AVP & Actuary – Enterprise Asset Liability Management Strategy

Job description

Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures. Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard. We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: **Do good. Be good. Make good.** *Please note that we do not offer visa sponsorship for this position.* ### **Role Summary** The AVP & Actuary – Enterprise Asset Liability Management Strategy serves as the Company’s senior actuarial advisor responsible for advancing the analytical framework used to evaluate the interaction of assets, liabilities, product design, and investment strategies. Reporting directly to the Chief Actuary, this role provides enterprise insights that support profitable growth, balance sheet management, and long-term financial performance. Working across the Actuarial, Investments, Product Development, Finance, and Enterprise Risk Management organizations, this role provides analytical insights into how business decisions influence profitability, balance sheet performance, and long-term value creation. The ideal candidate possesses deep expertise in life and annuity products, asset-liability interactions, and enterprise financials, along with the ability to influence senior leaders through analytical insight, collaboration, and strategic thinking. This position currently offers an onsite work schedule, with the expectation that you will be 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** - Develop enterprise ALM analyses and perspectives that enhance balance sheet management, profitability, and long-term business performance. - Provide actuarial insight into enterprise profitability drivers by integrating perspectives across liabilities, assets, product design, and investment performance. - Partner with Investments to evaluate asset-liability interactions and provide actuarial analyses supporting investment decision-making. - Partner with Product Development to assess the ALM implications of new products, pricing strategies, and other business initiatives. - Define strategic ALM analytical needs and partner with actuarial modeling teams to develop the modeling capabilities, scenario analyses, and frameworks required to evaluate enterprise decisions. - Monitor emerging economic, regulatory, accounting, and industry developments and assess their implications for the Company’s financial strategy. - Present strategic analyses and actionable insights to executive leadership that inform enterprise strategy and business decisions. - Represent the actuarial organization on cross-functional strategic initiatives while building strong partnerships across Investments, Product Development, Finance, Capital Management, Risk Management, and executive leadership. - Model National Life Group’s Servant Leadership Tenets and organizational values while promoting collaboration, innovation, and continuous learning. - All other duties as assigned. ### **Minimum Qualifications** - Bachelor’s degree in actuarial science, mathematics, finance, economics, statistics, or a related quantitative discipline and 19 or more years of related work experience, **OR** an advanced degree and 16 or more years of related experience, **OR** 23 or more years of total equivalent work experience - Fellow of the Society of Actuaries (FSA) - Progressively responsible actuarial experience within the life insurance industry - Deep expertise in life and annuity products, asset-liability management, actuarial modeling, and enterprise financial dynamics, with a strong understanding of product design, investment portfolios, and asset-intensive business - Experience influencing executive-level decisions through analytical insight - Exceptional communication and presentation skills with the ability to translate technical analyses into actionable business insights - Demonstrated ability to build strong cross-functional relationships across actuarial, investments, finance, and other business partners - Ability to pass a full background investigation ### **Preferred Qualifications** - Knowledge of U.S. GAAP, Statutory, and Economic financial reporting and their implications for asset liability management - Experience supporting strategic reinsurance initiatives and enterprise financial planning - Expertise with actuarial modeling platforms including MG-ALFA or comparable modeling systems - Experience with indexed life insurance and annuity products ### **AI Proficiency Expectations:** At National Life Group, we view AI as an enabler of human potential. We use AI to help us work smarter, serve more clients, and keep our promises, while remaining a relationship-driven business where our people are our greatest strength. **All applicants are expected to:** - Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work. - Stay curious and open to new AI-enabled ways of working. - Exercise sound judgment by reviewing and validating AI-generated content. - Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life's AI guiding principles. - Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention, and intellectual property. ### **Core Competencies** **Establishes Strategic Direction** - Shapes a compelling strategy through planning and alignment to set the organization apart from competitors; Ability to anticipate various outcomes and plans ahead; Has broad knowledge and perspective. **Decision Making and Judgement** - Makes informed decisions regarding business direction that considers facts, constraints, and risks. **Drives Execution** - Establishes accountability for hitting business targets; Tracks progress on key metrics; Balances long-term strategic objectives with short-term tactical goals. **Demonstrates Emotional Intelligence** - Exhibits the ability to recognize, understand, and manage emotions and how emotions can influence others; Uses a combination of feedback and reflection to gain productive insight into personal strengths and opportunities. **Exhibits Critical and Creative Thinking** - Engaging thinking skills that focus on logic and reasoning to make decisions (critical) and innovative solutions to solve problems (creative). **Leads Organizational Change** - Develops strategic goals and allocates resources to align with large-scale organizational shifts. **Organizational Awareness** - Uses knowledge of the organizational culture to solve problems and accomplish goals. **Drives Vision and Purpose** - Paints a compelling picture of the vision and strategy that motivates others to action. ### **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](https://www.nationallife.com/docs/digital/nl-people-center/Benefits.html)! **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 (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors. National Life is accepting applications for this role on an ongoing basis and the role remains open until filled. Salary Pay Range $215,625—$316,250 USD National 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. [Social Media Policy](https://www.nationallife.com/Social-Media-Policy) [Site Disclosure and Privacy Policy](https://www.nationallife.com/Privacy-Legal-Information) National Life Group 1 National Life Dr Montpelier, VT 05604