Sr. Associate Actuary, Valuation

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

 

Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G.  If reasonable accommodation is needed to participate in the job application or interview process, please contact [email protected]

Join our employee-centric hybrid work environment: F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events.

As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1Top Workplaces USA 2022 – 2023

2Des Moines Register Top Workplaces 2018 – 2022

 

Notice for all Applicants who are California residents under the California Privacy Rights Act. Please click here to review the policy. 

F&G is committed to helping Americans prepare for and live comfortably in their retirement. F&G is a leading provider of annuity and life insurance products. For nearly 60 years, we have offered annuity and life insurance products to those who are seeking safety, protection and income solutions to meet their needs. At F&G, we believe our culture is what makes our company great. We received a Top Workplace award, which we credit to our employees' shared cultural values: Collaborative, Authentic, Dynamic and Empowered. We believe that by embracing these values, we will continue to build and strengthen the company, while being a great place to work. We recruit talented and committed individuals to join our team, and we provide opportunities for personal and professional growth.

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