Associate Actuary

Fidelity & Guaranty Life Business Services; Des Moines (IA); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid work arrangements

Job summary

Fidelity & Guaranty Life Insurance Company (F&G) is seeking an Associate Actuary on the Inforce Management team to perform profitability analytics for annuity products. The role collaborates with pricing, modeling, reinsurance, and finance to analyze pricing, capital, and risk in support of management planning and product strategy.

The position involves creating analysis, updating metrics, and ensuring governance while contributing to forecasting and decision-making in a flexible, hybrid work

Qualifications

• Bachelor's degree in mathematics, actuarial science or related field; ASA preferred
• 2+ years of relevant actuarial experience
• Experience with pricing, capital, reinsurance, or financial metrics
• Familiarity with GGY AXIS or similar actuarial modeling software
• Annuity product background preferred but not required

Responsibilities

• Collaborate with pricing, modeling, reinsurance, and management to analyze pricing for annuity business
• Analyze product profitability and support evaluation of reinsurance agreements
• Assess and update metrics used to evaluate profitability
• Evaluate capital impacts of pricing or product decisions
• Create summaries of product profitability and support planning/forecasting
• Develop repeatable, scalable processes and documentation
• Support integration of new products and pricing updates to reporting

Skills

Actuarial principles

Analytical thinking

Cross-functional collaboration

Programming: VBA

Programming: R

Microsoft Office

Education

Bachelor's degree in mathematics or actuarial science

ASA certification

Tools

GGY AXIS

Alteryx

Excel

Word

PowerPoint

VBA

R

Job description

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

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].

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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