Liability Modeler

Unified Life Insurance Company; Indianapolis (IN); On-site; USD 120,000 - 190,000; Full time

Job summary

Unified Life Insurance Company in Indianapolis seeks an experienced actuary to lead modeling across health, life, and annuity products, focusing on annuity expertise and expanding into life/health.

You will develop projections, assist with reserving and financial reporting, and collaborate with Finance on planning and forecasting.

Strong modeling skills, communication, and ability to work hands-on in a growing organization are essential.

Qualifications

• FSA with 5+ years of actuarial experience or ASA with 10+ years.
• Strong experience with MYGA, FIA, and FIA with GLWB.
• Proficient in actuarial modeling and data analysis.
• Experience in reserving, forecasting, financial reporting, or cash flow testing.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.

Responsibilities

• Develop, maintain, and enhance models for annuity, health, and life products.
• Support reserving, cash flow testing, and ALM initiatives.
• Perform scenario testing, sensitivity analysis, and profitability assessments.
• Improve and automate actuarial reporting and modeling processes.
• Assist with pro forma planning and annual budgeting.

Skills

Actuarial modelling

Forecasting

Reserving

Cash flow testing

Financial reporting

Communication

Problem solving

Education

Bachelor's degree in Actuarial Science

Tools

MG-ALFA

AXIS

Prophet

SQL

Python

VBA

Power BI

Job description

We are seeking a highly motivated actuary to join our growing actuarial team. This role will serve as a key modeling resource supporting a broad range of actuarial and financial functions across health, life, and annuity products. Responsibilities include actuarial modeling, reserving, cash flow testing, financial planning and forecasting, reinsurance reporting, and experience analysis.

While the position will support all lines of business, we are particularly interested in candidates with strong annuity expertise who can provide technical leadership and insight for our annuity products while expanding their exposure to life and health business. The ideal candidate combines strong modeling and analytical skills with a practical understanding of insurance financial reporting and risk management.

Key Responsibilities

• Develop, maintain, and enhance actuarial models supporting annuity, health, and life products.
• Support cash flow testing, reserve adequacy analysis, and asset-liability management initiatives.
• Perform scenario testing, sensitivity analysis, and profitability assessments.
• Improve and automate actuarial reporting and modeling processes.

Valuation & Reserving

• Support monthly, quarterly, and annual reserve calculations and financial reporting.
• Analyze emerging experience and develop recommendations for assumption updates.
• Assist with statutory, management, and regulatory reporting requirements.
• Support actuarial memorandum and documentation development.

Planning & Forecasting

• Support annual planning, budgeting, and periodic forecast processes.
• Develop projections of earnings, capital, cash flows, and key business metrics.
• Partner with Finance and Accounting teams to analyze and communicate business results.
• Support reinsurance reporting, treaty administration, and financial analysis.
• Analyze the impact of new and existing reinsurance arrangements.
• Assist with reserve and settlement reconciliations and other ceded reinsurance reporting requirements.

Qualifications

Required:

• FSA with 5+ years of actuarial experience, or ASA with 10+ years of actuarial experience.
• Significant experience with MYGA, FIA, and FIA with GLWB products.
• Strong actuarial modeling and analytical skills.
• Experience with reserving, forecasting, financial reporting, or cash flow testing.
• Strong communication and problem-solving skills.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.

Preferred:

• Experience with supplemental health products, including accident, critical illness, hospital indemnity, and other voluntary benefits.
• Life products
• Experience with actuarial software such as Integrate/MG-ALFA, AXIS, Prophet, or similar platforms.
• Proficiency with SQL, Python, VBA, Power BI, or other analytical tools.

What You'll Bring

• Deep expertise in annuity products and actuarial modeling.
• Interest in developing broader expertise across life and health products.
• Strong technical skills coupled with sound business judgment.
• Ability to thrive in a hands-on environment where ownership, initiative, and collaboration are highly valued.
• A desire to help build and enhance actuarial capabilities within a growing organization.