Directors Investment Group · 9 hours ago
Chief Actuary (Life Insurance)
Abilene, TX
Full-time
Onsite
Director/Executive
$250K/yr - $275K/yrDirectors Investment Group (DIG) is a recognized leader in the life insurance industry, offering a unique corporate culture and numerous workplace awards. They are seeking a Chief Actuary to provide executive leadership and strategic oversight of all actuarial functions, ensuring financial soundness and supporting product development and risk assessment.
FinanceWellnessProperty & Casualty InsuranceHealth InsuranceFinancial ServicesInsuranceLife Insurance
Hiring Manager
Dan Carpenter
Responsibilities
Compute, analyze, and manage statutory and tax reserves for life insurance and annuity products
Maintain and enhance actuarial models used for valuation and projections
Prepare monthly financial statement exhibits for actuarial items, ensuring accuracy and compliance with regulatory and internal standards
Lead or support the preparation of the Annual Statement actuarial components, including Actuarial Exhibits and supporting documentation
Prepare the Actuarial Memorandum and other regulatory filings, ensuring compliance with applicable state and NAIC requirements
Assist with year-end audit support, including responding to auditor inquiries and providing required documentation
Design, price, and evaluate new life and annuity products, including modeling, assumption setting, and competitive analysis
Analyze product profitability and performance relative to pricing expectations, experience studies, and company targets
Conduct profitability analysis for distribution and marketing partners, including compensation structures, persistency, and experience trends
Collaborate with cross-functional teams (Marketing, Finance, Operations, Compliance) to support product launches and ongoing product management
Perform analysis of death claims, including mortality experience studies, trend identification, and assumption recommendations
Conduct experience studies for lapse, expense, morbidity (if applicable), and other key actuarial assumptions
Recommend updates to actuarial assumptions based on emerging experience and industry trends
Build, maintain, and validate actuarial models using Slope Actuarial software (primary platform)
Ensure model governance, documentation, and controls are maintained in accordance with actuarial standards and internal policies
Utilize additional actuarial and analytical tools as needed (e.g., SQL, R, Python, Excel)
Support enterprise risk management activities, including stress testing, scenario analysis, and ORSA related work
Assist with cashflow testing and asset adequacy analysis
Provide actuarial insights to support strategic initiatives, capital management, and reinsurance transactions
Present actuarial findings to senior leadership, auditors, regulators, and other stakeholders
Translate complex actuarial results into clear, actionable insights for nonactuarial teams
Support internal committees and working groups related to product, financial reporting, and risk
Qualification
Required
Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field
Progress toward ASA or FSA designation (or equivalent experience)
Experience in life insurance actuarial work, including valuation, product development, or financial reporting
Strong analytical, problem-solving, and communication skills
Ability to manage multiple priorities and meet deadlines in a fast-paced environment
Preferred
Proficiency with Slope Actuarial software is strongly preferred; experience with other actuarial modeling platforms is a plus
Benefits
Employer-paid health coverage
401(k) matching
Life insurance
An on-site clinic
A 24-hour fitness center
Free fresh fruit and beverages
A corporate university
Book studies
Many personal growth opportunities for mind, body, and soul
Company
Directors Investment Group
Directors Investment Group is the parent company for a diverse group of companies with a focus on life insurance and financial services.
Founded in 1981
201-500 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase