Job Description
Job Summary
F&G is hiring for a Sr. Associate Actuary on the New Business Rate Setting team. This position is responsible for performing rate setting analysis, pricing, and risk analysis for F&G’s Annuity products, in accordance with established pricing guidelines and profitability targets to achieve F&G’s product strategy.
This position reports directly to the Director, New Business Rate Setting. The position is expected to interact with the inforce management, modeling, and finance teams as well as others across disciplines and functions.
Duties and Responsibilities
Collaborate with distribution, competitive intelligence, investments, and company management to analyze pricing for annuity new business
Perform analysis and contribute to rate decision recommendations for Annuity new business products by:
- Conducting pricing analysis to evaluate product profitability.
- Assessing and updating rate setting model inputs and assumptions.
- Performing analysis to understand reinsurance impacts of rate setting decisions.
- Creating demonstrations of Annuity new business profitability to support rate recommendations.
Contribute to informed data-driven decisions based on a thorough understanding of product, profitability, capital utilization, and risk.
Develop and update rate setting assumptions, maintain rate setting models, and create documentation to ensure appropriate governance procedures are followed.
Support the integration of new products, reinsurance treaties, and other updates into recurring pricing analysis and rate setting processes.
Develop and implement enhancements to create repeatable and scalable processes.
Experience and Education Requirements
- Bachelor’s degree in mathematics, actuarial science or related degree or equivalent experience
- ASA required; FSA and MAAA Preferred
- 4+ years actuarial experience with progressively more responsibility
- Annuity product background preferred but not required, with preference for Fixed Annuity, Fixed Indexed Annuity, or Registered Indexed Linked Annuity experience
- Experience within various actuarial functions with an understanding of pricing, capital, and financial metrics
- Experience with and knowledge of GGY AXIS or similar actuarial modeling software
Knowledg, Skills & Abilities
- Demonstrated ability to apply actuarial principles to complex situations
- Strong problem-solving skills with analytical and reasoning abilities
- Unconditional integrity and commitment to delivering accurate information on schedule
- Demonstrated ability to proactively identify issues and to influence key project decisions to achieve desired outcomes
- Self-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging environments, managing the delivery of projects in addition to individual tasks and processes
- Ability to collaborate with technical and non-technical audiences at all levels of leadership, either through verbal or written forms of communication
Other Requirements
- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
- No travel is required for this position
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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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