Actuary, Model Steward

Fidelity & Guaranty Life Business Services; Des Moines (IA); Hybrid; USD 150,000 - 190,000; Full time

Benefits offered by this job

Hybrid work environment

Top Workplace recognition

Disability accommodations

Job summary

Fidelity & Guaranty Life in Des Moines, IA seeks a Director-level Actuary to oversee pension risk transfer, payout, UL and Trad AXIS models, ensuring governance, documentation, and production readiness. The role partners with valuation, pricing, and external vendors, while mentoring a team of actuarial professionals.

The ideal candidate has ASA or FSA, 6+ years of actuarial experience, and strong leadership, communication, and project management skills to drive risk-aware modeling and effective

Qualifications

• Bachelor's degree in Mathematics, Statistics, actuarial science or related field.
• ASA required; FSA strongly preferred.
• 6 years of relevant experience.
• Experience with Axis or similar actuarial modeling software is required.
• Experience with Indexed Universal Life line of business is preferred.
• Experience with US Statutory and US GAAP modeling applications (Valuation, Pricing, ALM/CF Testing).

Responsibilities

• Collaborate with teams to understand model enhancements for Corporate Payout, PRT, UL, and Trad AXIS models.
• Prepare Corporate Payout, PRT, UL, and Trad AXIS models for production runs.
• Provide technical model support and training to actuarial users.
• Maintain model documentation and oversee model change management processes.
• Work with users to ensure compliance with governance policies and procedures.
• Ensure development and integration best practices across the model lifecycle.
• Mentor and train junior team members.
• Lead as a subject matter expert in Actuarial Governance concepts.

Skills

Microsoft Office

Analytical thinking

Actuarial governance

Project management

Leadership

Communication

Presentation skills

Education

Bachelor's degree in Mathematics

ASA

FSA strongly preferred

Tools

Axis software

Job description

Job Summary

The Actuary's primary responsibility is to maintain actuarial models used at F&G and managing the governance and controls around the actuarial model change management process. This position is a Director level position and will be responsible for overseeing the Pension Risk Transfer, Payout, Indexed and Fixed Universal Life, and Traditional Life Corporate AXIS models. This responsibility involves overseeing model change management activities subject to a rigorous model governance environment, maintaining comprehensive model documentation, as well as preparing the models for production runs. Interactions with various internal groups (e.g., Valuation, Pricing), as well as external groups (e.g., software vendor, consultants, auditors) are inherent to these processes. Management and development of staff individuals is also required.

Duties & Responsibilities

• Collaborating with various teams to understand model enhancements to Corporate Payout, PRT, UL, and Trad AXIS models used for valuation, pricing, inforce management, ALM, and planning purposes
• Preparing the Corporate Payout, PRT, UL, and Trad AXIS models for regularly scheduled production runs
• Serving as the F&G expert on the Corporate Payout, PRT, UL, and Trad AXIS models by providing technical model support and relevant training to other actuarial users within the organization
• Fostering a strong risk management culture within the organization, including maintaining comprehensive model documentation and overseeing model change management processes
• Work with actuarial model users to ensure understanding and compliance with the actuarial model governance policies and change management procedures
• Ensure model development and integration best practices are followed during all stages of an actuarial model lifecycle
• Mentor and train more junior team members
• Functions as a subject matter expert in Actuarial and Actuarial Model Governance concepts
• Developing and enhancing processes to be effective and efficient, including being 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

• Extensive experience with Microsoft Office applications (Word, Excel, PowerPoint, Access)
• Strong problem-solving skills that include advanced analytical and reasoning abilities
• Demonstration of ability to apply actuarial principles to complex situations
• Unconditional integrity and commitment to delivering accurate information on schedule
• Strong project management skills, including appropriate priority setting, resource assessment, and delivery management with quality product
• Team player with demonstrated ability to proactively identify issues and to influence key project decisions to achieve desired outcomes
• Self-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging project environments
• Excellent verbal, written, interpersonal, and presentation skills (including communicating with and presenting to all levels of management)

Minimum Qualifications

• Bachelors Degree in Mathematics, Statistics, actuarial science or related field
• ASA Required.
• FSA Strongly preferred
• 6 years of relevant experience
• Experience with and knowledge of Axis (preferred) or similar actuarial modeling software is required
• Experience within the Indexed Universal Life Insurance line of business preferred
• Experience with modeling applications that calculate or project US Statutory and US GAAP quantities preferred (e.g. Valuation, Pricing, Asset Liability Management / Cash Flow Testing)

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#IND-HP #LI-MK1 #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 [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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