Job Description
Job Description
Job Summary
F&G is hiring for an Actuary to lead the Annuity New Business Rate Setting team. This position is responsible for the rate setting, pricing, and risk analysis of F&G's Annuity products in accordance with established pricing guidelines and profitability targets to achieve F&G's product strategy.
This position reports directly to the AVP, Rate Setting and is expected to interact with distribution, implementation, , and product development teams as well as others across disciplines and functions.
This position will have two direct reports.
Duties and Responsibilities
- Collaborate with distribution, competitive intelligence, investments, and company management to analyze pricing for annuity new business
- Responsible for the rate decision recommendations for Annuity new business products by :
Conducting pricing to evaluate product profitability
Assessing and reviewing implementation of pricing model input or assumption updatesEvaluating potential rate actions by collaborating with other teamsCreating summary of Annuity new business profitability and rate recommendations for managementRecommend informed data-driven decisions based on a thorough understanding of product, profitability, capital utilization, and riskUpdate pricing models and create documentation to ensure appropriate model governance procedures are followedSupport integration of new products into recurring pricing analysis and rate setting processesDevelop and nurture team engagement, development, and growthSupport a risk aware culture within the teamDevelop enhancements to create repeatable and scalable processesExperience and Education Requirements
Bachelor's degree in mathematics, actuarial science or related degree or equivalent experienceASA and MAAA certifications; FSA Preferred5+ years actuarial experience with progressively more responsibility with a concentration on Annuity products such as Fixed Annuities, Indexed Annuities, and Registered Indexed Linked AnnuitiesExperience within an Actuarial pricing function with a strong understanding of product, rate determination, capital utilization, and regulatory requirementsExperience with and knowledge of GGY AXIS or similar actuarial modeling softwarePrevious management experience preferredKnowledge, Skills & Abilities
Demonstrated ability to apply actuarial principles to complex situationsStrong problem-solving skills that include advanced analytical and reasoning abilitiesUnconditional integrity and commitment to delivering accurate information on scheduleDemonstrated ability to proactively identify issues and to influence key project decisions to achieve desired outcomesSelf-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging environments, managing the delivery of projects in addition to individual tasks and processesAbility to collaborate with technical and non-technical audiences at all levels of leadership, either through verbal or written forms of communicationOther Requirements
Perform other functions, duties and projects as assignedRegular and punctual attendanceNo travel is required for this position#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.
1 Top Workplaces USA 2022 – 2023
2 Des Moines Register Top Workplaces 2018 – 2022
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