Associate Actuary, Model Steward

Job Description

Job Description

Job Summary

The Associate Actuary will assist the Actuarial Model Steward team with maintaining the actuarial models used at F&G and managing the governance and controls around the actuarial model change management process. This responsibility includes maintaining comprehensive model documentation, and overseeing model change management activities subject to a rigorous model governance environment, and collaborating with the F&G actuaries across the company.

Organization

This position will be part of the Actuarial Models team and work with actuaries from various areas within F&G, Internal Controls, Risk teams, as well as Internal Audit and external auditors. This role will report to a Production Lead on the Model Steward team.

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
• Execute the steps to roll the version-controlled model forward on a monthly and quarterly basis
• Performing control work on the version controlled model
• 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
• Review of actuarial model documentation, including change requests, and technical integration instructions
• Functions as a subject matter expert in Actuarial and Actuarial Model Governance concepts
• Contribute to the preparation and act as an active participant in Actuarial Model Governance Meetings
• Maintain comprehensive model documentation and make improvement recommendations to processes and documentation
• Mentor and train more junior team members
• Collaborate within the Actuarial Models team and with actuaries from different areas of the company
• Demonstrate knowledge of actuarial concepts and processes

Experience and Education Requirements

• ASA designation preferred.
• Bachelor's Degree preferably in Actuarial Science, Math, Statistics or other related area
• 2+ years of experience with actuarial models required
• Familiarity with life insurance and/or annuity product knowledge is required
• Experience in formal controls and working with auditors is preferred
• Understanding of actuarial projections and interactions between various product features and actuarial calculation results
• Experience with Microsoft Office Products (Excel, Access, Word, PowerPoint)

Knowledge, Skills & Abilities

• Demonstrate ability to apply actuarial principles to complex situations
• Strong working knowledge of actuarial modeling systems and model governance required
• Moody's AXIS experience preferred
• Possess strong technical skills including understanding of software development, testing, and life cycle management processes
• Excellent verbal, written, interpersonal, and communication skills
• Able to work and communicate effectively with employees at all levels from various areas within the Company
• Strong problem-solving skills that include advanced analytical and reasoning abilities, and ability to juggle multiple priorities simultaneously
• Self-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging project environments
• Team player who has the ability to function as a key member of a small group, with demonstrated ability to proactively identify areas for improvement

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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