AVP, Head of Life Insurance Pricing

National Life Group; Addison (TX); On-site; USD 184,000 - 270,000; Full time

Job summary

National Life Group seeks a Head of Life Insurance Pricing to lead pricing strategy, governance, and execution for the Life Insurance portfolio. You will guide actuarial expertise, drive pricing methodologies, and influence senior leadership on profitability and risk.

The role emphasizes collaboration across product, underwriting, finance, and compliance while building high-performing teams. This onsite role requires four in-office days per week (Mon–Thu core days) with potential schedule

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
• FSA designation.
• 12–15+ years actuarial experience in life insurance.
• Experience in life pricing or product development.
• Strong knowledge of Individual Life products (Indexed UL, Term, Whole Life).

Responsibilities

• Lead development and execution of pricing strategy for the Individual Life portfolio.
• Establish pricing and risk assessment approaches balancing growth, profitability, and capital efficiency.
• Provide actuarial leadership for pricing and performance reviews.
• Manage pricing assumptions, modeling efforts, and processes.
• Identify repricing actions and portfolio optimization opportunities.
• Advance pricing capabilities with data analytics and predictive modeling.
• Partner with underwriting to improve risk selection and pricing methods.
• Maintain pricing governance and compliance with standards and policies.
• Advise senior leadership on strategy, profitability, risk, and capital considerations.
• Develop and mentor pricing actuaries and analysts.

Skills

Leadership

Communication

Strategic thinking

Collaboration

Education

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field

Fellow of the Society of Actuaries (FSA) designation

Tools

MG-ALFA

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 Head of Life Insurance Pricing provides leadership for the strategy, governance, and execution of pricing across National Life Group’s Life Insurance product portfolio. This role establishes pricing strategies and techniques that support sustainable growth while balancing profitability, risk management, capital efficiency, and competitive positioning. This leader partners with senior stakeholders across the enterprise to shape pricing strategy, communicate results and drive effective business decisions. The role is responsible for the leadership of the Life Pricing team, advancing pricing methodologies and capabilities, and providing actuarial expertise and recommendations to senior leadership on complex pricing, profitability, and portfolio matters. The ideal candidate brings deep Life Insurance pricing and actuarial expertise, strong business acumen and interpersonal skills, leadership credibility, and a demonstrated ability to develop teams and influence across functions in a complex organization. The candidate is expected to have strong succession potential to lead the Life Product function. 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

• Lead the development and execution of the pricing strategy for the Individual Life insurance portfolio, leveraging a deep understanding of the marketplace, distribution systems and appropriate enterprise considerations.
• Establish pricing and risk assessment approaches that balance growth objectives, profitability, risk appetite, capital efficiency, competitive positioning, and speed-to-market.
• Provide actuarial leadership for the pricing, development, and ongoing performance review for the Life portfolio
• Oversee the development, evaluation, and ongoing management of all Life pricing assumptions, modeling efforts, and associated processes.
• Identify and recommend repricing actions, product adjustments, and portfolio optimization opportunities based on emerging experience, market dynamics, and business objectives.
• Advance pricing capabilities through data analytics, predictive modeling, new data sources, and emerging technologies.
• Partner effectively with underwriting to support continuous advancement of risk-selection processes and appropriate consideration in pricing and reserving methodologies.
• Maintain effective pricing governance and ensure pricing methodologies and assumptions comply with applicable actuarial standards of practice, regulatory requirements, and internal risk policies.
• Provide actuarial expertise and recommendations to senior leadership and governance committees regarding pricing strategy, product competitiveness, profitability, risk, and capital considerations.
• Build strong and effective partnerships across the enterprise with a continuous learning mindset, acts with an enterprise leadership mindset, and ensures pricing decisions align with enterprise objectives.
• Lead, develop, and provide direction to pricing actuaries and actuarial analysts while establishing high standards for actuarial modeling, analytical rigor, collaboration, and technical excellence.

Minimum Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
• Fellow of the Society of Actuaries (FSA) designation.
• 12–15+ years of actuarial experience within the life insurance industry.
• Significant experience in life insurance pricing or product development.
• Deep knowledge and experience with Individual Life Insurance products, especially Indexed UL, Term and Whole Life.
• Strong familiarity with applicable U.S. Stat, GAAP, and Tax regulations and standards.
• Demonstrated experience developing and evaluating actuarial pricing models, assumptions, profitability analyses, and financial projections.
• Experience partnering across product management, underwriting, finance, distribution, risk management, and other functions.
• Proven leadership experience managing and developing actuarial teams.
• Demonstrated ability to communicate complex actuarial and pricing matters and influence senior stakeholders.

Preferred Qualifications

• Member of the American Academy of Actuaries.
• Proficiency with MG-ALFA

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.
• Additional Expectations for AI-Forward Roles

Applicants In AI-forward Roles Are Also Expected To

• Identify practical opportunities to apply AI to improve workflows, productivity, analysis, and business outcomes.
• Create effective prompts, workflows, controls, and human-in-the-loop (HITL) review processes that support responsible AI use.
• Critically evaluate AI-generated outputs for accuracy, quality, bias, fairness, confidentiality, compliance, security, and business relevance.
• Partner appropriately with Legal, Compliance, Risk, Security, Data/Technology, and business stakeholders to move AI ideas from experimentation to responsible adoption.
• Help model responsible, human-centered AI adoption across the organization.

Core Competencies

• Cultivates Innovation - Fosters innovation by taking calculated risks; Work cooperatively with others to produce innovative solutions.
• Ensures Accountability - Holds self and others accountable to meet commitments and performance goals.
• Directs Work - Provides direction, delegates, and removes obstacles to get work done.
• 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 Change - Facilitates change and transition at the individual and team level; Develops strategic goals for aligning with change.
• Develops Talent - Builds team(s) equipped for the future by applying coaching techniques for developing team members to meet their professional/personal goals and the organizational goals; Listens and responds with empathy; Asks thought provoking questions.
• Inspires Others - Motivates and influences others by creating an environment where teams can do their best work; Partners across the organization to achieve results.

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!

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.

Salary Pay Range

$183,750 - $269,500 USD

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National Life Group

1 National Life Dr

Montpelier, VT 05604