COUNTRY Financial® · 10 hours ago
Actuary Director, Life Insurance Valuation & Modeling
Bloomington, IL
Full-time
Hybrid
Senior Level, Lead/Staff
$212K/yr - $292K/yr
10+ years expCOUNTRY Financial is committed to enriching lives in the communities they serve. The Director of Life Insurance Valuation & Modeling provides strategic and technical leadership across all actuarial valuation and financial reporting activities, ensuring accuracy and compliance while supporting risk management and financial strategy.
Insurance
Responsibilities
Responsible for oversight and development of staff, including supervisory activities (e.g. performance evaluations, goal setting) as well as professional (technical, skill) and personal development
Oversees a specific actuarial function within the life/health/annuity actuarial division - includes overseeing activities, planning and visioning of future activities, and communicating results/recommendations to division and company leadership
Ensures work is completed according to applicable regulation and actuarial standards of practice, including maintaining current SOA Continuing Professional Development requirements, as well as ensuring staff compliance
Manages the implementation and maintenance of disaster recovery plans and activities in assigned areas. Maintains current contact information for all employees in applicable areas and communicates with non-recovery employees during a disaster
Lead the preparation and review of actuarial liabilities for statutory, tax, and management reporting
Ensure compliance with regulatory requirements including PBR, VM‑20, VM‑21, VM‑22 and all applicable NAIC guidelines
Oversee reserve calculations and checks for the company’s current and legacy products
Communicate financial results, drivers, and trends to executive leadership and key stakeholders
Lead regular experience studies for mortality, lapse, expenses, premium persistency, investment returns, and other key metrics
Develop and maintain actuarial assumptions in alignment with corporate governance processes
Identify emerging trends and recommend assumption changes to support valuation accuracy and pricing consistency
Oversee development, maintenance, and enhancement of actuarial models supporting valuation, planning, analytics, and risk management
Ensure models are efficient, controlled, auditable, and aligned with industry best practices
Partner with IT and model governance teams on architecture, model conversions, and modernization efforts
Lead the company’s Asset Adequacy Testing, including scenario development, model execution, documentation, and management reporting
Provide actuarial insights to Asset-Liability Management (ALM) and Investment teams, including reserve sensitivity, duration mismatch, and capital implications
Support risk monitoring activities including capital analysis, RBC, liquidity stress testing, and ORSA components
Strengthen actuarial controls, documentation standards, and audit readiness
Drive automation, process modernization, and operational efficiency across reporting cycles
Lead or support remediation efforts tied to audit findings, regulatory changes, or process gaps
Manage, mentor, and develop a team of valuation actuaries, analysts, and modelers
Foster a culture of accuracy, accountability, and continuous improvement
Collaborate with Finance, Risk, Product Management, Reinsurance, and IT to ensure alignment across actuarial functions
Effectively communicate complex actuarial and financial concepts to senior leadership
Qualification
Required
10+ years of actuarial experience in life insurance valuation, modeling, or financial reporting
Strong knowledge of NAIC valuation standards, PBR/VM‑20/VM‑21/VM-22/VM-30/VM-31, and RBC frameworks
Proven leadership experience with teams or large-scale actuarial processes
Proficiency with actuarial modeling platforms (particularly Prophet)
Excellent analytical, communication, and organizational skills
Preferred
FSA preferred; ASA with significant valuation/reporting experience may be considered
Benefits
Insurance benefits (medical, dental, vision, disability, and life)
401(k) with company match
Company
COUNTRY Financial®
COUNTRY Financial® provides insurance and financial services for over a million households and businesses across 19 states.
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
Jim Jacobs
Chief Executive Officer
Christopher B.
Vice President - Chief Technology & Security Officer (CTO/CSO)
Company data provided by crunchbase