Actuary, Retail Pricing & Design - Annuities

Summary

Join our team as an Actuary, Retail Pricing & Design – Annuities and contribute to the development, design, pricing, and risk analysis of F&G's Annuity products. This role reports directly to the AVP, Retail Pricing & Design Actuary – Annuities and requires collaboration with product leadership, the Product Development Advisory Team, and other teams across disciplines and functions.

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 requirements
• Experience with and knowledge of GGY AXIS or similar actuarial modeling software

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

Benefits

Flexible work environment (in-office, hybrid, remote)