Remote AVP

Summary

Join our team as we seek an AVP, Rate Setting professional to lead the Annuity rate setting for new business and inforce, utilizing sound analysis and judgement to balance profitability and brand reputation.

Requirements

• Bachelor's degree in mathematics, actuarial science or related degree or equivalent experience
• Associate of the Society of Actuaries (ASA) Required
• Member of the American Academy of Actuaries (MAAA) required
• 7+ years actuarial experience with progressively more responsibility with a concentration on Annuity products such as Fixed Annuities, Indexed Annuities, and Registered Indexed Linked Annuities
• Minimum 4 years of experience in role that requires improving efficiency and automation
• Experience within an Actuarial pricing function with a strong understanding of product, rate determination, capital utilization, and regulatory requirements
• Previous management experience with developing a team

Responsibilities

• Direct the analysis for profitability reviews and make recommendations for adjustments needed to achieve target profitability
• Lead the analysis and present recommendations for: Credited rate adjustments needed to achieve target profitability to the Retail Rate Committee
• Pricing assumption reviews as well as other structural, value or methodology changes related to the retail annuity block
• Prepare Senior Management and Board materials regarding rate, assumption and/or other recommended changes
• Influence cross departmental meetings with VP/SVP leaders discussing various profitability choices and recommendations, partnering with distribution leaders and other management committee members
• Employ sound analysis and judgement in balancing the trade-offs between profitability and brand reputation
• Engage with organizational change management teams to ensure accurate and timely implementation of approved changes
• Enhance departmental processes and analytical capabilities including the deployment of new analysis techniques where appropriate
• Direct conversations with external partners (auditors, consultants, reinsurance partners) regarding rating and assumptions, as appropriate
• Maintain knowledge of emerging industry experience for product features and benefits pertinent to F&G
• Participate in and utilize third party services and surveys to augment understanding of emerging experience and expectations of future experience, especially where F&G experience is not credible and future experience has high impact on emergence of profits
• Oversee staff development including performance management, training, development, controlling workflow, and engagement of employees

Benefits

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