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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