Sr. Associate Actuary, Retail Pricing & Design (Protection)

Job Summary

F&G is hiring for a Senior Associate Actuary, Retail Pricing & Design – Protection.  This position is responsible for the development, design, pricing and risk analysis of F&G’s Life products in accordance with established pricing guidelines and profitability targets for Life products to achieve F&G’s product strategy.

This position reports directly to the AVP, Retail Pricing & Design Actuary, and is expected to support interactions with key stakeholders in the Product Development Process such as the Product Development Advisory Team, the Portfolio Product Manager, and the Actuarial and Risk Advisory team as well as others across disciplines and functions.

Duties and Responsibilities

• Collaborate with product leadership to support product design from concept phase through implementation.
• Responsible for the development and pricing of Life products from the concept phase through implementation by:
  • Building pricing models in GGY AXIS, creating documentation, and hand off model, ensuring appropriate model governance procedures are followed
  • Conducting preliminary pricing to inform concept development
  • Evaluating potential product features to develop awareness and ensure understanding of implications of design and feature decisions by Actuarial leadership
  • Support Pricing products, including risk analysis, and creating pricing memorandums for product approval
  • Creating product specifications and support handoff to Implementation team
• Maintain understanding of product, profitability, capital utilization, and risk to inform design and pricing decisions
• 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
• Successful completion of ASA designation and in pursuit of fellowship
• 4+ years actuarial experience with progressively more responsibility with a concentration on Indexed Universal Life preferred
• Preferred experience within an Actuarial product development function with a strong understanding of product, pricing, capital utilization, and regulatory requirements
• Experience with and knowledge of GGY AXIS or similar actuarial modeling software

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 communicate key project decisions to achieve desired outcomes
• Self-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging project environments
• 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

 

#LI-JB1

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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.

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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