Sr. Associate Actuary, Cash Flow Testing
About this role
Job Summary
This position contributes to regulatory projection and reporting efforts, including Cash Flow Testing, C3 Phase I, and related reserve adequacy analyses. They run projection models, assist with model enhancements, perform detailed analyses, and support process improvement initiatives. This position is a part of the Actuarial Education Program and provides exam support and rotation opportunities for the candidate.
Organization
This position reports to the Actuary, Cash Flow Testing.
Duties and Responsibilities
- Generate actuarial projections using AXIS modeling software.
- Design and maintain appropriate controls for AXIS models and reports.
- Analyze model output, identify key drivers, and communicate results.
- Provide review and sign off for AXIS model changes and perform change management testing.
- Create and maintain process documentation.
- Collaborate with external partners and internal teams to align efforts and drive successful outcomes.
- Actively engage in continuous improvements for both process and reporting
Experience and Education Requirements
- Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or other related area.
- Minimum ASA with progress towards FSA and MAAA preferred.
- 4+ years of related individual life and annuity actuarial experience.
- Experience with general account insurance products, indexed products, life insurance accounting, and asset modeling. Knowledge of pension risk transfer a plus.
Knowledge, Skills and Abilities
- Intermediate knowledge and experience with actuarial modeling system – AXIS preferred.
- Sound knowledge of business and technical operations preferred.
- Knowledge of Statutory, GAAP, and Tax accounting
- Knowledge of general account insurance products
- Good communication and conflict resolution skills
- Self-starter who can develop policies, procedures and processes
- Ability to organize and manage multiple priorities required
- Intermediate knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Access)
- Demonstrates initiative and a strong desire to understand and solve problems.
Willingness to ask questions and propose improvements.
- High degree of ownership for their areas of responsibility.
- Strong problem-solving skills that include advanced analytical and reasoning abilities. Demonstrate ability to apply actuarial principles to complex situations.
Other Requirements
- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
- Some travel may be required (less than 10%)
#LI-JB1
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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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