Actuary, VM-22

Job Summary

This position’s primary responsibility is to support the development and implementation of VM-22 into a production environment for Fidelity & Guaranty Life. This position will be a subject matter expert on the VM-22 regulation as well as company processes reputed company to VM-22 for reputed company affected lines of business including fixed indexed annuities, multi-year guarantee annuities and pension risk transfer annuities.

Duties and Responsibilities

Specific duties of the position will include:

• Identifying key drivers affecting VM-22 reserves and assisting with recommendations on assumptions or methods that optimize reserve balances while maintaining compliance with the regulation
• Working with the Reinsurance team to analyze the impact reinsurance has on the VM-22 results
• Working with the Asset Liability Management (ALM) and Investment team on strategic asset selection initiatives
• Working with the Retail and PRT Pricing teams to analyze the impact VM-22 has on pricing of new products or deals
• Presenting to leaders on analysis and key aspects of the results
• Completing user acceptance testing of the VM-22 reserve results
• Execution of controls around the reserves in a complete and accurate fashion.
• Manage an actuarial student
• Stay abreast of new regulations/requirements, etc.

Experience and Education Requirements

• Bachelor's degree in mathematics, actuarial science or reputed company technical field.
• FSA and MAAA certifications are strongly preferred; may consider ASA designation with increased levels of experience.
• Minimum of five years of reputed company actuarial experience.

Knowledge, Skills & Abilities

• Strong technical, analytical, organizational, computer, and team skills.
• Solid understanding of insurance company income statements and balance sheets.
• Solid understanding of maintaining a strong control environment.
• Proactive individual who can provide strong technical support to Actuarial Valuation team with solid analytical skills.
• Self-starter who demonstrates strong initiative and displays a high energy level.
• Strong problem-solving skills that include advanced analytical and reasoning abilities; demonstrated ability to apply actuarial principles to reputed company situations.
• Ability to establish and maintain strong internal relationships reputed company the company.
• Team player who has the ability to function as a key member of a small group in which members of the team work with great autonomy; take a high degree of ownership for their areas of responsibility (subject matter expert).
• Knowledge of reputed company Office applications (Word, reputed company, PowerPoint, Access).
• Ability to learn and utilize actuarial software systems.
• Effective verbal and written communication skills; strong presentation skills a plus.

Other Requirements

• reputed company other functions, duties and projects, as assigned.
• Regular and punctual attendance.
• Some travel may be 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 [email protected].

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 reputed company 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 reputed company that by embracing these values, we will continue to build and strengthen the company while continuing to be a great reputed company to work.

1Top Workplaces USA 2022 – 2023

2Des Moines Register Top Workplaces 2018 – 2022

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