Actuary, Model Steward

Job Summary

The Actuary's primary responsibility is to maintain actuarial models used at F&G and managing the governance and controls around the actuarial model change management process. This position is a Director level position and will be responsible for overseeing the Pension Risk Transfer, Payout, Indexed and Fixed Universal Life, and Traditional Life Corporate AXIS models. This responsibility involves overseeing model change management activities subject to a rigorous model governance environment, maintaining comprehensive model documentation, as well as preparing the models for production runs. Interactions with various internal groups (e.g., Valuation, Pricing), as well as external groups (e.g., software vendor, consultants, auditors) are inherent to these processes. Management and development of staff individuals is also required.

Duties & Responsibilities

Collaborating with various teams to understand model enhancements to Corporate Payout, PRT, UL, and Trad AXIS models used for valuation, pricing, inforce management, ALM, and planning purposes Preparing the Corporate Payout, PRT, UL, and Trad AXIS models for regularly scheduled production runs Serving as the F&G expert on the Corporate Payout, PRT, UL, and Trad AXIS models by providing technical model support and relevant training to other actuarial users within the organization Fostering a strong risk management culture within the organization, including maintaining comprehensive model documentation and overseeing model change management processes Work with actuarial model users to ensure understanding and compliance with the actuarial model governance policies and change management procedures Ensure model development and integration best practices are followed during all stages of an actuarial model lifecycle Mentor and train more junior team members Functions as a subject matter expert in Actuarial and Actuarial Model Governance concepts Developing and enhancing processes to be effective and efficient, including being repeatable and scalable

Supervisory Responsibilities: This role has people leadership responsibilities, including managing performance, developing talent, and supporting engagement and team effectiveness.

Knowledge, Skills, & Abilities

Extensive experience with Microsoft Office applications (Word, Excel, PowerPoint, Access) Strong problem-solving skills that include advanced analytical and reasoning abilities Demonstration of ability to apply actuarial principles to complex situations Unconditional integrity and commitment to delivering accurate information on schedule Strong project management skills, including appropriate priority setting, resource assessment, and delivery management with quality product Team player with 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 Excellent verbal, written, interpersonal, and presentation skills (including communicating with and presenting to all levels of management)

Minimum Qualifications

Bachelors Degree in Mathematics, Statistics, actuarial science or related field ASA Required. FSA Strongly preferred 6 years of relevant experience Experience with and knowledge of Axis (preferred) or similar actuarial modeling software is required Experience within the Indexed Universal Life Insurance line of business preferred Experience with modeling applications that calculate or project US Statutory and US GAAP quantities preferred (e.g. Valuation, Pricing, Asset Liability Management / Cash Flow Testing)

Other Requirements

This position primarily involves sedentary work, requiring long periods of sitting, regular use of a computer, and occasional standing or walking, with reasonable accommodations available. Perform other functions, duties and projects as assigned Regular and punctual attendance

Ability to travel up to: 10% of the time

#IND-HP

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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 Workplace 1 , an Iowa Top Workplace 2 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.

1 Top Workplaces USA 2022 – 2023

2 Des Moines Register Top Workplaces 2018 – 2022

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