Job Summary

The Sr. Associate Actuary role primary responsibility is to support the GAAP Actuarial Valuation and Financial Reporting procedures for Fidelity & Guaranty Life.  This position will be a subject matter expert for GAAP valuation processes of the Fixed Index Annuity and Deferred Annuity lines of business. All valuation processes need to be performed in a highly controlled environment; position will maintain, enhance and review the various quarterly controls. 

Duties and Responsibilities

• Establish reserves and related balances for Fixed Index Annuity and Deferred Annuity lines of business of Fidelity & Guaranty Life under the GAAP accounting basis.
• Ensure the product lines comply with the various federal and state valuation regulations.
• Review and analyze quarterly reserve/balance movements to be provided to management and Finance personnel, in particular.
• Monthly production of reserves for the GAAP valuation basis
• Preparation, review and analysis of reserve movements
• Maintenance/enhancement and timely execution of valuation controls
• Maintenance of the valuation programs for new products, new regulations, etc.
• Stay abreast of new regulations/requirements, etc.

Experience and Education Requirements

• Bachelor's degree in mathematics, actuarial science or related technical field
• ASA required; FSA and MAAA Preferred
• 4+ years actuarial experience with progressively more responsibility
• Solid understanding of insurance company income statements and balance sheets
• Solid understanding of maintaining a strong control environment
• Experience with the valuation of indexed products
• Knowledge of GGY-AXIS or similar actuarial modeling software preferred

Knowledge, Skills & Abilities

• Strong technical, analytical, organizational, computer, and team skills
• Proactive individual who can provide strong technical support to Actuarial Valuation team with solid analytical skills
• Self-starter who demonstrates strong initiative and displays a high energy level
• Strong problem-solving skills that include advanced analytical and reasoning abilities; demonstrated ability to apply actuarial principles to complex situations
• Ability to establish and maintain strong internal relationships within the company
• Team player who has the ability to function as a key member of a small group in which members of the team work with great autonomy; take a high degree of ownership for their areas of responsibility (subject matter expert)
• Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Access)
• Ability to learn and utilize actuarial software systems
• Effective verbal and written communication skills; strong presentation skills a plus

Other Requirements

• Perform other functions, duties and projects, as assigned.
• Regular and punctual attendance.
• Some travel may be required (less than 10%)

#LI-JB1

#LI-Remote