Associate Actuary

F&G; United States; On-site; USD 70,000 - 95,000; Full time

Job summary

Fidelity & Guaranty Life is seeking an Actuarial Analyst to support Statutory Actuarial Valuation and Financial Reporting procedures for designated life insurance and annuity lines.

You will execute statutory valuation processes and prepare reserve movements, quarterly and annual deliverables, and valuation controls. This role also supports new product valuation programs and PBR reporting as needed.

Qualifications

• Bachelor's Degree in Mathematics, Actuarial Science or related technical field.
• Minimum of two years of related actuarial experience.
• Strong technical, analytical, organizational, computer and team skills.
• Experience with life insurance and annuity products.
• Experience with indexed products.
• Exposure to GGY-AXIS or similar actuarial modeling software.
• ASA Certification.

Responsibilities

• Monthly production of Statutory and Tax reserves for designated life insurance and annuity lines of business.
• Prepare, review and analyze Statutory and Tax reserve movements.
• Prepare, review and analyze quarterly and annual deliverables related to Statutory reserves including annual statement exhibits, RBC reports and rating agency deliverables.
• Maintain, enhance and ensure timely execution of valuation controls.
• Assist in the maintenance of the valuation programs for new products, new regulations, etc.
• Assist with completion of the PBR Actuarial Report.

Skills

Self-starter

Team player

Ownership

MS Office

Actuarial software

Communication skills

Education

Bachelor's in Mathematics/Actuarial Science

ASA Certification

Tools

GGY-AXIS or similar

Job description

Job Summary

This position’s primary responsibility is to support the Statutory Actuarial Valuation and Financial Reporting procedures for Fidelity & Guaranty Life. This position will execute the Statutory valuation processes of designated life insurance and annuity lines of business.

Duties & Responsibilities

• Monthly production of Statutory and Tax reserves for designated life insurance and annuity lines of business
• Prepare, review and analyze Statutory and Tax 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
• Maintain, enhance and ensure timely execution of valuation controls
• Assist in the maintenance of the valuation programs for new products, new regulations, etc.
• Assist with completion of the PBR Actuarial Report

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

• 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

Minimum Qualifications

• Bachelor's Degree in Mathematics, Actuarial Science or related technical field
• Minimum of two years of related actuarial experience
• Strong technical, analytical, organizational, computer and team skills

License/Certification

• ASA Certification

Preferred Qualifications

• Experience with life insurance and annuity products
• Experience with indexed products
• Exposure to GGY-AXIS or similar actuarial modeling software

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

Travel Requirement

10% of the time