Associate Actuary, Actuarial Models at Fidelity & Guaranty Life Business Services in Des Moines, Iowa

Job Description:

Job Summary


F&G is hiring for an Associate Actuary with our Actuarial Models team. The Associate Actuary's primary responsibilities are to develop and maintain actuarial models used at F&G. This responsibility involves executing model change management activities subject to a rigorous model governance environment, as well as preparing the models for production runs and maintaining comprehensive model documentation.


Duties and Responsibilities

• Collaborate with various teams to understand required changes to Corporate AXIS models used for valuation, pricing, inforce management, ALM, and planning purposes
• Foster a strong risk management culture within the organization, including maintaining comprehensive model documentation and executing model change management processes while adhering to established governance policies and procedures
• Prepare the Corporate AXIS models for regularly scheduled production runs
• Maintain comprehensive model documentation and executing model change management process while adhering to established governance policies and procedures
• Provide technical model support and relevant training to other actuarial users within the organization
• Interact with different levels of employees from various areas of the company including IT, reinsurance and internal audit as well as external groups including software vendor and consultants
• Develop and enhancing processes to be effective and efficient, including being repeatable and scalable

Experience and Education Requirements

• Bachelor's Degree in Actuarial Science, Math, Statistics or other related area
• ASA designation
• 4+ years of related actuarial experience
• Experience with and knowledge of AXIS (preferred) or similar actuarial modeling software is required
• Experience with the Fixed Indexed Annuity, Indexed Universal Life, or Pension Risk Transfer lines of business, or reinsurance thereon, preferred

Skills and Abilities

• Strong problem-solving and analytical skills including the ability to quickly and effectively learn new concepts and technical tools. Demonstrate ability to apply actuarial principles to complex situations.
• Self-starter who demonstrates strong initiative, including a continuous desire to enhance tools and processes through challenging the status quo
• Ability to adapt rapidly and thrive in a quickly evolving and dynamic work environment and handle multiple responsibilities simultaneously
• Takes ownership for responsibilities, with attention to detail demonstrated through high quality of work product
• Possess strong technical skills including the ability to independently implement changes and troubleshoot issues
• Team player who has the ability to function as a key member of a small group, demonstrated by the ability to proactively identify issues and to influence key project decisions
• Strong verbal and written communication skills

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Some travel required (less than 10%)

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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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