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2nd Vice President & Annuity Pricing Actuary

Company Name:
National Life Group
Summary

This position is within annuity product development area in Addison. The individual is responsible for providing actuarial analytics, and pricing analysis including reserve and capital impact to senior management. The role includes involvement in rate determination as well as Policy-form filings, as necessary. This individual must be able to work on design and development of various annuity products and assume responsibility for the profitability and performance of the product. There is significant involvement with Corporate Actuarial area in our Vermont campus.

Key Responsibilities

Demonstrates an ability to meet multiple, dynamic demands on a daily basis and to balance those demands with the ability to plan and execute tactics for the future.
Understands pricing practices and implements annuity plans that incorporate complex policyholder options while demonstrating acceptance of increasing levels of responsibility.
Understands the aspects of policyholder options and the hedging thereof.
Communicates efficiently and effectively, orally and in writing, with both internal and external audiences.
Provides guidance and advice regarding rates and related matters. Plays an active role in the preparation and interpretation of data and related formulae.
Monitors level and trend of profit and profitability by product lines.
Communicates with Corporate Actuarial to ensure valuation impact of new designs are appropriately reflected in design and pricing models.
Ensures suitable pricing model projections or spreadsheets are developed to assess proposals.
Evaluates financial impact and risk profile of products or enhancements.
Present findings to Head of Annuity Product Development, and other senior executives.
Understands and communicates key features of competitor products.
Manages and provides technical guidance to the staff responsible for conducting actuarial studies and activities.
Ensures suitable documentation of final pricing results.
Ensures compliance with legal and regulatory requirements.
Responds or guides responses to disapprovals of filings.
Stays current with related product state and federal regulations.
Assesses impact of new or proposed regulations on existing products.
Researches product design changes to minimize negative impact of new or proposed regulations.
Performs and/or oversees analysis of changes to actuarial assumptions.
Establishes and/or guides the development of state-of-the-art projection models; coordinates model development and use with Corporate Actuarial.
Understands the theory and practice of decrement table construction and can, as is necessary, direct or participate in the analysis of experience for the development of new decrement tables.

Requirements

Fellow of the Society of Actuaries or strong Career ASA with a Bachelor's degree in Actuarial Science, Finance, Mathematics, Risk Management, or Accounting
ALFA Pricing preferred
10+ years of industry experience
Member of the American Academy of Actuaries, in good standing, and currently compliant with all continuing education requirements.
Excellent written and verbal communication skills; strong leadership skills and influencing abilities, along with current market and product knowledge.
Ability to work with Distribution Leadership to design and develop new products.

National Life Group is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest, Addison, TX, 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.

TC80740(0714)P

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