Actuary: MG-ALFA Model Dev & Validation Lead

National Life Insurance Company Limited; Addison, Montpelier (TX, VT); Hybrid; USD 139,000 - 204,000; Full time

Job summary

National Life Group in Addison, TX is seeking an experienced Actuary to build, test, and validate MG-ALFA models for Asset Adequacy Testing and related initiatives. The role emphasizes streamlining modeling functionality for efficient projections and requires deep MG-ALFA, statutory and GAAP knowledge.

The position currently offers onsite work four days a week (Mon–Thu) with core days subject to change. A strong actuarial background in life insurance and annuities is essential for success in

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Computer Science, Statistics, Economics, or related field and 8+ years of related work experience.
• FSA or Career ASA professional designation.
• 5+ years of modeling experience.
• MG-ALFA expertise or any modeling software.
• Significant experience with Annuities, including Fixed-Indexed Annuities.

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
• All other duties as assigned.

Skills

FSA/ASA designation

Modeling experience

Annuities knowledge

Life insurance domain

Education

Bachelor's degree in Actuarial Science, Mathematics, Computer Science, Statistics, Economics, or related field

Tools

MG-ALFA

Job description

National Life Group in Addison, TX is seeking an experienced Actuary to build, test, and validate MG-ALFA models for Asset Adequacy Testing and related initiatives. The role emphasizes streamlining modeling functionality for efficient projections and requires deep MG-ALFA, statutory and GAAP knowledge.

The position currently offers onsite work four days a week (Mon–Thu) with core days subject to change. A strong actuarial background in life insurance and annuities is essential for success in