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 updates
- Evaluating potential rate actions by collaborating with other teams
- Creating summary of Annuity new business profitability and rate recommendations for management
- Recommend informed data-driven decisions based on a thorough understanding of product, profitability, capital utilization, and risk
- Update pricing models and create documentation to ensure appropriate model governance procedures are followed
- Support integration of new products into recurring pricing analysis and rate setting processes
- Develop and nurture team engagement, development, and growth
- Support a risk aware culture within the team
- Develop enhancements to create repeatable and scalable processes
Experience and Education Requirements
- Bachelor's degree in mathematics, actuarial science or related degree or equivalent experience
- ASA and MAAA certifications; FSA Preferred
- 5+ years actuarial experience with progressively more responsibility with a concentration on Annuity products such as Fixed Annuities, Indexed Annuities, and Registered Indexed Linked Annuities
- Experience within an Actuarial pricing function with a strong understanding of product, rate determination, capital utilization, and regulatory requirements
- Experience with and knowledge of GGY AXIS or similar actuarial modeling software
- Previous management experience preferred
Knowledge, Skills & Abilities
- Demonstrated ability to apply actuarial principles to complex situations
- Strong problem-solving skills that include advanced analytical and reasoning abilities
- Unconditional integrity and commitment to delivering accurate information on schedule
- 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 environments, managing the delivery of projects in addition to individual tasks and processes
- Ability to collaborate with technical and non-technical audiences at all levels of leadership, either through verbal or written forms of communication
Other Requirements
- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
- No travel is required for this position
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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
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