F&G is hiring for an Actuary, Retail Pricing & Design - Annuities. This position is responsible for the development, design, pricing and risk analysis of F&G's Annuity products in accordance with established pricing guidelines and profitability targets for Annuity products to achieve F&G's product strategy.
This position reports directly to the AVP, Retail Pricing & Design Actuary - Annuities and is expected to interact with 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
Collaboration with product leadership to deliver product from concept phase through implementation.
Responsible for the development and pricing of Annuity products from the concept phase through implementation by:
Conducting preliminary pricing to inform concept development
Evaluating potential product features, collaborating with Actuarial and Risk Advisory Team, to develop awareness and ensure understanding of implications of design and feature decisions by Actuarial leadership
Pricing product, including risk analysis, and creating pricing memorandums for product approval
Creating product specifications and support handoff to Implementation team
Understanding of product, profitability, capital utilization, and risk to inform design and pricing decisions
Build pricing model, create documentation, and hand off model, ensuring appropriate model governance procedures are followed
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 Fixed Indexed Annuities and/or Registered Index Linked Annuities
Experience within an Actuarial product development function with a strong understanding of product, pricing, capital utilization, and regulatory requirementsExperience 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 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 project 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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