Associate Actuary

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 talentacquisition@fglife.com.

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 Workplace

1

, an Iowa Top Workplace

2 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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