Actuary, Model Development

Job Summary

This position is responsible for executing model change management processes in compliance with established governance policies and procedures. This position will collaborate with various teams to understand, develop, and integrate enhancements to Corporate GGY AXIS models supporting valuation, ALM, pricing, and planning purposes. This role requires programming activities across all six product lines – FIA, RILA, PRT, Payout Annuity, Traditional Life and Universal Life. Regular interactions with internal groups (e.g., Valuation, ALM, Pricing) as well as external parties (e.g., software vendor, consultants, auditors) is inherent to these processes. Management and development of staff may also be required. Actuaries at all levels have opportunities to interact with senior leaders across disciplines and functions.

Duties & Responsibilities

Lead and facilitate model change requirement-gathering meetings, and update related documentations in a timely manner

Collaborate with various teams to understand the model change requirements and identify key stakeholders

Develop model changes accurately using efficient programming techniques and adherence to Best Practices

Update all associated model documentation (e.g. MSD, ASD, simplification) to accurately reflect assigned model changes

Create detailed Technical documentation for model changes

Review and validate results against requirements throughout the development process, and provide ongoing support for follow-up questions

Oversee and review model development performed by other developers, ensuring accuracy, efficiency, and consistency with established standards

Serve as the F&G subject matter expert on Corporate AXIS models, providing technical model support and relevant training to actuarial users across the organization

Develop and enhance processes to be effective and efficient, repeatable and scalable

Supervisory Responsibilities: This role has people leadership responsibilities, including managing performance, developing talent, and supporting engagement and team effectiveness.

Knowledge, Skills & Abilities

Excellent verbal, written, interpersonal, and presentation skills, including the ability to communicate with and presenting to all levels of management

Self-starter who demonstrates strong initiative and operates efficiently in unpredictable and challenging project environments

Strong problem-solving abilities, including advanced analytical and reasoning skills

Demonstrated ability to apply actuarial principles to complex situations

Strong project management skills, including priority setting, resource assessment, and delivery management with a focus on quality

Team player with a demonstrated ability to proactively identify issues and influence key project decisions to achieve desired outcomes

Extensive experience with Microsoft Office applications (Word, Excel, PowerPoint, Access)

Minimum Qualifications

Bachelor’s degree in mathematics, statistics, actuarial science or related field

Years of Experience

6+ years of relevant actuarial experience

Experience with and knowledge of AXIS (preferred) or similar actuarial modeling software required

ASA

Preferred Qualifications

Experience within Indexed Universal Life Insurance and Pension Risk Transfer business lines preferred

Experience with modeling applications that calculate or project US statutory and US GAAP quantities preferred (e.g., Valuation, Pricing, ALM)

FSA strongly preferred

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 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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