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.

JOB REQUIREMENTS

10+ years of progressive actuarial experience for the Senior Actuary level, or 8+ years for the Actuary level, including at least 5 years in ALM, asset modeling, or asset-intensive actuarial work.

Actuary/Sr. Actuary-ALM

Responsibilities

Qualification

Preferred

Benefits

Company

Nationallifeinsurancecompany

More roles at Nationallifeinsurancecompany