Chief Actuary (Life Insurance)

Abilene, TX

Full Time

Corporate

Executive

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Disciplined
Detail-Oriented

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We are seeking a self-motivated person to join our Directors Investment Group (DIG) team as CHIEF ACTUARY (Life Insurance).

DIG is the parent corporation for our life insurance company -- Funeral Directors Life - and two wholly-owned subsidiaries (Passare and Parkway Advisors). As Chief Actuary, you will play a central role in the financial management, product development, and risk assessment functions of our life insurance business. The position provides executive leadership and strategic oversight of all actuarial functions for Directors Investment Group and its subsidiaries, being responsible for ensuring the accuracy of actuarial calculations, supporting financial reporting, analyzing profitability, and contributing to strategic decision making across the organization.

The ideal candidate brings strong technical skills, sound judgment, and the ability to communicate complex actuarial concepts to both technical and nontechnical audiences. The Chief Actuary partners with executive leadership to ensure financial soundness, long-term profitability, and alignment with DIG’s mission and growth objectives.

Key Responsibilities
Reserve Computation & Financial Reporting

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.

Product Development & Profitability Analysis

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.

Experience Studies & Claims Analysis

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.
Is qualified to sign statements of actuarial opinion for life and health insurance company annual statements in accordance with the American Academy of Actuaries qualification standards for actuaries signing such statements.

Modeling & Software Proficiency

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).

Risk Management & Strategic Support

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.

Cross Functional Collaboration & Communication

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.

Qualifications

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.

Proficiency with Slope Actuarial software is strongly preferred; experience with other actuarial modeling platforms is a plus.

Strong analytical, problem-solving, and communication skills.

Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

About Directors Investment Group
Directors Investment Group is the parent corporation for Funeral Directors Life Insurance Company, Passare, and Parkway Advisors.
DIG offers an award-winning workplace that is truly one-of-a-kind.
DIG has been recognized with numerous workplace awards, including the 2025 Big Country’s Best Workplace, the prestigious FORTUNE magazine “Best Small & Medium Workplaces” List, the “Best Workplaces in Finance & Insurance” List, the “Best Workplaces for Millennials” List, and the “Best Workplaces in Texas” List. The company is also a winner of the top 100 “Best Companies to Work for in Texas,” published by Texas Monthly.
Based in Abilene, TX, DIG offers a unique corporate culture and benefits that our employees love! Founded on Christian principles of leadership through service, integrity, honesty, and respect, the company is dedicated to serving the funeral profession and helping funeral homes enhance their service to families in a rapidly changing marketplace. In fact, our mission is "to be known as the best, most-respected provider of service to the funeral industry."
So, what makes DIG such a great place to work? We apply these same principles to how we treat our employees: offering excellent compensation, a fun, friendly, and supportive work environment, and more benefits and perks than we can mention; including 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, and many personal growth opportunities for mind, body, and soul.

An Equal Opportunity Employer

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