsible for building, testing, and validating MG-ALFA models and will report to the Model Steward. The model is used for Asset Adequacy Testing, Asset/Liability Management, Statutory Forecasting, ORSA, VNB, and to support various special project initiatives. The individual will streamline our modeling functionality to enable efficient and reliable projection capabilities. The Actuary is expected to have detailed knowledge of MG-ALFA, Statutory accounting, and GAAP accounting.
Responsibilities
- Ownership of all aspects of the technical functionality of MG-ALFA models
- Develop and maintain model inputs, model interface, model reports, and database
- Participate and provide thought leadership in model governance, assumption maintenance, and model change management, including User Acceptance Testing
- Lead projects to implement new products, riders, and model functionality
- Provide a validated and locked-down production model to end users on a quarterly basis
- Partner with the IT department to identify and implement areas for automation and efficiency
- Lead development of functionality related to ad-hoc projects and one-off requests, working closely with business partners to ensure appropriate usage of models for new contexts
Required Qualifications
- Bachelor’s degree in Actuarial Science, Mathematics, Computer Science, Statistics, Economics, or related field
- FSA or Career ASA professional designation
- 8+ years of actuarial experience with 5+ years of modeling experience
- MG-ALFA expertise or any modeling software
- Advanced knowledge of Statutory and GAAP accounting preferred
- Significant experience with Annuities, including Fixed-Indexed Annuities or Life Insurance, including Indexed Universal Life
Benefits
- Your benefits start day one and are flexible and customizable to your and your family’s specific needs.
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.