Actuary, Stat Valuation

Fidelity & Guaranty Life Insurance Company; Deutschland; Hybrid; EUR 70.000 - 110.000; Vollzeit

Benefits dieser Stelle

Hybrid work model

Remote work options

Zusammenfassung

Fidelity & Guaranty Life Insurance Company seeks an experienced actuarial professional to support statutory valuation and financial reporting for life insurance and annuity blocks, including universal life products. The role leads staff, oversees reserve production, and prepares regulatory exhibits and RBC reports.

The ideal candidate holds a math/actuarial degree, FSA/MAAA preferred, with five+ years of actuarial experience, and strong skills in actuarial software, MS Office, and

Qualifikationen

• Bachelor’s degree in mathematics, actuarial science or related technical field.
• FSA and MAAA certifications are strongly preferred; ASA with experience may be considered.
• Minimum of five years of actuarial experience.
• Experience with life insurance and annuity products.
• Experience with indexed products and VM-20 is a plus.
• Familiarity with annual statements, RBC reports and regulatory deliverables.

Aufgaben

• Manage staff of actuaries and/or actuarial technicians.
• Oversee monthly reserve production for Statutory and Tax bases.
• Prepare, review and analyze reserve movements.
• Produce quarterly/annual deliverables for Statutory reserves, RBC, and rating agencies.
• Maintain valuation controls and update programs for new products and regulations.
• Stay current on regulatory requirements and industry standards.
• Collaborate across teams to ensure accurate financial reporting.

Kenntnisse

Analytical skills

Technical proficiency

Team leadership

Communication skills

Problem solving

Microsoft Office

Actuarial software

Ausbildung

Bachelor’s degree in mathematics or actuarial science

FSA and MAAA certifications preferred

ASA with experience considered

Tools

GGY-AXIS

Actuarial modeling software

MS Excel

Jobbeschreibung

Job Summary

This position’s primary responsibility is to support the Statutory actuarial valuation and financial reporting procedures at Fidelity & Guaranty Life. This position will be the subject matter expert for Statutory valuation processes for the company’s life insurance blocks including universal life products, both fixed and indexed, as well as for traditional life products.

Duties & Responsibilities

• Manage staff of actuaries and/or actuarial technicians
• Oversight of monthly production of reserves under the following bases: Statutory and Tax
• Preparation, review and analysis of 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
• Maintenance/enhancement and timely execution of valuation controls
• Maintenance of the valuation programs for new products, new regulations, etc.
• Stay abreast of new regulations/requirements, etc.

Knowledge, Skills & Abilities

• Strong technical, analytical, organizational, computer, and team skills
• Solid understanding of insurance company income statements and balance sheets
• Solid understanding of maintaining a strong control environment
• Proactive individual who can provide strong technical support to Actuarial Valuation team with solid analytical skills
• Self-starter who demonstrates strong initiative and displays a high energy level
• Strong problem-solving skills that include advanced analytical and reasoning abilities; demonstrated ability to apply actuarial principles to complex situations
• Ability to establish and maintain strong internal relationships within the company
• Team player who has the ability to function as a key member of a small group in which members of the team work with great autonomy; take a high degree of ownership for their areas of responsibility (subject matter expert)
• Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Access)
• Ability to learn and utilize actuarial software systems
• Effective verbal and written communication skills; strong presentation skills a plus

Experience and Education Requirements

• Bachelor’s degree in mathematics, actuarial science or related technical field
• FSA and MAAA certifications are strongly preferred; may consider ASA designation with increased levels of experience
• Minimum of five years of related actuarial experience
• Experience with life insurance and annuity products
• Experience with indexed products preferred but not required
• Experience with VM-20 preferred but not required
• Exposure to GGY-AXIS or similar actuarial modeling software preferred but not required

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

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 [e-mail].

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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