What are the responsibilities and job description for the Actuarial Associate, Actuarial Valuation position at Fidelity & Guaranty Life Business Services?
Job Summary
The Actuarial Associate contributes to regulatory projection and reporting efforts, including Cash Flow Testing, C3 Phase I, and related reserve adequacy analyses. They run projection models, assist with model enhancements, perform detailed analyses, and support process improvement initiatives. This position is a part of the Actuarial Education Program and provides exam support and rotation opportunities for the candidate.
Duties and Responsibilities
#LI-JB1
#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 talentacquisition@fglife.com.
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
Notice for all Applicants who are California residents under the California Privacy Rights Act. Please click here to review the policy.
The Actuarial Associate contributes to regulatory projection and reporting efforts, including Cash Flow Testing, C3 Phase I, and related reserve adequacy analyses. They run projection models, assist with model enhancements, perform detailed analyses, and support process improvement initiatives. This position is a part of the Actuarial Education Program and provides exam support and rotation opportunities for the candidate.
Duties and Responsibilities
- Generate actuarial projections using GGY AXIS modeling software.
- Prepare data for use in actuarial models and execute controls on model inputs, outputs, and process.
- Manage model output and assist in analysis of results.
- Create and maintain process documentation.
- Collaborate with external partners and internal teams to align efforts and drive successful outcomes.
- Actively engage in continuous improvements for both process and reporting
- Bachelor's degree in Mathematics, Actuarial Science, or related technical field
- 5 or more actuarial exams or modules passed required
- 1 years experience required
- Life insurance and annuity knowledge preferred.
- Exposure to GGY AXIS or similar actuarial modeling system preferred.
- Demonstrate ability to apply actuarial principles to complex situations
- Ability to learn and utilize actuarial software systems
- Excellent verbal, written, interpersonal, and communication skills
- Strong problem-solving skills that include advanced analytical and reasoning abilities
- Self-starter who demonstrates strong initiative and can operate efficiently in unpredictable and challenging project environments
- Must be extremely detail oriented, analytical and be able to handle multiple projects
- Team player who can function as a key member of a small group
- Knowledge of Microsoft Office applications (Word, Excel, PowerPoint)
- Perform other functions, duties, and projects as assigned.
- Regular and punctual attendance.
- Minimal travel required (less than 10%).
#LI-JB1
#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 talentacquisition@fglife.com.
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
Notice for all Applicants who are California residents under the California Privacy Rights Act. Please click here to review the policy.
