Actuary

Summary

Join Fidelity & Guaranty Life as a Statutory/Tax Actuarial Valuation expert, supporting valuation and financial reporting procedures. You will be the subject matter expert for Payout Annuity and Pension Risk Transfer blocks, establishing reserves and ensuring compliance with regulations. Responsibilities include managing a team of actuaries, overseeing reserve production, analyzing reserve movements, maintaining valuation controls, and staying updated on regulations. A Bachelor's degree in a related field and minimum five years of actuarial experience are required. FSA and MAAA certifications are strongly preferred. The role offers a flexible work environment with options for in-office, hybrid, and remote work arrangements.

Requirements

• Bachelor's degree in mathematics, actuarial science or related technical field
• Minimum of five years of related actuarial experience
• 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

Responsibilities

• Establish reserves and related balances for Payout Annuity and Pension Risk Transfer blocks at Fidelity & Guaranty Life under Statutory/Tax bases
• Ensure the product lines comply with the various federal and state valuation regulations
• Maintain, enhance and review the various quarterly controls
• Review and analyze quarterly reserve/balance movements to be provided to management and Finance personnel
• Lead a small team of actuarial staff members
• Manage staff of actuaries and/or actuarial technicians
• Oversight of monthly production of reserves under the following bases: Statutory/Tax
• Preparation, review and analysis of reserve movements
• Maintenance/enhancement and timely execution of valuation controls
• Maintenance of the valuation programs for new products, new regulations, etc
• Stay abreast of new regulations/requirements, etc
• Perform other functions, duties and projects as assigned
• Regular and punctual attendance

Preferred Qualifications

• FSA and MAAA certifications
• ASA designation with increased levels of experience

Benefits

Ability for in-office, hybrid and remote work arrangements