Senior VM-22 Annuity Valuation Actuary

National Life Insurance Company Limited; Montpelier (VT); On-site; USD 139,000 - 204,000; Full time

Benefits offered by this job

Benefits start day one

At-will employment

Job summary

National Life Group is seeking an experienced Actuary to drive VM-22 principle-based reserving implementation for non-variable annuities. The role spans design, development, testing, governance, and operation of the valuation framework with a focus on a scalable, controlled process.

The incumbent will collaborate across Actuarial, Pricing, Investments, and IT to translate VM-22 requirements into reliable valuation workflows and production readiness for financial reporting.

Qualifications

• Bachelor’s degree in Actuarial Science or related field.
• FSA designation or Career ASA.
• 7+ years actuarial exp including 4+ years in annuity valuation.
• Experience developing or implementing actuarial valuation models.
• Strong communication and documentation skills.

Responsibilities

• Serve as a subject matter expert on VM-22, providing guidance on regulatory requirements and valuation methodology.
• Lead the VM-22 implementation across applicable annuity products and valuation processes.
• Document VM-22 methodologies, assumptions, and implementation decisions.
• Provide actuarial expertise in asset modeling, including asset cash flows and reinvestment assumptions.
• Collaborate with stakeholders to define model requirements and validate VM-22 calculations.
• Perform model testing, sensitivity analyses, and benchmark comparisons.
• Coordinate with valuation teams on experience analysis and financial impact assessments.
• Work with IT to implement controlled, repeatable data validation and production reporting processes.
• Analyze VM-22 reserve results and communicate findings to actuarial leadership.
• Collaborate with governance and internal audit on controls, documentation, and review processes.

Skills

Actuarial experience

VM-22 experience

Modeling experience

Communication skills

Regulatory knowledge

Education

Bachelor’s degree in Actuarial Science

Tools

PolySystems

VBA

Databricks

Excel

Job description

National Life Group is seeking an experienced Actuary to drive VM-22 principle-based reserving implementation for non-variable annuities. The role spans design, development, testing, governance, and operation of the valuation framework with a focus on a scalable, controlled process.

The incumbent will collaborate across Actuarial, Pricing, Investments, and IT to translate VM-22 requirements into reliable valuation workflows and production readiness for financial reporting.