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 related to VM-22 for all 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 related technical field. • FSA and MAAA certifications are strongly preferred; may consider ASA designation with increased levels of experience. • Minimum of five years of related 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 complex situations. • Ability to establish and maintain strong internal relationships within 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 Microsoft Office applications (Word, Excel, PowerPoint, Access). • Ability to learn and utilize actuarial software systems. • Effective verbal and written communication skills; strong presentation skills a plus. Other Requirements • Perform other functions, duties and projects, as assigned. • Regular and punctual attendance. • Some travel may be required (less than 10%). #LI-JB1 #LI-Remote 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 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 Notice for all Applicants who are California residents under the California Privacy Rights Act. Please click here to review the policy. Apply tot his job Apply To this Job