Associate Actuary
Job Summary
This position’s primary responsibility is to support the Statutory Actuarial Valuation and Financial Reporting procedures for Fidelity & Guaranty Life. This position will execute the Statutory valuation processes of designated life insurance and annuity lines of business.
Duties & Responsibilities
- Monthly production of Statutory and Tax reserves for designated life insurance and annuity lines of business
- Prepare, review and analyze Statutory and Tax reserve movements
- Prepare, review and analyze quarterly and annual deliverables related to Statutory reserves including annual statement exhibits, Risk Based Capital (RBC) reports and rating agency deliverables
- Maintain, enhance and ensure timely execution of valuation controls
- Assist in the maintenance of the valuation programs for new products, new regulations, etc.
- Assist with completion of the PBR Actuarial Report
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
- Self-starter who demonstrates strong initiative and displays a high energy level
- Team player who has the ability to function as a key member of a small group
- High degree of ownership for their areas of responsibility
- Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Access)
- Ability to learn and utilize actuarial software systems
- Effective verbal and written communication
Minimum Qualifications
- Bachelor's Degree in Mathematics, Actuarial Science or related technical field
- Minimum of two years of related actuarial experience
- Strong technical, analytical, organizational, computer and team skills
License/Certification
- ASA Certification
Preferred Qualifications
- Experience with life insurance and annuity products
- Experience with indexed products
- Exposure to GGY-AXIS or similar actuarial modeling software
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-MB1 #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 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
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