Senior ALM Actuary: Asset-Liability Modeling Lead

National Life Group; Montpelier (VT); On-site; USD 161,000 - 237,000; Full time

Job summary

National Life Group in Montpelier, VT is seeking an Actuary – Senior ALM to lead the enterprise ALM model design, development, and maintenance, aligning asset and liability projections with investment strategy and product features.

You will collaborate with AVP & Actuary – Enterprise ALM Strategy and partner with Investments, Risk, and Finance to deliver robust analyses, present to senior leadership, and support capital planning and regulatory reporting.

Qualifications

• Progressive actuarial experience required, with 8+ years for non-Senior roles and 10+ for Senior Actuary.
• Fellow or Associate of the Society of Actuaries (FSA or ASA) required.
• Bachelor’s degree in Actuarial Science, Mathematics, Finance, or related field.

Responsibilities

• Own the design, development, and ongoing enhancement of the enterprise ALM model, including asset projection, reinvestment and disinvestment strategy, crediting strategy, and dynamic policyholder behavior.
• Model the general account investment portfolio including public and private fixed income, structured assets, alternatives, and derivatives, and maintain the economic scenario sets used across deterministic and stochastic ALM analysis.
• Produce, analyze, and explain ALM results, including duration, convexity, key rate exposures, cash flow matching, and earnings and surplus sensitivity under a range of interest rate and equity scenarios.
• Partner with the AVP & Actuary – Enterprise ALM Strategy to translate strategic questions into modeling specifications, and turn model output into clear answers for senior leadership and ALCO.
• Support the asset adequacy testing, ORSA, capital, and statutory reporting workstreams that rely on ALM modeling.
• Partner with Investments on reinvestment and disinvestment assumptions, and strategic asset allocation studies, bringing the modeled liability perspective to those discussions.
• Partner with Enterprise Risk Management on ALM risk metrics, limits, and stress and scenario testing, and with Capital Management on capital and liquidity projections.
• Support modeling of the hedging program for indexed products, including option budget, and index crediting strategies.
• Establish, review, and continuously improve best practices for ALM model development, production, validation, and documentation, consistent with model governance standards and applicable Actuarial Standards of Practice.
• Perform all other duties as assigned.

Skills

Actuarial modeling

ALM knowledge

Communication skills

Cross-functional collaboration

Analytical thinking

Education

Bachelor's degree in Actuarial Science, Mathematics, Finance, or related quantitative discipline

Tools

MG-ALFA

Job description

National Life Group in Montpelier, VT is seeking an Actuary – Senior ALM to lead the enterprise ALM model design, development, and maintenance, aligning asset and liability projections with investment strategy and product features.

You will collaborate with AVP & Actuary – Enterprise ALM Strategy and partner with Investments, Risk, and Finance to deliver robust analyses, present to senior leadership, and support capital planning and regulatory reporting.