Job Description
Job Summary
F&G is hiring for an Associate Actuary on the Inforce Management team to complete profitability analytics. This position is responsible for the capital, reinsurance, and analysis to support management planning and decision-making in accordance with established guidelines and profitability targets to achieve F&G’s product strategy.
The position is expected to interact with the pricing, modeling, reinsurance, and finance teams as well as others across disciplines and functions.
Duties & Responsibilities
- Collaborate with pricing, modeling, reinsurance, and company management to analyze pricing for annuity business
- Responsible for the analysis and evaluation of product profitability by:
- Conducting pricing, projections, or analysis to support evaluation of reinsurance agreements
- Assessing and updating metrics used to evaluate product profitability
- Evaluating potential capital impacts of pricing or product decisions
- Creating summary of product profitability
- Make informed decisions based on a thorough understanding of product, profitability, reinsurance impacts, capital utilization, and risk
- Update files, create documentation, and ensure appropriate model governance procedures are followed
- Create analysis of products and recommendations for use in company planning or forecasting
- Support the integration of new products, reinsurance treaties, and other updates to pricing metrics and management reporting
- Develop and implement enhancements to create repeatable and scalable processes
Supervisory Responsibilities: This role does not have formal people leadership responsibilities but may provide guidance, mentorship, or subject matter expertise to others.
Knowledge, Skills & Abilities
- Technical skills including experience with Microsoft Office applications (Word, Excel, Powerpoint), programming languages (VBA, R), modeling tools (Alteryx), and actuarial software (AXIS) preferred
- Strong problem-solving skills with analytical and reasoning abilities
- Ability to apply actuarial principles to work product
- Unconditional integrity and commitment to delivering accurate information on schedule
- Demonstrated ability to proactively identify issues and to support project decisions to achieve desired outcomes
- Ability to organize and prioritize tasks, and independently work in a very agile environment and with tight deadlines
- Self-starter who demonstrates strong initiative and is able to operate efficiently in changing environments, managing the delivery of projects in addition to individual tasks and processes
- Ability to collaborate with technical and non-technical audiences at various levels, either through verbal or written forms of communication
Minimum Qualifications
- Bachelor’s degree in mathematics, actuarial science or related degree or equivalent experience
- ASA required
- 2+ years of relevant experience
- Experience within various actuarial functions with an understanding of pricing, capital, reinsurance, and/or financial metrics
- Experience with and knowledge of GGY AXIS or similar actuarial modeling software
- Annuity product background preferred but not required, with preference for Fixed Annuity, Fixed Indexed Annuity, or Registered Indexed Linked Annuity experience
Other Requirements
- This position primarily involves sedentary work, requiring long periods of sitting, regular use of a computer, and occasional standing or walking, with reasonable accommodations available.
- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
Ability to travel up to: 10% of the time
#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.
1 Top Workplaces USA 2022 – 2023
2 Des Moines Register Top Workplaces 2018 – 2022
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