Vice President & Chief Actuary

Woodmenlife; Omaha (NE); On-site; USD 180,000 - 240,000; Full time

Benefits offered by this job

Comprehensive benefits package

In-office position at WoodmenLifeTower

Job summary

WoodmenLife seeks a Visionary Vice President & Chief Actuary to lead the actuarial division from its Omaha home office. You will oversee reserves, modeling platforms, and risk governance while communicating with the board, regulators, and external partners.

You will drive profitability for closed blocks, guide open blocks, and ensure compliance with ASOPs and NAIC guidelines, shaping WoodmenLife's financial future.

Qualifications

• Bachelor's or higher degree in actuarial science, mathematics, or finance.
• Minimum of 15 years actuarial experience and 10 years of management experience preferred.
• Fellowship in the Society of Actuaries and AAA membership.
• Proven broad actuarial knowledge and experience with life and annuity products.
• Strong knowledge of statutory accounting principles and practices.
• Proven leadership skills and ability to drive complex decisions.
• Ability to multi-task and meet aggressive deadlines.
• Excellent interpersonal skills and collaboration across divisions.
• Engages well with others and provides exceptional customer service.

Responsibilities

• Own statutory reserve calculations for all product lines (life and annuities).
• Direct cash flow testing and asset adequacy analysis.
• Oversee reserve reporting for long-term care and closed blocks.
• Recommend reinsurance strategy and ensure accurate administration.
• Own enterprise actuarial modeling platform with governance and controls.
• Lead experience studies: mortality, lapse, expense, etc.
• Chair the Assumption Governance Committee for alignment across valuation.
• Provide oversight to enterprise value management reporting tool.
• Lead profitability efforts for closed blocks and rate/refund strategies.
• Ensure regulatory compliance and act as liaison to regulators.
• Manage relationships with external consultants and auditors.
• Represent WoodmenLife in industry organizations.

Skills

Leadership

Analytical skills

Interpersonal skills

Multi-tasking

Customer service

Education

Bachelor's degree in actuarial science, mathematics, or finance

Fellowship in the Society of Actuaries

Membership in the American Academy of Actuaries

CERA designation (preferred)

Job description

WoodmenLife Home Office, 1700 Farnam Street, Omaha, Nebraska, United States of America

Job Description

Posted Tuesday, August 18, 2026 at 6:00 AM

Job Title : Vice President & Chief Actuary

This is an in-office position located at the WoodmenLife Tower in downtown Omaha, NE

WoodmenLife is looking to hire a Vice President & Chief Actuary to join our team! This role a ccurately communicates to management, the board of directors, and external entities, WoodmenLife’s financial condition vis‑a‑vis its balance sheet, operating performance, enterprise value, and other measures. Maintains compliance with state and federal regulations and with published actuarial guidelines and best practices. Assures equitable treatment and judicious outcomes for all member classes.

WoodmenLife is one of the best places to work in Omaha, with more than 135 years of service rooted in purpose and community. Since 1890, WoodmenLife has been dedicated to helping hardworking Americans secure their families’ financial futures and leave a lasting legacy. As a purpose‑driven, not‑for‑profit life insurance company, our commitment is to our members and the communities they call home.

We offer a comprehensive benefits package including health, dental, vision, 401(k), life insurance, and more.

Essential Job Functions

Successful management of a professional staff to achieve the following outcomes:

• Own statutory reserve calculations across all product lines, including PBR (VM-20/VM-21/VM-22) for life and annuities, and formulaic reserves for closed blocks. This includes the RBC calculations for C-3 Phase 1 and 2.
• Direct cash flow testing and asset adequacy analysis.
• Oversee reserve reporting for long-term care and closed health blocks, including annual assumption reviews and margin adequacy.
• Recommend reinsurance strategy and ensure accurate reinsurance administration
• Modeling and Actuarial Systems
  • Own the enterprise actuarial modeling platform including governance, controls, and change management
  • Direct recurring experience studies: mortality, lapse, premium persistency, expense, etc.
  • Chair the Assumption Governance Committee, ensuring alignment of assumptions across valuation, asset adequacy testing and enterprise value
  • Provide oversight to the management reporting tool of enterprise value
• Profitability Management
  • Provide focused leadership on closed blocks of business including strategy on rate increases and refunds
  • Partner with the Vice President, Chief Product Officer on refunds and non-guaranteed element determination for open blocks of business
• Regulatory, Compliance & External Relations
• Serve as primary actuarial liaison to the Nebraska Department of Insurance and other state regulators on exams and reserve inquiries.
• Ensure compliance with all applicable Actuarial Standards of Practice (ASOPs), Code of Professional Conduct, and NAIC model regulations.
• Manage relationships with external actuarial consultants and auditors.
• Represent WoodmenLife in industry organizations (Society of Actuaries, American Academy of Actuaries, ACLI, etc).

Provide overall divisional leadership by:

• Providing insights through participation on the President’s Leadership Team, Enterprise Risk Committee, Interest Rate Committee and other cross-functional committees
• Managing the staffing, performance and budget of the Actuarial Division
• Coordinating the Actuarial Education Program across the divisions that employ actuaries.

Minimum Qualifications

This job requires a background that demonstrates the following minimum knowledge, skills, talents and traits:

• Bachelors or higher degree in actuarial science, mathematics, or finance.
• Minimum of 15 years of relevant actuarial experience and 10 years of management experience preferred.
• Fellowship in the Society of Actuaries and Membership in the American Academy of Actuaries.
• Proven broad actuarial knowledge and experience with life and annuity products.
• Strong knowledge of statutory accounting principles and practices.
• Proven leadership skills.
• Strong analytical and problem solving skills and demonstrated ability to execute complex and difficult business decisions.
• Ability to multi-task and consistently meet aggressive deadlines.
• Excellent interpersonal skills and experience working across all divisions within the organization.
• Ability to provide seamless, trustworthy, attentive and resourceful (S.T.A.R.) customer service.
• Engages well with others and passionate about providing an exemplary customer experience.

Desired Qualifications

• Actuarial experience and knowledge of retirement and health products.
• Experience applying enterprise-wide risk frameworks to strategic decision-making, financial planning, and capital allocation. Chartered Enterprise Risk Analyst (CERA) designation preferred.

If you're ready to make an impact in your community, we’d love to hear from you.

WoodmenLife will not sponsor applicants for work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.

Please ensure your resume includes your current contact information, including:

• Full name
• Phone number
• Email address
• Current city and state of residence

As part of WoodmenLife’s employment process, candidates will be required to complete a criminal background check, credit check (when required for position), fingerprint check (when required for position), drug screen and reference checks. Any offer of employment will be contingent upon successfully passing the above.

WoodmenLife is welcoming to all regardless of background and beliefs. WoodmenLife respects every associate’s unique perspective and contribution. We are committed to creating an environment that values differences, and creates opportunities for growth, leadership and service. This commitment includes providing equal opportunity in recruitment, employment and promotion, training and community outreach. WoodmenLife is also dedicated to strengthening the communities in which its employees live.

APPLICANTS WITH DISABILITIES SHOULD ADVISE THE HUMAN RESOURCES DEPARTMENT AT THE TIME OF APPLICATION IF SPECIAL ACCOMMODATIONS ARE NEEDED. Woodmen of the World Life Insurance Society (WoodmenLife) is an equal opportunity employer.

WoodmenLife Home Office, 1700 Farnam Street, Omaha, Nebraska, United States of America