Actuarial Associate

Fidelity & Guaranty Life Business Services; Des Moines (IA); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Hybrid work environment

Remote work options

Job summary

Fidelity & Guaranty Life Insurance Company is seeking an actuarial professional to support GAAP or Statutory/Tax valuation and financial reporting procedures for designated lines of business. You will execute GAAP or Statutory valuation processes and report to the Actuary, Actuarial Valuation or Sr.

Associate Actuary. The role involves monthly reserve production, analysis of reserve movements, and maintaining valuation controls in a collaborative, team-oriented environment.

Qualifications

• Bachelor's degree in mathematics, actuarial science or related technical field.
• ASA examinations completed.
• Minimum of one year of actuarial experience.

Responsibilities

• Monthly production of reserves under GAAP or Statutory/Tax bases.
• Develop information for reserve movements analyses.
• Maintain/execute valuation controls timely.
• Assist in maintenance of valuation programs for new products/regulations.
• Other projects as assigned

Skills

Self-starter

Team player

Ownership

MS Office

Actuarial software

Education

Bachelor's degree in mathematics/actuarial science

ASA examinations completed

Minimum 1 year actuarial experience

Tools

GGY-AXIS

Job description

Job Summary

This position's primary responsibility is to support the GAAP or Statutory/Tax Actuarial Valuation and Financial Reporting procedures for Fidelity & Guaranty Life. This position will execute either the GAAP or Statutory/Tax valuation processes of designated lines of business. This position reports to the Actuary, Actuarial Valuation or Sr. Associate Actuary.

Duties and Responsibilities

• Monthly production of reserves under the following bases: GAAP or Statutory/Tax


• Develop information for preparation, review and analysis of reserve movements


• Maintenance/enhancement and timely execution of valuation controls


• Assist in maintenance of the valuation programs for new products, new regulations, etc.


• Other projects as assigned

Experience and Education Requirements

• Bachelor's degree in mathematics, actuarial science or related technical field


• Successful completion of five ASA examination requirements


• Minimum of one year of related actuarial experience


• Strong technical, analytical, organizational, computer, and team skills


• Experience with indexed products preferred but not required


• Exposure to GGY-AXIS or similar actuarial modeling software preferred

Skills and 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


• Typical professional office environment


• Periods of extended sitting required

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.

1 Top Workplaces USA 2022 - 2023

2 Des Moines Register Top Workplaces 2018 - 2022

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